Goodwill and Other Intangibles Assets

12 Months Ended

Oct. 31, 2013

8. GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The following table shows the changes in the carrying amounts of goodwill by segment:


(in thousands)	Janitorial		Facility Services ⁽¹⁾		Parking		Security		Building & Energy Solutions ⁽¹⁾		Other		Total
Balance at October 31, 2011	$	469,231	$	72,648	$	69,168	$	49,938	$	89,887	$	—	$	750,872
Acquisitions ⁽²⁾		—		—		—		—		1,937		—		1,937
Other		448		—		—		—		(1,647)		—		(1,199)

Balance at October 31, 2012	$	469,679	$	72,648	$	69,168	$	49,938	$	90,177	$	—	$	751,610
Acquisitions ⁽²⁾		—		—		—		—		29,475		91,239		120,714
Foreign Currency Translation		(39)		—		—		—		—		111		72

Balance at October 31, 2013	$	469,640	$	72,648	$	69,168	$	49,938	$	119,652	$	91,350	$	872,396

(1) In connection with the realignment of our organizational structure during 2013, we reallocated our goodwill balances related to the previous Facility Solutions segment to the Facility Services and Building & Energy Solutions segments using the relative fair value approach as of the date of realignment, November 1, 2012.

(2) Goodwill related to acquisitions is discussed in Note 4, “Acquisitions.”

Other Intangible Assets

The following table summarizes other intangible assets, net, by major asset class, at October 31, 2013 and 2012:


	October 31, 2013						October 31, 2012

(in thousands)	Gross Carrying Amount		Accumulated Amortization		Total		Gross Carrying Amount		Accumulated Amortization		Total

Customer contracts and relationships	$	253,810	$	(112,095)	$	141,715	$	200,377	$	(92,605)	$	107,772

Trademarks and trade names		4,220		(2,204)		2,016		1,500		(678)		822

Contract rights and other		1,832		(1,162)		670		1,746		(1,202)		544


Total	$	259,862	$	(115,461)	$	144,401	$	203,623	$	(94,485)	$	109,138

The following table summarizes the estimated annual amortization expense for each of the next five fiscal years for our total amortizable intangible assets:



(in thousands)	2014		2015		2016		2017		2018		Total

Estimated amortization expense	$	26,781	$	22,590	$	19,739	$	17,096	$	14,480	$	100,686

These amounts may vary as acquisition of additional intangible assets occur in the future and as purchase price allocations are finalized for existing acquisitions. Refer to Note 4, “Acquisitions,” for more information on our acquisitions.

- 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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