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v3.23.2

Goodwill and Other Intangible Assets, Net (Tables) | 9 Months Ended
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Aug. 04, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The changes in the carrying amount of goodwill by reportable segment for the first nine 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 |
Non-cash impairment charge |  | (133,263) |  |  | — |  |  | — |  |  | (133,263) |
Translation adjustments |  | 1,080 |  |  | 150 |  |  | — |  |  | 1,230 |
Balance as of August 4, 2023 |  | $ | 440,848 |  |  | $ | 10,416 |  |  | $ | — |  |  | $ | 451,264 |
Schedule of Finite-Lived Intangible Assets | The components of other intangible assets, net as of August 4, 2023, July 29, 2022, and October 31, 2022 were as follows (dollars in thousands):
August 4, 2023 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18,218 |  |  | $ | (15,864) |  |  | $ | 2,354 |
Non-compete agreements |  | 5.5 |  | 6,858 |  |  | (6,851) |  |  | 7 |
Customer-related |  | 15.7 |  | 329,059 |  |  | (101,952) |  |  | 227,107 |
Developed technology |  | 7.1 |  | 102,108 |  |  | (60,776) |  |  | 41,332 |
Trade names |  | 13.7 |  | 10,740 |  |  | (3,921) |  |  | 6,819 |
Backlog and other |  | 0.6 |  | 5,730 |  |  | (5,730) |  |  | — |
Total finite-lived |  | 13.2 |  | 472,713 |  |  | (195,094) |  |  | 277,619 |
Indefinite-lived - trade names |  |  |  | 271,571 |  |  | — |  |  | 271,571 |
Total other intangible assets, net |  |  |  | $ | 744,284 |  |  | $ | (195,094) |  |  | $ | 549,190 |
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 |
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 |
Schedule of Indefinite-Lived Intangible Assets | The components of other intangible assets, net as of August 4, 2023, July 29, 2022, and October 31, 2022 were as follows (dollars in thousands):
August 4, 2023 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18,218 |  |  | $ | (15,864) |  |  | $ | 2,354 |
Non-compete agreements |  | 5.5 |  | 6,858 |  |  | (6,851) |  |  | 7 |
Customer-related |  | 15.7 |  | 329,059 |  |  | (101,952) |  |  | 227,107 |
Developed technology |  | 7.1 |  | 102,108 |  |  | (60,776) |  |  | 41,332 |
Trade names |  | 13.7 |  | 10,740 |  |  | (3,921) |  |  | 6,819 |
Backlog and other |  | 0.6 |  | 5,730 |  |  | (5,730) |  |  | — |
Total finite-lived |  | 13.2 |  | 472,713 |  |  | (195,094) |  |  | 277,619 |
Indefinite-lived - trade names |  |  |  | 271,571 |  |  | — |  |  | 271,571 |
Total other intangible assets, net |  |  |  | $ | 744,284 |  |  | $ | (195,094) |  |  | $ | 549,190 |
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 |
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 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | estimated amortization expense for the remainder of fiscal 2023 and succeeding fiscal years is as follows:
(Dollars in thousands) |  | August 4, 2023
2023 (remaining) |  | $ | 8,905 |
2024 |  | 34,568 |
2025 |  | 31,715 |
2026 |  | 30,534 |
2027 |  | 25,601 |
2028 |  | 22,305 |
Thereafter |  | 123,991 |
Total estimated amortization expense |  | $ | 277,619 |

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