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Goodwill and Other Intangible Assets | 6 Months Ended
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Apr. 29, 2016
Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets | Note 5 — Goodwill and Other Intangible Assets The changes in the net carrying amount of goodwill for the first six months of fiscal 2016 were as follows:
|  | Professional |  | Residential |  |  |
(Dollars in thousands) |  | Segment |  | Segment |  | Total |
Balance as of October 31, 2015 |  | $ | 184,766 |  | $ | 10,767 |  | $ | 195,533 |
Translation adjustments |  | (110 | ) | (65 | ) | (175 | )
Balance as of April 29, 2016 |  | $ | 184,656 |  | $ | 10,702 |  | $ | 195,358 |
The components of other intangible assets were as follows:
(Dollars in thousands) |  | Weighted-average |  | Gross Carrying |  | Accumulated |  |  |
April 29, 2016 |  | Life (Years) |  | Amount |  | Amortization |  | Net |
Patents |  | 9.9 |  | $ | 15,175 |  | $ | (10,524 | ) | $ | 4,651 |
Non-compete agreements |  | 5.5 |  | 6,907 |  | (6,474 | ) | 433 |
Customer-related |  | 19.1 |  | 84,528 |  | (12,482 | ) | 72,046 |
Developed technology |  | 7.6 |  | 28,757 |  | (22,152 | ) | 6,605 |
Trade names |  | 19.2 |  | 28,715 |  | (3,555 | ) | 25,160 |
Other |  |  |  | 800 |  | (800 | ) | — |
Total amortizable |  |  |  | 164,882 |  | (55,987 | ) | 108,895 |
Non-amortizable - trade names |  |  |  | 4,675 |  | — |  | 4,675 |
Total other intangible assets, net |  |  |  | $ | 169,557 |  | $ | (55,987 | ) | $ | 113,570 |
(Dollars in thousands) |  | Weighted-average |  | Gross Carrying |  | Accumulated |  |  |
October 31, 2015 |  | Life (Years) |  | Amount |  | Amortization |  | Net |
Patents |  | 9.9 |  | $ | 15,191 |  | $ | (10,175 | ) | $ | 5,016 |
Non-compete agreements |  | 5.5 |  | 6,922 |  | (6,206 | ) | 716 |
Customer-related |  | 19.1 |  | 84,599 |  | (10,316 | ) | 74,283 |
Developed technology |  | 7.6 |  | 28,804 |  | (20,530 | ) | 8,274 |
Trade names |  | 19.2 |  | 28,715 |  | (2,825 | ) | 25,890 |
Other |  |  |  | 800 |  | (800 | ) | — |
Total amortizable |  |  |  | 165,031 |  | (50,852 | ) | 114,179 |
Non-amortizable - trade names |  |  |  | 4,831 |  | — |  | 4,831 |
Total other intangible assets, net |  |  |  | $ | 169,862 |  | $ | (50,852 | ) | $ | 119,010 |
During the second quarter of fiscal 2015, the company determined certain amortizable intangible assets were impaired based on its assessment that the carrying amount may not be recovered. Based on the company’s impairment analysis, the company wrote down $1.4 million of other intangible assets. Amortization expense for intangible assets during the first six months of fiscal 201 6 was $5.6 million, compared to $5.3 million for the same period last fiscal year. Estimated amortization expense for the remainder of fiscal 201 6 and succeeding fiscal years is as follows: fiscal 2016 (remainder), $5.1 million; fiscal 2017, $9.4 million; fiscal 2018, $7.4 million; fiscal 2019, $6.6 million; fiscal 2020, $6.0 million; fiscal 202 1, $5.6 million; and after fiscal 202 1, $68.8 million.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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