GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Oct. 31, 2013

GOODWILL AND OTHER INTANGIBLE ASSETS


5		GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill – The changes in the net carrying amount of goodwill for fiscal 2013 and 2012 were as follows:



	Professional Segment		Residential Segment			Total

Balance as of October 31, 2011	$80,990		$11,030		$	92,020
Translation adjustments	(6	)	(14	)		(20	)

Balance as of October 31, 2012	$80,984		$11,016		$	92,000
Translation adjustments	(22	)	(64	)		(86	)

Balance as of October 31, 2013	$80,962		$10,952		$	91,914

Other Intangible Assets – The components of other intangible assets were as follows:

October 31, 2013

Estimated
Life
(Years)

Gross
Carrying
Amount

Accumulated
Amortization

Net

Patents

1.5-13

10,213

(8,537

)

1,676

Non-compete agreements

1.5-10

6,849

(4,488

)

2,361

Customer-related

1.5-13

8,654

(4,660

)

3,994

Developed technology

1.5-10

28,224

(13,478

)

14,746

Trade names

1.5-5

1,515

(865

)

650

Other

800

(800

)

–

Total amortizable

56,255

(32,828

)

23,427

Non-amortizable – trade names

4,881

–

4,881

Total other intangible assets, net

61,136

(32,828

)

28,308



October 31, 2012	Estimated Life (Years)		Gross Carrying Amount		Accumulated Amortization			Net

Patents	1.5-13	$	9,593	$	(8,031	)	$	1,562
Non-compete agreements	1.5-10		6,303		(3,656	)		2,647
Customer-related	1.5-13		8,312		(3,826	)		4,486
Developed technology	1.5-10		27,727		(10,196	)		17,531
Trade names	1.5-5		1,515		(557	)		958
Other			800		(800	)		–

Total amortizable			54,250		(27,066	)		27,184

Non-amortizable – trade names			4,881		–			4,881

Total other intangible assets, net		$	59,131	$	(27,066	)	$	32,065

The change in gross carrying amount of other intangible assets of $2,005 from October 31, 2013 compared to October 31, 2012 was the result of intangible assets acquired from a company located in China and changes in foreign currency exchange rates.

Amortization expense for intangible assets for the fiscal years ended October 31, 2013, 2012, and 2011 was $5,769, $6,008, and $4,967, respectively. Estimated amortization expense for the succeeding fiscal years is as follows: 2014, $5,623; 2015, $5,431; 2016, $4,912; 2017, $4,017; 2018, $1,989; and after 2018, $1,455.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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