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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Oct. 31, 2024
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 during fiscal 2024 and 2023 are as follows (in thousands):
| Segment |  | Consolidated
| FSG |  | ETG |  | Totals
Balances as of October 31, 2022 | $561,961 |  |  | $1,110,464 |  |  | $1,672,425 |
Goodwill acquired | 1,260,507 |  |  | 335,630 |  |  | 1,596,137 |
Foreign currency translation adjustments | 2,793 |  |  | 2,394 |  |  | 5,187 |
Adjustments to goodwill | (956) |  |  | 1,534 |  |  | 578 |
Balances as of October 31, 2023 | 1,824,305 |  |  | 1,450,022 |  |  | 3,274,327 |
Goodwill acquired | 57,978 |  |  | 41,259 |  |  | 99,237 |
Foreign currency translation adjustments | 696 |  |  | 5,643 |  |  | 6,339 |
Adjustments to goodwill | (421) |  |  | 813 |  |  | 392 |
Balances as of October 31, 2024 | $1,882,558 |  |  | $1,497,737 |  |  | $3,380,295 |
The goodwill acquired during fiscal 2024 and 2023 pertains to the acquisitions consummated in those respective years as 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 Consolidated Statements of Comprehensive Income. The adjustments to goodwill in fiscal 2024 and 2023 represent immaterial measurement period adjustments to the allocation of the purchase consideration of the respective prior year acquisitions. The Company estimates that $80 million and $131 million of the goodwill acquired in fiscal 2024 and 2023, respectively, will be deductible for income tax purposes. Based on the annual test for goodwill impairment as of October 31, 2024, the Company determined there was no impairment of its goodwill. Identifiable intangible assets consist of the following (in thousands):
| As of October 31, 2024 |  | As of October 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortizing Assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $1,013,847 |  |  | ($307,531) |  |  | $706,316 |  |  | $967,090 |  |  | ($227,089) |  |  | $740,001 |
Intellectual property | 471,516 |  |  | (137,188) |  |  | 334,328 |  |  | 448,336 |  |  | (121,503) |  |  | 326,833 |
Other | 8,575 |  |  | (7,708) |  |  | 867 |  |  | 8,685 |  |  | (7,404) |  |  | 1,281 |
| 1,493,938 |  |  | (452,427) |  |  | 1,041,511 |  |  | 1,424,111 |  |  | (355,996) |  |  | 1,068,115 |
Non-Amortizing Assets: |  |  |  |  |  |  |  |  |  |  |
Trade names | 293,263 |  |  | — |  |  | 293,263 |  |  | 289,166 |  |  | — |  |  | 289,166 |
| $1,787,201 |  |  | ($452,427) |  |  | $1,334,774 |  |  | $1,713,277 |  |  | ($355,996) |  |  | $1,357,281 |
During fiscal 2024, the Company recognized impairment losses aggregating $7.5 million from the write-down of trade names at two ETG subsidiaries due to a reduction in the expected future cash flows associated with each such intangible asset. The impairment losses were recorded as a component of SG&A expenses in the Company's Consolidated Statement of Operations. See Note 8, Fair Value Measurements, for additional information regarding the Company’s impairment losses. As further disclosed in Note 2, Acquisitions, the following table summarizes the weighted average amortization period of the definite-lived intangible assets acquired in total and by major asset class in connection with the Company's fiscal 2024, 2023 and 2022 acquisitions (in years):
| Year ended October 31,
| 2024 |  | 2023 |  | 2022
Customer relationships | 11 |  | 13 |  | 15
Intellectual property | 11 |  | 14 |  | 13
Total | 11 |  | 13 |  | 14
Amortization expense related to intangible assets was $122.3 million, $85.9 million and $62.5 million in fiscal 2024, 2023 and 2022, respectively. Amortization expense for each of the next five fiscal years and thereafter is estimated to be $122.5 million in fiscal 2025, $116.8 million in fiscal 2026, $112.0 million in fiscal 2027, $106.0 million in fiscal 2028, $100.5 million in fiscal 2029 and $483.7 million thereafter.

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