XML 55 R38.htm IDEA: XBRL DOCUMENT v3.24.4
ACQUISITIONS (Tables)
12 Months Ended
Oct. 31, 2024
Business Acquisition [Line Items]  
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] 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,
202420232022
Customer relationships 111315
Intellectual property111413
Total 111314
Wencor  
Business Acquisition [Line Items]  
Schedule of Fair Value of Total Consideration [Table Text Block]
The following table summarizes the total consideration for the acquisition of Wencor (in thousands):
Cash paid
$1,923,098 
Less: cash acquired
(29,984)
Cash paid, net 1,893,114 
Issuance of common stock for an acquisition161,373 
Additional purchase consideration(121)
Total consideration paid, net$2,054,366 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the allocation of the total consideration for the acquisition of Wencor to the estimated fair values of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands):
Assets acquired:
Goodwill $1,260,085 
Customer relationships 397,400 
Intellectual property120,400 
Trade names53,200 
Inventories250,798 
Accounts receivable105,872 
Property, plant and equipment36,251 
Contract assets5,276 
Other assets 30,230 
Total assets acquired, excluding cash 2,259,512 
Liabilities assumed:
Accrued expenses63,024 
Accounts payable56,187 
Deferred income taxes56,753 
Other liabilities 29,182 
Total liabilities assumed 205,146 
Net assets acquired, excluding cash$2,054,366 
Schedule of Pro Forma Information [Table Text Block]
The following table presents unaudited pro forma financial information for fiscal 2022 as if the acquisition of Wencor had occurred as of November 1, 2021 (in thousands, except per share data):
Year ended,
October 31, 2022
Net sales$2,682,328 
Net income from consolidated operations
$365,189 
Net income attributable to HEICO$326,241 
Net income per share attributable to HEICO shareholders:
Basic
$2.38 
Diluted
$2.34 
Exxelia  
Business Acquisition [Line Items]  
Schedule of Fair Value of Total Consideration [Table Text Block]
The following table summarizes the total consideration for the acquisition of Exxelia (in thousands):
Cash paid
$515,785 
Less: cash acquired
(11,789)
Total consideration paid, net$503,996 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
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 $328,197 
Customer relationships 61,943 
Intellectual property44,044 
Trade names21,703 
Property, plant and equipment54,452 
Inventories50,481 
Accounts receivable41,708 
Other assets 13,946 
Total assets acquired, excluding cash 616,474 
Liabilities assumed:
Deferred income taxes31,327 
Accounts payable21,773 
Accrued expenses 18,159 
Short-term debt15,082 
Other liabilities 13,982 
Total liabilities assumed 100,323 
Noncontrolling interests in consolidated subsidiaries
12,155 
Net assets acquired, excluding cash$503,996 
Other Acquisitions [Member]  
Business Acquisition [Line Items]  
Schedule of Fair Value of Total Consideration [Table Text Block]
The following table summarizes the aggregate total consideration for the Company's other acquisitions based on the year of acquisition (in thousands):
Year ended October 31,
202420232022
Cash paid
$221,239 $20,000 $348,606 
Less: cash acquired
(2,154)— (1,815)
Cash paid, net
219,085 20,000 346,791 
Issuance of common stock for an acquisition— — 75,005 
Contingent consideration
— — 29,732 
Additional purchase consideration
5,028 — 5,758 
Total consideration
$224,113 $20,000 $457,286 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the allocation of the aggregate total consideration for the Company's other acquisitions to the estimated fair values of the tangible and identifiable intangible assets acquired and liabilities and noncontrolling interests assumed (in thousands, and based on the year of acquisition):
Year ended October 31,
202420232022
Assets acquired:
Goodwill $99,237 $8,246 $244,620 
Customer relationships 54,580 8,740 131,479 
Intellectual property39,690 2,870 45,165 
Trade names10,900 — 41,784 
Inventories23,517 86 23,974 
Accounts receivable7,057 — 24,353 
Property, plant and equipment5,154 58 25,974 
Contract assets— — 10,607 
Other assets 1,128 — 5,965 
Total assets acquired, excluding cash 241,263 20,000 553,921 
Liabilities assumed:
Deferred income taxes2,678 — 21,684 
Accrued expenses 3,966 — 10,146 
Accounts payable1,238 — 7,575 
Other liabilities 485 — 560 
Total liabilities assumed 8,367 — 39,965 
Noncontrolling interests in consolidated subsidiaries
8,783 — 56,670 
Net assets acquired, excluding cash$224,113 $20,000 $457,286 
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
The following table summarizes the weighted average amortization period of the definite-lived intangible assets acquired in connection with the Company's other fiscal 2024, 2023 and 2022 acquisitions (in years):
Year ended October 31,
202420232022
Customer relationships 11815
Intellectual property11813