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Goodwill and Other Intangible Assets
3 Months Ended
Jan. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

6.

Goodwill and other intangible assets  

Changes in the carrying amount of goodwill for the three months ended January 31, 2019 by operating segment are as follows:

 

 

 

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

 

 

 

 

 

870

 

 

 

 

 

 

870

 

Currency effect

 

 

1,377

 

 

 

1,089

 

 

 

 

 

 

2,466

 

Balance at January 31, 2019

 

$

390,368

 

 

$

1,196,928

 

 

$

24,058

 

 

$

1,611,354

 

 

Accumulated impairment losses, which were recorded in 2009, were $232,789 at January 31, 2019 and October 31, 2018.  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:

 

 

 

January 31, 2019

 

 

 

Carrying Amount

 

 

Accumulated

Amortization

 

 

Net Book Value

 

Customer relationships

 

$

480,719

 

 

$

147,176

 

 

$

333,543

 

Patent/technology costs

 

 

154,473

 

 

 

63,156

 

 

 

91,317

 

Trade name

 

 

96,468

 

 

 

36,478

 

 

 

59,990

 

Non-compete agreements

 

 

11,572

 

 

 

10,084

 

 

 

1,488

 

Other

 

 

1,399

 

 

 

1,395

 

 

 

4

 

Total

 

$

744,631

 

 

$

258,289

 

 

$

486,342

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Non-compete agreements

 

 

11,469

 

 

 

9,919

 

 

 

1,550

 

Other

 

 

1,386

 

 

 

1,381

 

 

 

5

 

Total

 

$

743,294

 

 

$

243,553

 

 

$

499,741

 

 

Amortization expense for the three months ended January 31, 2019 and 2018 was $13,629 and $13,889, respectively.