XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.21.1

Goodwill and Other Intangible Assets, Net | 6 Months Ended
--- | ---
Apr. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets, Net |
5 | Goodwill and Other Intangible Assets, Net
Goodwill The changes in the carrying amount of goodwill by reportable segment for the first six months of fiscal 2021 were as follows:
(Dollars in thousands) |  | Professional |  | Residential |  | Other |  | Total
Balance as of October 31, 2020 |  | $ | 412,061 |  |  | $ | 10,480 |  |  | $ | 1,534 |  |  | $ | 424,075 |
Purchase price allocation adjustment |  | (1,027) |  |  | — |  |  | — |  |  | (1,027) |
Goodwill divested |  | — |  |  | — |  |  | (1,534) |  |  | (1,534) |
Translation adjustments |  | 568 |  |  | 168 |  |  | — |  |  | 736 |
Balance as of April 30, 2021 |  | $ | 411,602 |  |  | $ | 10,648 |  |  | $ | — |  |  | $ | 422,250 |
Other Intangible Assets, Net The components of other intangible assets, net as of April 30, 2021, May 1, 2020, and October 31, 2020 were as follows (in thousands):
April 30, 2021 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18,276 |  |  | $ | (14,304) |  |  | $ | 3,972 |
Non-compete agreements |  | 5.5 |  | 6,908 |  |  | (6,856) |  |  | 52 |
Customer-related |  | 18.2 |  | 239,838 |  |  | (55,407) |  |  | 184,431 |
Developed technology |  | 7.0 |  | 87,551 |  |  | (38,535) |  |  | 49,016 |
Trade names |  | 15.3 |  | 7,563 |  |  | (2,792) |  |  | 4,771 |
Backlog and other |  | 0.6 |  | 4,390 |  |  | (4,390) |  |  | — |
Total finite-lived |  | 14.6 |  | 364,526 |  |  | (122,284) |  |  | 242,242 |
Indefinite-lived - trade names |  |  |  | 190,687 |  |  | — |  |  | 190,687 |
Total other intangible assets, net |  |  |  | $ | 555,213 |  |  | $ | (122,284) |  |  | $ | 432,929 |
May 1, 2020 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18,227 |  |  | $ | (13,494) |  |  | $ | 4,733 |
Non-compete agreements |  | 5.5 |  | 6,865 |  |  | (6,794) |  |  | 71 |
Customer-related |  | 18.2 |  | 239,383 |  |  | (40,555) |  |  | 198,828 |
Developed technology |  | 7.6 |  | 51,854 |  |  | (33,199) |  |  | 18,655 |
Trade names |  | 15.4 |  | 7,476 |  |  | (2,304) |  |  | 5,172 |
Backlog and other |  | 0.6 |  | 4,390 |  |  | (4,390) |  |  | — |
Total finite-lived |  | 15.5 |  | 328,195 |  |  | (100,736) |  |  | 227,459 |
Indefinite-lived - trade names |  |  |  | 190,427 |  |  | — |  |  | 190,427 |
Total other intangible assets, net |  |  |  | $ | 518,622 |  |  | $ | (100,736) |  |  | $ | 417,886 |
October 31, 2020 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18,257 |  |  | $ | (13,919) |  |  | $ | 4,338 |
Non-compete agreements |  | 5.5 |  | 6,892 |  |  | (6,831) |  |  | 61 |
Customer-related |  | 18.2 |  | 239,634 |  |  | (48,005) |  |  | 191,629 |
Developed technology |  | 7.6 |  | 51,995 |  |  | (35,208) |  |  | 16,787 |
Trade names |  | 15.4 |  | 7,530 |  |  | (2,552) |  |  | 4,978 |
Backlog and other |  | 0.6 |  | 4,390 |  |  | (4,390) |  |  | — |
Total finite-lived |  | 15.5 |  | 328,698 |  |  | (110,905) |  |  | 217,793 |
Indefinite-lived - trade names |  |  |  | 190,512 |  |  | — |  |  | 190,512 |
Total other intangible assets, net |  |  |  | $ | 519,210 |  |  | $ | (110,905) |  |  | $ | 408,305 |
For the three and six months ended April 30, 2021, amortization expense for finite-lived intangible assets was $6.2 million and $11.1 million, respectively. For the three and six months ended May 1, 2020, amortization expense for finite-lived intangible assets was $4.9 million and $9.6 million, respectively. Estimated amortization expense for the remainder of fiscal 2021 and succeeding fiscal years is as follows: fiscal 2021 (remainder), $12.7 million; fiscal 2022, $24.2 million; fiscal 2023, $22.4 million; fiscal 2024, $21.4 million; fiscal 2025, $19.8 million; fiscal 2026, $19.1 million; and after fiscal 2026, $122.6 million.

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