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Goodwill and Other Intangible Assets, Net | 3 Months Ended
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Feb. 03, 2023
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 three months of fiscal 2023 were as follows:
(Dollars in thousands) |  | Professional |  | Residential |  | Other |  | Total
Balance as of October 31, 2022 |  | $ | 573,031 |  |  | $ | 10,266 |  |  | $ | — |  |  | $ | 583,297 |
Translation adjustments |  | 1,095 |  |  | 158 |  |  | — |  |  | 1,253 |
Balance as of February 3, 2023 |  | $ | 574,126 |  |  | $ | 10,424 |  |  | $ | — |  |  | $ | 584,550 |
Other Intangible Assets, Net The components of other intangible assets, net as of February 3, 2023, January 28, 2022, and October 31, 2022 were as follows (dollars in thousands):
February 3, 2023 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18,253 |  |  | $ | (15,539) |  |  | $ | 2,714 |
Non-compete agreements |  | 5.5 |  | 6,889 |  |  | (6,872) |  |  | 17 |
Customer-related |  | 16.0 |  | 321,334 |  |  | (89,935) |  |  | 231,399 |
Developed technology |  | 7.1 |  | 102,125 |  |  | (55,823) |  |  | 46,302 |
Trade names |  | 13.7 |  | 10,744 |  |  | (3,624) |  |  | 7,120 |
Backlog and other |  | 0.6 |  | 5,730 |  |  | (5,730) |  |  | — |
Total finite-lived |  | 13.4 |  | 465,075 |  |  | (177,523) |  |  | 287,552 |
Indefinite-lived - trade names |  |  |  | 289,512 |  |  | — |  |  | 289,512 |
Total other intangible assets, net |  |  |  | $ | 754,587 |  |  | $ | (177,523) |  |  | $ | 577,064 |
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 |
October 31, 2022 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18,210 |  |  | $ | (15,317) |  |  | $ | 2,893 |
Non-compete agreements |  | 5.5 |  | 6,851 |  |  | (6,829) |  |  | 22 |
Customer-related |  | 16.0 |  | 320,959 |  |  | (83,805) |  |  | 237,154 |
Developed technology |  | 7.1 |  | 101,915 |  |  | (53,001) |  |  | 48,914 |
Trade names |  | 13.8 |  | 10,667 |  |  | (3,395) |  |  | 7,272 |
Backlog and other |  | 0.6 |  | 5,730 |  |  | (5,505) |  |  | 225 |
Total finite-lived |  | 13.4 |  | 464,332 |  |  | (167,852) |  |  | 296,480 |
Indefinite-lived - trade names |  |  |  | 289,352 |  |  | — |  |  | 289,352 |
Total other intangible assets, net |  |  |  | $ | 753,684 |  |  | $ | (167,852) |  |  | $ | 585,832 |
Amortization expense for finite-lived intangible assets for the three months ended February 3, 2023 and January 28, 2022 was $9.1 million and $6.5 million, respectively. As of February 3, 2023, estimated amortization expense for the remainder of fiscal 2023 and succeeding fiscal years is as follows:
(Dollars in thousands) |  | February 3, 2023
2023 (remaining) |  | $ | 25,792 |
2024 |  | 33,022 |
2025 |  | 30,170 |
2026 |  | 28,989 |
2027 |  | 24,055 |
2028 |  | 21,533 |
Thereafter |  | 123,991 |
Total estimated amortization expense |  | 287,552 |

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- 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
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