Goodwill and Other Intangible Assets

6 Months Ended

Apr. 30, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

5.	Goodwill and other intangible assets

Changes in the carrying amount of goodwill for the six months ended April 30, 2020 by operating segment are as follows:

	Industrial Precision Solutions			Advanced Technology Solutions			Total
Balance at October 31, 2019	$	411,461		$	1,203,278		$	1,614,739
Currency effect		(1,954	)		(1,445	)		(3,399	)
Balance at April 30, 2020	$	409,507		$	1,201,833		$	1,611,340

As part of our change in operating segments as described in Note 11, we considered whether the reporting units used for purposes of assessing impairment of goodwill should be changed and concluded that no changes were necessary.

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

	April 30, 2020
	Carrying Amount		Accumulated Amortization		Net Book Value
Customer relationships	$	478,457	$	191,300	$	287,157
Patent/technology costs		154,018		77,121		76,897
Trade name		96,437		44,495		51,942
Non-compete agreements		11,490		10,614		876
Other		1,398		1,393		5
Total	$	741,800	$	324,923	$	416,877

	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
Non-compete agreements		11,540		10,406		1,134
Other		1,400		1,394		6
Total	$	744,337	$	298,762	$	445,575

Amortization expense for the three months ended April 30, 2020 and 2019 was $14,660 and $14,133, respectively. Amortization expense for the six months ended April 30, 2020 and 2019 was $30,833 and $27,762, respectively.