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Goodwill and Intangible Assets (Tables)
12 Months Ended
Oct. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill during 2019 by operating segment:

 

 

 

Adhesive

Dispensing

Systems

 

 

Advanced

Technology

Systems

 

 

Industrial

Coating

Systems

 

 

Total

 

Balance at October 31, 2018

 

$

388,991

 

 

$

1,194,969

 

 

$

24,058

 

 

$

1,608,018

 

Acquisitions

 

 

 

 

 

9,225

 

 

 

 

 

 

9,225

 

Currency effect

 

 

(1,588

)

 

 

(916

)

 

 

 

 

 

(2,504

)

Balance at October 31, 2019

 

$

387,403

 

 

$

1,203,278

 

 

$

24,058

 

 

$

1,614,739

 

Changes in the carrying amount of goodwill during 2018 by operating segment:

 

 

 

Adhesive

Dispensing

Systems

 

 

Advanced

Technology

Systems

 

 

Industrial

Coating

Systems

 

 

Total

 

Balance at October 31, 2017

 

$

392,295

 

 

$

1,172,857

 

 

$

24,058

 

 

$

1,589,210

 

Acquisition

 

 

 

 

 

24,679

 

 

 

 

 

 

24,679

 

Currency effect

 

 

(3,304

)

 

 

(2,567

)

 

 

 

 

 

(5,871

)

Balance at October 31, 2018

 

$

388,991

 

 

$

1,194,969

 

 

$

24,058

 

 

$

1,608,018

 

Summary of Intangible Assets Subject to Amortization

Information regarding intangible assets subject to amortization:

 

 

 

October 31, 2019

 

 

 

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

Customer relationships

 

$

480,007

 

 

$

173,996

 

 

$

306,011

 

Patent/technology costs

 

 

154,735

 

 

 

71,663

 

 

 

83,072

 

Trade name

 

 

96,655

 

 

 

41,303

 

 

 

55,352

 

Noncompete agreements

 

 

11,540

 

 

 

10,406

 

 

 

1,134

 

Other

 

 

1,400

 

 

 

1,394

 

 

 

6

 

Total

 

$

744,337

 

 

$

298,762

 

 

$

445,575

 

 

 

 

October 31, 2018

 

 

 

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

Customer relationships

 

$

480,404

 

 

$

137,640

 

 

$

342,764

 

Patent/technology costs

 

 

153,602

 

 

 

59,845

 

 

 

93,757

 

Trade name

 

 

96,433

 

 

 

34,768

 

 

 

61,665

 

Noncompete agreements

 

 

11,469

 

 

 

9,919

 

 

 

1,550

 

Other

 

 

1,386

 

 

 

1,381

 

 

 

5

 

Total

 

$

743,294

 

 

$

243,553

 

 

$

499,741

 

 

Estimated Amortization Expense

Estimated amortization expense for each of the five succeeding years:

 

Year

 

Amounts

 

2020

 

$

55,241

 

2021

 

$

49,799

 

2022

 

$

45,794

 

2023

 

$

44,822

 

2024

 

$

42,109