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ACQUISITIONS (Tables) | 3 Months Ended
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Jan. 31, 2023
Business Acquisition [Line Items] |
Schedule of Fair Value of Total Consideration | The following table summarizes the total consideration for the acquisition of Exxelia (in thousands):
Cash paid |  | $515,785 |
Less: cash acquired |  | (14,257) |
Total consideration paid, net |  | $501,528 |
Exxelia [Member] |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of the total consideration for the acquisition of Exxelia to the estimated fair values of the tangible and identifiable intangible assets acquired and liabilities and noncontrolling interests assumed (in thousands):
Assets acquired: |  |
Goodwill |  | $306,356 |
Customer relationships |  | 66,844 |
Intellectual property |  | 56,307 |
Trade name |  | 29,271 |
Inventories |  | 55,875 |
Property, plant and equipment |  | 43,704 |
Accounts receivable |  | 21,056 |
Other assets |  | 17,031 |
Total assets acquired, excluding cash |  | 596,444 |
Liabilities assumed: |  |
Deferred income taxes |  | 40,593 |
Accounts payable |  | 18,671 |
Accrued expenses |  | 15,004 |
Other liabilities |  | 8,585 |
Total liabilities assumed |  | 82,853 |
Noncontrolling interests in consolidated subsidiaries |  | 12,063 |
Net assets acquired, excluding cash |  | $501,528 |
Business Acquisition, Pro Forma Information | The following table presents unaudited pro forma financial information for the three months ended January 31, 2023 and January 31, 2022 as if the acquisition of Exxelia had occurred as of November 1, 2021 (in thousands, except per share data):
| Three months ended
| January 31, 2023 |  | January 31, 2022
Net sales | $660,318 |  |  | $539,014 |
Net income from consolidated operations | $119,116 |  |  | $87,151 |
Net income attributable to HEICO | $108,417 |  |  | $79,993 |
Net income per share attributable to HEICO shareholders: |  |  |
Basic | $.79 |  |  | $.59 |
Diluted | $.78 |  |  | $.58 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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