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GOODWILL AND OTHER INTANGIBLE ASSETS | 9 Months Ended
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Jul. 31, 2023
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, 2023 are as follows (in thousands):
| Segment |  | Consolidated Totals
| FSG |  | ETG |
Balances as of October 31, 2022 | $561,961 |  |  | $1,110,464 |  |  | $1,672,425 |
Goodwill acquired | — |  |  | 335,318 |  |  | 335,318 |
Foreign currency translation adjustments | 4,267 |  |  | 12,972 |  |  | 17,239 |
Adjustments to goodwill | (956) |  |  | 2,253 |  |  | 1,297 |
Balances as of July 31, 2023 | $565,272 |  |  | $1,461,007 |  |  | $2,026,279 |
The goodwill acquired pertains to the fiscal 2023 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. The Company estimates that $21 million of the goodwill acquired in fiscal 2023 will be deductible for income tax purposes. 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 represent immaterial measurement period adjustments to the purchase consideration allocation of certain fiscal 2022 acquisitions. Identifiable intangible assets consist of the following (in thousands):
|  | As of July 31, 2023 |  | As of October 31, 2022
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortizing Assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $572,071 |  |  | ($205,964) |  |  | $366,107 |  |  | $539,529 |  |  | ($208,127) |  |  | $331,402 |
Intellectual property |  | 330,103 |  |  | (114,218) |  |  | 215,885 |  |  | 284,171 |  |  | (98,983) |  |  | 185,188 |
Other |  | 8,703 |  |  | (7,308) |  |  | 1,395 |  |  | 8,700 |  |  | (7,017) |  |  | 1,683 |
|  | 910,877 |  |  | (327,490) |  |  | 583,387 |  |  | 832,400 |  |  | (314,127) |  |  | 518,273 |
Non-Amortizing Assets: |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  | 239,158 |  |  | — |  |  | 239,158 |  |  | 215,054 |  |  | — |  |  | 215,054 |
|  | $1,150,035 |  |  | ($327,490) |  |  | $822,545 |  |  | $1,047,454 |  |  | ($314,127) |  |  | $733,327 |
The increase in the gross carrying amount of customer relationships, intellectual property and trade names as of July 31, 2023 compared to October 31, 2022 principally relates to such intangible assets recognized in connection with the fiscal 2023 acquisitions (see Note 2, Acquisitions), net of the write-off of fully amortized customer relationship intangible assets previously recognized in connection with certain historical acquisitions. Amortization expense related to intangible assets for the nine months ended July 31, 2023 and 2022 was $55.5 million and $45.4 million, respectively. Amortization expense for the three months ended July 31, 2023 and 2022 was $18.6 million and $15.2 million, respectively. Amortization expense for the remainder of fiscal 2023 is estimated to be $18.7 million. Amortization expense for each of the next five fiscal years and thereafter is estimated to be $71.2 million in fiscal 2024, $66.4 million in fiscal 2025, $61.7 million in fiscal 2026, $58.3 million in fiscal 2027, $53.8 million in fiscal 2028, and $253.3 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 -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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