XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Goodwill and Other Intangible Assets | 3 Months Ended
--- | ---
Jan. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and other intangible assets Changes in the carrying amount of goodwill for th e three months ended January 31, 2022 by operating segment were as follows:
|  | Industrial Precision Solutions |  | Advanced Technology Solutions |  | Total
Balance at October 31, 2021 |  | $ | 415,020 |  |  | $ | 1,298,128 |  |  | $ | 1,713,148 |
Acquisitions |  | 129,856 |  |  | — |  |  | 129,856 |
Currency effect |  | (3,700) |  |  | (2,819) |  |  | (6,519) |
Balance at January 31, 2022 |  | $ | 541,176 |  |  | $ | 1,295,309 |  |  | $ | 1,836,485 |
The increase in goodwill for the three months ended January 31, 2022 was due to the acquisition of NDC. See Acquisitions Note for additional details. Information regarding our intangible assets subject to amortization was as follows:
|  | January 31, 2022
|  | Carrying Amount |  | Accumulated Amortization |  | Net Book Value
Customer relationships |  | $ | 491,028 |  |  | $ | 233,565 |  |  | $ | 257,463 |
Patent/technology costs |  | 163,245 |  |  | 91,572 |  |  | 71,673 |
Trade name |  | 84,744 |  |  | 41,166 |  |  | 43,578 |
Non-compete agreements |  | 10,641 |  |  | 9,215 |  |  | 1,426 |
Other |  | 1,401 |  |  | 1,392 |  |  | 9 |
Total |  | $ | 751,059 |  |  | $ | 376,910 |  |  | $ | 374,149 |
|  | October 31, 2021
|  | Carrying Amount |  | Accumulated Amortization |  | Net Book Value
Customer relationships |  | $ | 483,815 |  |  | $ | 226,658 |  |  | $ | 257,157 |
Patent/technology costs |  | 154,267 |  |  | 89,299 |  |  | 64,968 |
Trade name |  | 74,301 |  |  | 39,858 |  |  | 34,443 |
Non-compete agreements |  | 9,896 |  |  | 9,099 |  |  | 797 |
Other |  | 1,385 |  |  | 1,383 |  |  | 2 |
Total |  | $ | 723,664 |  |  | $ | 366,297 |  |  | $ | 357,367 |
Amortization expense for the three months ended January 31, 2022 and 2021 was $13,085 and $13,080, respectively. See Acquisitions Note for details regarding intangibles recorded due to the acquisition of NDC.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration