GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Oct. 31, 2016

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill — The changes in the net carrying amount of goodwill for fiscal 2016 and 2015 were as follows:


		Professional Segment			Residential Segment			Total

Balance as of October 31, 2014	$	80,946		$	10,905		$	91,851

Goodwill acquired		103,028			—			103,028
Translation and other adjustments		792			(138	)		654

Balance as of October 31, 2015		184,766			10,767			195,533

Translation adjustments		(428	)		(323	)		(751	)

Balance as of October 31, 2016	$	184,338		$	10,444		$	194,782

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


October 31, 2016	Weighted- average Life (Years)		Gross Carrying Amount		Accumulated Amortization			Net

Patents	3.1	$	15,151	$	(10,866	)	$	4,285
Non-compete agreements	0.4		6,886		(6,681	)		205
Customer-related	16.5		84,353		(14,434	)		69,919
Developed technology	1.4		28,648		(23,712	)		4,936
Trade names	17.1		28,715		(4,235	)		24,480
Other			800		(800	)		—

Total amortizable			164,553		(60,728	)		103,825

Non-amortizable - trade names			4,268		—			4,268

Total other intangible assets, net		$	168,821	$	(60,728	)	$	108,093


October 31, 2015	Weighted- average Life (Years)		Gross Carrying Amount		Accumulated Amortization			Net

Patents	3.6	$	15,191	$	(10,175	)	$	5,016
Non-compete agreements	0.9		6,922		(6,206	)		716
Customer-related	17.4		84,599		(10,316	)		74,283
Developed technology	2.3		28,804		(20,530	)		8,274
Trade names	18.0		28,715		(2,825	)		25,890
Other			800		(800	)		—

Total amortizable			165,031		(50,852	)		114,179

Non-amortizable - trade names			4,831		—			4,831

Total other intangible assets, net		$	169,862	$	(50,852	)	$	119,010

Amortization expense for intangible assets for the fiscal years ended October 31, 2016, 2015, and 2014 was $9,550, $11,438, and $6,002, respectively. Estimated amortization expense for the succeeding fiscal years is as follows: 2017, $9,458; 2018, $7,440; 2019, $6,562; 2020, $6,006; 2021, $5,601; and after 2021, $68,758.

- 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.

+ References + Details