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GOODWILL AND OTHER INTANGIBLE ASSETS | 9 Months Ended
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Jul. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | GOODWILL AND OTHER INTANGIBLE ASSETS Changes in the carrying amount of goodwill by operating segment for the nine months ended July 31, 2022 are as follows (in thousands):
| Segment |  | Consolidated Totals
| FSG |  | ETG |
Balances as of October 31, 2021 | $468,288 |  |  | $982,107 |  |  | $1,450,395 |
Goodwill acquired | 107,265 |  |  | 2,652 |  |  | 109,917 |
Foreign currency translation adjustments | (5,288) |  |  | (6,527) |  |  | (11,815) |
Adjustments to goodwill | (6,911) |  |  | (109) |  |  | (7,020) |
Balances as of July 31, 2022 | $563,354 |  |  | $978,123 |  |  | $1,541,477 |
The goodwill acquired pertains to the fiscal 2022 acquisitions described in Note 2, Acquisitions, and represents the residual value after the allocation of the total consideration to the tangible and identifiable intangible assets acquired and liabilities and noncontrolling interests assumed. Foreign currency translation adjustments are included in other comprehensive income (loss) in the Company's Condensed Consolidated Statements of Comprehensive Income. The adjustments to goodwill principally reflect a measurement period adjustment of the write-up to fair value of property, plant and equipment associated with a fiscal 2021 acquisition. The Company estimates that $108 million of the goodwill acquired in fiscal 2022 will be deductible for income tax purposes. Identifiable intangible assets consist of the following (in thousands):
|  | As of July 31, 2022 |  | As of October 31, 2021
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortizing Assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $480,195 |  |  | ($197,070) |  |  | $283,125 |  |  | $464,506 |  |  | ($221,098) |  |  | $243,408 |
Intellectual property |  | 263,382 |  |  | (106,013) |  |  | 157,369 |  |  | 255,011 |  |  | (94,313) |  |  | 160,698 |
Licenses |  | 6,559 |  |  | (5,344) |  |  | 1,215 |  |  | 6,559 |  |  | (5,072) |  |  | 1,487 |
Patents |  | 1,109 |  |  | (801) |  |  | 308 |  |  | 1,110 |  |  | (793) |  |  | 317 |
Non-compete agreements |  | 641 |  |  | (641) |  |  | — |  |  | 722 |  |  | (722) |  |  | — |
Trade names |  | 300 |  |  | (133) |  |  | 167 |  |  | 450 |  |  | (257) |  |  | 193 |
|  | 752,186 |  |  | (310,002) |  |  | 442,184 |  |  | 728,358 |  |  | (322,255) |  |  | 406,103 |
Non-Amortizing Assets: |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  | 196,366 |  |  | — |  |  | 196,366 |  |  | 176,204 |  |  | — |  |  | 176,204 |
|  | $948,552 |  |  | ($310,002) |  |  | $638,550 |  |  | $904,562 |  |  | ($322,255) |  |  | $582,307 |
Amortization expense related to intangible assets for the nine months ended July 31, 2022 and 2021 was $45.4 million and $45.5 million, respectively. Amortization expense related to intangible assets for the three months ended July 31, 2022 and 2021 was $15.2 million. Amortization expense related to intangible assets for the remainder of fiscal 2022 is estimated to be $15.5 million. Amortization expense for each of the next five fiscal years and thereafter is estimated to be $58.3 million in fiscal 2023, $53.3 million in fiscal 2024, $48.9 million in fiscal 2025, $44.4 million in fiscal 2026, $41.5 million in fiscal 2027, and $180.3 million thereafter.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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