Goodwill and Other Intangible Assets

9 Months Ended

Jul. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

6.	Goodwill and other intangible assets

Changes in the carrying amount of goodwill for the nine months ended July 31, 2017 by operating segment are as follows:

	Adhesive Dispensing Systems		Advanced Technology Systems		Industrial Coating Systems		Total
Balance at October 31, 2016	$	385,733	$	697,346	$	24,058	$	1,107,137
Acquisitions		—		466,513		—		466,513
Currency effect		8,501		4,804		—		13,305
Balance at July 31, 2017	$	394,234	$	1,168,663	$	24,058	$	1,586,955

Accumulated impairment losses, which were recorded in 2009, were $232,789 at July 31, 2017 and October 31, 2016. Of these losses, $229,173 related to the Advanced Technology Systems segment, and $3,616 related to the Industrial Coating Systems segment.

Information regarding our intangible assets subject to amortization is as follows:

	July 31, 2017
	Carrying Amount		Accumulated Amortization		Net Book Value
Customer relationships	$	480,164	$	93,229	$	386,935
Patent/technology costs		150,716		45,886		104,830
Trade name		93,581		26,843		66,738
Non-compete agreements		11,191		9,160		2,031
Other		1,390		1,387		3
Total	$	737,042	$	176,505	$	560,537

	October 31, 2016
	Carrying Amount		Accumulated Amortization		Net Book Value
Customer relationships	$	207,493	$	71,608	$	135,885
Patent/technology costs		97,640		37,873		59,767
Trade name		85,271		22,140		63,131
Non-compete agreements		9,855		8,347		1,508
Other		1,400		1,389		11
Total	$	401,659	$	141,357	$	260,302

Amortization expense for the three months ended July 31, 2017 and 2016 was $13,689 and $7,707, respectively. Amortization expense for the nine months ended July 31, 2017 and 2016 was $31,478 and $22,312, respectively.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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