Goodwill and Other Intangible Assets, Net (Tables)

9 Months Ended

Aug. 04, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill by reportable segment for the first nine months of fiscal 2023 were as follows:

(Dollars in thousands)	Professional		Residential		Other		Total
Balance as of October 31, 2022	$	573,031	$	10,266	$	—	$	583,297
Non-cash impairment charge	(133,263)		—		—		(133,263)
Translation adjustments	1,080		150		—		1,230
Balance as of August 4, 2023	$	440,848	$	10,416	$	—	$	451,264

Schedule of Finite-Lived Intangible Assets

The components of other intangible assets, net as of August 4, 2023, July 29, 2022, and October 31, 2022 were as follows (dollars in thousands):

August 4, 2023	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,218	$	(15,864)	$	2,354
Non-compete agreements	5.5	6,858		(6,851)		7
Customer-related	15.7	329,059		(101,952)		227,107
Developed technology	7.1	102,108		(60,776)		41,332
Trade names	13.7	10,740		(3,921)		6,819
Backlog and other	0.6	5,730		(5,730)		—
Total finite-lived	13.2	472,713		(195,094)		277,619
Indefinite-lived - trade names		271,571		—		271,571
Total other intangible assets, net		$	744,284	$	(195,094)	$	549,190

July 29, 2022	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,252	$	(15,178)	$	3,074
Non-compete agreements	5.5	6,887		(6,861)		26
Customer-related	16.0	321,113		(78,017)		243,096
Developed technology	7.1	102,013		(50,412)		51,601
Trade names	13.7	10,689		(3,267)		7,422
Backlog and other	0.6	5,730		(5,280)		450
Total finite-lived	13.4	464,684		(159,015)		305,669
Indefinite-lived - trade names		289,472		—		289,472
Total other intangible assets, net		$	754,156	$	(159,015)	$	595,141

October 31, 2022	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,210	$	(15,317)	$	2,893
Non-compete agreements	5.5	6,851		(6,829)		22
Customer-related	16.0	320,959		(83,805)		237,154
Developed technology	7.1	101,915		(53,001)		48,914
Trade names	13.8	10,667		(3,395)		7,272
Backlog and other	0.6	5,730		(5,505)		225
Total finite-lived	13.4	464,332		(167,852)		296,480
Indefinite-lived - trade names		289,352		—		289,352
Total other intangible assets, net		$	753,684	$	(167,852)	$	585,832

Schedule of Indefinite-Lived Intangible Assets

The components of other intangible assets, net as of August 4, 2023, July 29, 2022, and October 31, 2022 were as follows (dollars in thousands):

August 4, 2023	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,218	$	(15,864)	$	2,354
Non-compete agreements	5.5	6,858		(6,851)		7
Customer-related	15.7	329,059		(101,952)		227,107
Developed technology	7.1	102,108		(60,776)		41,332
Trade names	13.7	10,740		(3,921)		6,819
Backlog and other	0.6	5,730		(5,730)		—
Total finite-lived	13.2	472,713		(195,094)		277,619
Indefinite-lived - trade names		271,571		—		271,571
Total other intangible assets, net		$	744,284	$	(195,094)	$	549,190

July 29, 2022	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,252	$	(15,178)	$	3,074
Non-compete agreements	5.5	6,887		(6,861)		26
Customer-related	16.0	321,113		(78,017)		243,096
Developed technology	7.1	102,013		(50,412)		51,601
Trade names	13.7	10,689		(3,267)		7,422
Backlog and other	0.6	5,730		(5,280)		450
Total finite-lived	13.4	464,684		(159,015)		305,669
Indefinite-lived - trade names		289,472		—		289,472
Total other intangible assets, net		$	754,156	$	(159,015)	$	595,141

October 31, 2022	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18,210	$	(15,317)	$	2,893
Non-compete agreements	5.5	6,851		(6,829)		22
Customer-related	16.0	320,959		(83,805)		237,154
Developed technology	7.1	101,915		(53,001)		48,914
Trade names	13.8	10,667		(3,395)		7,272
Backlog and other	0.6	5,730		(5,505)		225
Total finite-lived	13.4	464,332		(167,852)		296,480
Indefinite-lived - trade names		289,352		—		289,352
Total other intangible assets, net		$	753,684	$	(167,852)	$	585,832

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

estimated amortization expense for the remainder of fiscal 2023 and succeeding fiscal years is as follows:

(Dollars in thousands)	August 4, 2023
2023 (remaining)	$	8,905
2024	34,568
2025	31,715
2026	30,534
2027	25,601
2028	22,305
Thereafter	123,991
Total estimated amortization expense	$	277,619