XML 23 R14.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Goodwill and Other Intangible Assets, Net | 9 Months Ended
--- | ---
Jul. 29, 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 $163.7 million and $184.2 million of goodwill and other intangible assets, respectively. For additional information on the company's acquisition of Intimidator, refer to Note 2, Business Combinations and Asset Acquisitions. Goodwill The changes in the carrying amount of goodwill by reportable segment for the first nine 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 |  | 163,731 |  |  | — |  |  | — |  |  | 163,731 |
Translation adjustments |  | (1,395) |  |  | (213) |  |  | — |  |  | (1,608) |
Balance as of July 29, 2022 |  | $ | 573,415 |  |  | $ | 10,388 |  |  | $ | — |  |  | $ | 583,803 |
Other Intangible Assets, Net The components of other intangible assets, net as of July 29, 2022, July 30, 2021, and October 31, 2021 were as follows (in thousands):
July 29, 2022 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18,252 |  |  | $ | (15,178) |  |  | $ | 3,074 |
Non-compete agreements |  | 5.5 |  | 6,887 |  |  | (6,861) |  |  | 26 |
Customer-related |  | 16.0 |  | 321,113 |  |  | (78,017) |  |  | 243,096 |
Developed technology |  | 7.1 |  | 102,013 |  |  | (50,412) |  |  | 51,601 |
Trade names |  | 13.7 |  | 10,689 |  |  | (3,267) |  |  | 7,422 |
Backlog and other |  | 0.6 |  | 5,730 |  |  | (5,280) |  |  | 450 |
Total finite-lived |  | 13.4 |  | 464,684 |  |  | (159,015) |  |  | 305,669 |
Indefinite-lived - trade names |  |  |  | 289,472 |  |  | — |  |  | 289,472 |
Total other intangible assets, net |  |  |  | $ | 754,156 |  |  | $ | (159,015) |  |  | $ | 595,141 |
July 30, 2021 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18,275 |  |  | $ | (14,482) |  |  | $ | 3,793 |
Non-compete agreements |  | 5.5 |  | 6,908 |  |  | (6,861) |  |  | 47 |
Customer-related |  | 18.2 |  | 239,762 |  |  | (59,017) |  |  | 180,745 |
Developed technology |  | 7.0 |  | 87,512 |  |  | (40,943) |  |  | 46,569 |
Trade names |  | 15.3 |  | 7,544 |  |  | (2,882) |  |  | 4,662 |
Backlog and other |  | 0.6 |  | 4,390 |  |  | (4,390) |  |  | — |
Total finite-lived |  | 14.6 |  | 364,391 |  |  | (128,575) |  |  | 235,816 |
Indefinite-lived - trade names |  |  |  | 190,681 |  |  | — |  |  | 190,681 |
Total other intangible assets, net |  |  |  | $ | 555,072 |  |  | $ | (128,575) |  |  | $ | 426,497 |
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 and nine months ended July 29, 2022 was $9.1 million and $24.8 million, respectively. Amortization expense for finite-lived intangible assets for the three and nine months ended July 30, 2021 was $6.4 million and $17.5 million, respectively. Estimated amortization expense for the remainder of fiscal 2022 and succeeding fiscal years is as follows: fiscal 2022 (remainder), $9.1 million; fiscal 2023, $34.9 million; fiscal 2024, $33.0 million; fiscal 2025, $30.1 million; fiscal 2026, $29.0 million; fiscal 2027, $24.0 million; and after fiscal 2027, $145.6 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 https://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