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GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended
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Apr. 30, 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 for the six months ended April 30, 2024 are as follows (in thousands):
| Segment |  | Consolidated Totals
| FSG |  | ETG |
Balances as of October 31, 2023 | $1,824,305 |  |  | $1,450,022 |  |  | $3,274,327 |
Goodwill acquired | 7,577 |  |  | — |  |  | 7,577 |
Foreign currency translation adjustments | 649 |  |  | 2,190 |  |  | 2,839 |
Adjustments to goodwill | (88) |  |  | 813 |  |  | 725 |
Balances as of April 30, 2024 | $1,832,443 |  |  | $1,453,025 |  |  | $3,285,468 |
The goodwill acquired pertains to the fiscal 2024 acquisition described in Note 2, Acquisition, and represents the residual value after the allocation of the total consideration to the tangible and identifiable intangible assets acquired. The Company estimates that $7 million of the goodwill acquired in fiscal 2024 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 allocation of the purchase consideration of certain fiscal 2023 acquisitions. Identifiable intangible assets consist of the following (in thousands):
|  | As of April 30, 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 |  | $988,166 |  |  | ($271,612) |  |  | $716,554 |  |  | $967,090 |  |  | ($227,089) |  |  | $740,001 |
Intellectual property |  | 446,307 |  |  | (120,027) |  |  | 326,280 |  |  | 448,336 |  |  | (121,503) |  |  | 326,833 |
Other |  | 8,627 |  |  | (7,559) |  |  | 1,068 |  |  | 8,685 |  |  | (7,404) |  |  | 1,281 |
|  | 1,443,100 |  |  | (399,198) |  |  | 1,043,902 |  |  | 1,424,111 |  |  | (355,996) |  |  | 1,068,115 |
Non-Amortizing Assets: |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  | 289,435 |  |  | — |  |  | 289,435 |  |  | 289,166 |  |  | — |  |  | 289,166 |
|  | $1,732,535 |  |  | ($399,198) |  |  | $1,333,337 |  |  | $1,713,277 |  |  | ($355,996) |  |  | $1,357,281 |
Amortization expense related to intangible assets for the six months ended April 30, 2024 and 2023 was $60.8 million and $36.9 million, respectively. Amortization expense related to intangible assets for the three months ended April 30, 2024 and 2023 was $30.6 million and $19.1 million, respectively. Amortization expense related to intangible assets for the remainder of fiscal 2024 is estimated to be $60.4 million. Amortization expense for each of the next five fiscal years and thereafter is estimated to be $116.2 million in fiscal 2025, $110.5 million in fiscal 2026, $106.1 million in fiscal 2027, $100.6 million in fiscal 2028, $95.1 million in fiscal 2029, and $455.0 million thereafter.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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