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Goodwill and Other Intangible Assets, Net | 3 Months Ended
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Jan. 28, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets, Net |
5 | Goodwill and Other Intangible Assets, Net
The company's acquisition of Intimidator on January 13, 2022 resulted in the recognition of $155.6 million and $185.9 million of preliminary goodwill and other intangible assets, respectively. For additional information on the company's acquisition of Intimidator, refer to Note 2, Business Combination. Goodwill The changes in the carrying amount of goodwill by reportable segment for the first three months of fiscal 2022 were as follows:
(Dollars in thousands) |  | Professional |  | Residential |  | Other |  | Total
Balance as of October 31, 2021 |  | $ | 411,079 |  |  | $ | 10,601 |  |  | $ | — |  |  | $ | 421,680 |
Goodwill acquired |  | 155,638 |  |  | — |  |  | — |  |  | 155,638 |
Translation adjustments |  | (321) |  |  | (57) |  |  | — |  |  | (378) |
Balance as of January 28, 2022 |  | $ | 566,396 |  |  | $ | 10,544 |  |  | $ | — |  |  | $ | 576,940 |
Other Intangible Assets, Net The components of other intangible assets, net as of January 28, 2022, January 29, 2021, and October 31, 2021 were as follows (in thousands):
January 28, 2022 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18,291 |  |  | $ | (14,858) |  |  | $ | 3,433 |
Non-compete agreements |  | 5.5 |  | 6,921 |  |  | (6,885) |  |  | 36 |
Customer-related |  | 16.0 |  | 322,296 |  |  | (66,325) |  |  | 255,971 |
Developed technology |  | 7.0 |  | 87,427 |  |  | (45,748) |  |  | 41,679 |
Trade names |  | 13.7 |  | 10,762 |  |  | (3,038) |  |  | 7,724 |
Backlog and other |  | 0.7 |  | 6,640 |  |  | (4,390) |  |  | 2,250 |
Total finite-lived |  | 13.5 |  | 452,337 |  |  | (141,244) |  |  | 311,093 |
Indefinite-lived - trade names |  |  |  | 289,704 |  |  | — |  |  | 289,704 |
Total other intangible assets, net |  |  |  | $ | 742,041 |  |  | $ | (141,244) |  |  | $ | 600,797 |
January 29, 2021 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18,275 |  |  | $ | (14,123) |  |  | $ | 4,152 |
Non-compete agreements |  | 5.5 |  | 6,908 |  |  | (6,851) |  |  | 57 |
Customer-related |  | 18.2 |  | 239,816 |  |  | (51,747) |  |  | 188,069 |
Developed technology |  | 7.7 |  | 59,017 |  |  | (36,230) |  |  | 22,787 |
Trade names |  | 15.3 |  | 7,563 |  |  | (2,684) |  |  | 4,879 |
Backlog and other |  | 0.6 |  | 4,390 |  |  | (4,390) |  |  | — |
Total finite-lived |  | 15.3 |  | 335,969 |  |  | (116,025) |  |  | 219,944 |
Indefinite-lived - trade names |  |  |  | 190,643 |  |  | — |  |  | 190,643 |
Total other intangible assets, net |  |  |  | $ | 526,612 |  |  | $ | (116,025) |  |  | $ | 410,587 |
October 31, 2021 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18,283 |  |  | $ | (14,670) |  |  | $ | 3,613 |
Non-compete agreements |  | 5.5 |  | 6,914 |  |  | (6,872) |  |  | 42 |
Customer-related |  | 18.2 |  | 239,679 |  |  | (62,617) |  |  | 177,062 |
Developed technology |  | 7.0 |  | 87,473 |  |  | (43,348) |  |  | 44,125 |
Trade names |  | 15.4 |  | 7,524 |  |  | (2,969) |  |  | 4,555 |
Backlog and other |  | 0.6 |  | 4,390 |  |  | (4,390) |  |  | — |
Total finite-lived |  | 14.6 |  | 364,263 |  |  | (134,866) |  |  | 229,397 |
Indefinite-lived - trade names |  |  |  | 190,644 |  |  | — |  |  | 190,644 |
Total other intangible assets, net |  |  |  | $ | 554,907 |  |  | $ | (134,866) |  |  | $ | 420,041 |
Amortization expense for finite-lived intangible assets for the three months ended January 28, 2022 and January 29, 2021 were $6.5 million and $4.9 million, respectively. Estimated amortization expense for the remainder of fiscal 2022 and succeeding fiscal years is as follows: fiscal 2022 (remainder), $27.2 million; fiscal 2023, $32.7 million; fiscal 2024, $30.7 million; fiscal 2025, $28.2 million; fiscal 2026, $27.2 million; fiscal 2027, $22.7 million; and after fiscal 2027, $142.4 million.

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