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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jul. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The Company's assets and liabilities that were measured at fair value on a recurring basis are set forth by level within the fair value hierarchy in the following tables (in thousands):

						As of July 31, 2024
						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Total
Assets:
Deferred compensation plan:
Corporate-owned life insurance						$—						$302,432						$—						$302,432
Money market fund						6,771						—						—						6,771
Total assets						$6,771						$302,432						$—						$309,203
Liabilities:
Contingent consideration						$—						$—						$29,253						$29,253

						As of October 31, 2023
						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Total
Assets:
Deferred compensation plan:
Corporate-owned life insurance						$—						$227,710						$—						$227,710
Money market fund						5,829						—						—						5,829
Total assets						$5,829						$227,710						$—						$233,539
Liabilities:
Contingent consideration						$—						$—						$71,136						$71,136

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

The following unobservable inputs were used to derive the estimated fair value of the Company's Level 3 contingent consideration liabilities as of July 31, 2024:

Acquisition						Fair Value						Unobservable												Weighted
Date						(in thousands)						Input						Range						Average (1)
7-18-2022						$21,134						Compound annual revenue growth rate						1% - 11%						6%
												Discount rate						8.7% - 8.7%						8.7%
8-18-2020						8,119						Compound annual revenue growth rate						11% - 13%						12%
												Discount rate						9.8% - 9.8%						9.8%

(1)    Unobservable inputs were weighted by the relative fair value of the contingent consideration liability.

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Changes in the Company’s contingent consideration liabilities measured at fair value on a recurring basis using unobservable inputs (Level 3) for the nine months ended July 31, 2024 are as follows (in thousands):

						Liabilities
Balance as of October 31, 2023						$71,136
Payment of contingent consideration						(31,000)
Decrease in accrued contingent consideration, net						(10,892)
Foreign currency transaction adjustments						9
						$29,253
Included in the accompanying Condensed Consolidated Balance Sheet  under the following captions:
Accrued expenses and other current liabilities						$8,119
Other long-term liabilities						21,134
						$29,253

Schedule of Impaired Intangible Assets

The fair value of this nonfinancial asset as of July 31, 2024, which is classified within Level 3, and the related impairment loss recognized in the third quarter of fiscal 2024 are as follows (in thousands):

Carrying Amount

Impairment Loss

Fair Value (Level 3)

Asset:

Trade name

$7,800

($6,000)

$1,800

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques

The following unobservable inputs were used to derive the estimated fair value of the Level 3 trade name as of July 31, 2024:

Unobservable Input						Rate
Discount rate						15.0%
Royalty rate						1.0%

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis.

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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Tabular disclosure of impaired intangible assets excluding goodwill. This may include a description of the facts and circumstances leading to the recording of impairment charges of intangible assets in the period, the amount of the impairment charges, the methods of determining fair value of the associated assets, the caption in the income statement in which the impairment losses are aggregated, and the segment in which the impaired intangible assets are reported.

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