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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Oct. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Changes in Carrying Amount of Goodwill | Changes in the carrying amount of goodwill during 2023 by operating segment:
| Industrial Precision Solutions |  | Medical Fluid Systems |  | Advanced Technology Systems |  |  |  | Total
Balance at October 31, 2022 | $ | 520,236 |  |  | $ | 1,172,069 |  |  | $ | 112,388 |  |  |  |  | $ | 1,804,693 |
Acquisitions | 694,900 |  |  | — |  |  | 285,330 |  |  |  |  | 980,230 |
Currency effect | (6,140) |  |  | 1,789 |  |  | 3,629 |  |  |  |  | (722) |
Balance at October 31, 2023 | $ | 1,208,996 |  |  | $ | 1,173,858 |  |  | $ | 401,347 |  |  |  |  | $ | 2,784,201 |
The increase in goodwill for 2023 was due to the acquisition of CyberOptics and the ARAG Group. See Note 3 for additional details. Changes in the carrying amount of goodwill during 2022 by operating segment:
| Industrial Precision Solutions |  | Medical Fluid Systems |  | Advanced Technology Systems |  |  |  | Total
Balance at October 31, 2021 | $ | 415,020 |  |  | $ | 1,176,149 |  |  | $ | 121,979 |  |  |  |  | $ | 1,713,148 |
Acquisitions | 131,129 |  |  | — |  |  | — |  |  |  |  | 131,129 |
Currency effect | (25,913) |  |  | (4,080) |  |  | (9,591) |  |  |  |  | (39,584) |
Balance at October 31, 2022 | $ | 520,236 |  |  | $ | 1,172,069 |  |  | $ | 112,388 |  |  |  |  | $ | 1,804,693 |
Summary of Intangible Assets Subject to Amortization | Information regarding intangible assets subject to amortization:
| October 31, 2023
| Carrying Amount |  | Accumulated Amortization |  | Net Book Value
Customer relationships | $ | 794,706 |  |  | $ | 287,585 |  |  | $ | 507,121 |
Patent/technology costs | 204,905 |  |  | 112,994 |  |  | 91,911 |
Trade names | 125,692 |  |  | 52,488 |  |  | 73,204 |
Noncompete agreements | 10,028 |  |  | 9,521 |  |  | 507 |
Other | 182 |  |  | 181 |  |  | 1 |
Total | $ | 1,135,513 |  |  | $ | 462,769 |  |  | $ | 672,744 |
| October 31, 2022
| Carrying Amount |  | Accumulated Amortization |  | Net Book Value
Customer relationships | $ | 480,058 |  |  | $ | 250,798 |  |  | $ | 229,260 |
Patent/technology costs | 157,549 |  |  | 96,426 |  |  | 61,123 |
Trade names | 82,759 |  |  | 44,707 |  |  | 38,052 |
Noncompete agreements | 10,253 |  |  | 9,290 |  |  | 963 |
Other | 446 |  |  | 442 |  |  | 4 |
Total | $ | 731,065 |  |  | $ | 401,663 |  |  | $ | 329,402 |
Estimated Amortization Expense | Estimated amortization expense for each of the five succeeding years:
Year |  | Amounts
2024 |  | $ | 75,447 |
2025 |  | 71,291 |
2026 |  | 67,226 |
2027 |  | 63,353 |
2028 |  | 60,135 |

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