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v3.22.1

Goodwill and Other Intangible Assets, Net (Tables) | 6 Months Ended
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Apr. 29, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The changes in the carrying amount of goodwill by reportable segment for the first six 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 |  | 160,829 |  |  | — |  |  | — |  |  | 160,829 |
Translation adjustments |  | (1,033) |  |  | (158) |  |  | — |  |  | (1,191) |
Balance as of April 29, 2022 |  | $ | 570,875 |  |  | $ | 10,443 |  |  | $ | — |  |  | $ | 581,318 |
Schedule of Finite-Lived Intangible Assets | The components of other intangible assets, net as of April 29, 2022, April 30, 2021, and October 31, 2021 were as follows (in thousands):
April 29, 2022 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18,269 |  |  | $ | (15,015) |  |  | $ | 3,254 |
Non-compete agreements |  | 5.5 |  | 6,902 |  |  | (6,870) |  |  | 32 |
Customer-related |  | 16.0 |  | 321,242 |  |  | (72,197) |  |  | 249,045 |
Developed technology |  | 7.0 |  | 87,286 |  |  | (47,975) |  |  | 39,311 |
Trade names |  | 13.7 |  | 10,714 |  |  | (3,141) |  |  | 7,573 |
Backlog and other |  | 0.6 |  | 5,730 |  |  | (4,879) |  |  | 851 |
Total finite-lived |  | 13.6 |  | 450,143 |  |  | (150,077) |  |  | 300,066 |
Indefinite-lived - trade names |  |  |  | 289,542 |  |  | — |  |  | 289,542 |
Total other intangible assets, net |  |  |  | $ | 739,685 |  |  | $ | (150,077) |  |  | $ | 589,608 |
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 |
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 |
Schedule of Indefinite-Lived Intangible Assets | The components of other intangible assets, net as of April 29, 2022, April 30, 2021, and October 31, 2021 were as follows (in thousands):
April 29, 2022 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18,269 |  |  | $ | (15,015) |  |  | $ | 3,254 |
Non-compete agreements |  | 5.5 |  | 6,902 |  |  | (6,870) |  |  | 32 |
Customer-related |  | 16.0 |  | 321,242 |  |  | (72,197) |  |  | 249,045 |
Developed technology |  | 7.0 |  | 87,286 |  |  | (47,975) |  |  | 39,311 |
Trade names |  | 13.7 |  | 10,714 |  |  | (3,141) |  |  | 7,573 |
Backlog and other |  | 0.6 |  | 5,730 |  |  | (4,879) |  |  | 851 |
Total finite-lived |  | 13.6 |  | 450,143 |  |  | (150,077) |  |  | 300,066 |
Indefinite-lived - trade names |  |  |  | 289,542 |  |  | — |  |  | 289,542 |
Total other intangible assets, net |  |  |  | $ | 739,685 |  |  | $ | (150,077) |  |  | $ | 589,608 |
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 |
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 |

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