Goodwill and Other Intangible Assets

9 Months Ended

Jul. 29, 2016

Goodwill and Other Intangible Assets

Note 5 — Goodwill and Other Intangible Assets

The changes in the net carrying amount of goodwill for the first nine months of fiscal 2016 were as follows:

	Professional			Residential
(Dollars in thousands)	Segment			Segment			Total
Balance as of October 31, 2015	$	184,766		$	10,767		$	195,533
Translation adjustments	(296		)	(221		)	(517		)

Balance as of July 29, 2016	$	184,470		$	10,546		$	195,016

The components of other intangible assets were as follows:

(Dollars in thousands)	Gross Carrying		Accumulated
July 29, 2016	Amount		Amortization			Net
Patents	$	15,159	$	(10,692	)	$	4,467
Non-compete agreements	6,894		(6,588		)	306
Customer-related	84,427		(13,448		)	70,979
Developed technology	28,694		(22,923		)	5,771
Trade names	28,715		(3,895		)	24,820
Other	800		(800		)	—

Total amortizable	164,689		(58,346		)	106,343
Non-amortizable - trade names	4,442		—			4,442

Total other intangible assets, net	$	169,131	$	(58,346	)	$	110,785

(Dollars in thousands)	Gross Carrying		Accumulated
October 31, 2015	Amount		Amortization			Net
Patents	$	15,191	$	(10,175	)	$	5,016
Non-compete agreements	6,922		(6,206		)	716
Customer-related	84,599		(10,316		)	74,283
Developed technology	28,804		(20,530		)	8,274
Trade names	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 during the first nine months of fiscal 2016 was $8.1 million, compared to $10.0 million for the same period last fiscal year. Estimated amortization expense for the remainder of fiscal 2016 and succeeding fiscal years is as follows: fiscal 2016 (remainder), $2.5 million; fiscal 2017, $9.5 million; fiscal 2018, $7.4 million; fiscal 2019, $6.6 million; fiscal 2020, $6.0 million; fiscal 2021, $5.6 million; and after fiscal 2021, $68.7 million.

- 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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