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Goodwill and Intangible Assets
6 Months Ended
Apr. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

Note 7. Goodwill and Intangible Assets

The table below represents goodwill by segment:

 

 

 

April 30,

2020

 

 

October 31,

2019

 

Fire & Emergency

 

$

88.6

 

 

$

88.6

 

Commercial

 

 

26.2

 

 

 

28.7

 

Recreation

 

 

42.5

 

 

 

42.5

 

Total goodwill

 

$

157.3

 

 

$

159.8

 

 

The change in the net carrying value amount of goodwill consisted of the following:

 

 

 

Six Months Ended

April 30,

 

 

 

2020

 

 

2019

 

Balance at beginning of period

 

$

159.8

 

 

$

161.8

 

Activity during the period:

 

 

 

 

 

 

 

 

Acquisitions

 

 

 

 

 

(2.0

)

Divestitures

 

 

(2.5

)

 

 

 

Balance at end of period

 

$

157.3

 

 

$

159.8

 

 

Intangible assets (excluding goodwill) consisted of the following:

 

 

 

April 30, 2020

 

 

 

Weighted-

Average Life

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

8.0

 

 

$

69.8

 

 

$

(35.3

)

 

$

34.5

 

Non-compete agreements

 

 

5.0

 

 

 

2.0

 

 

 

(1.5

)

 

 

0.5

 

Trade names

 

 

7.0

 

 

 

1.3

 

 

 

(1.2

)

 

 

0.1

 

 

 

 

 

 

 

 

73.1

 

 

 

(38.0

)

 

 

35.1

 

Indefinite-lived trade names

 

 

 

 

 

 

110.1

 

 

 

 

 

 

110.1

 

Total intangible assets, net

 

 

 

 

 

$

183.2

 

 

$

(38.0

)

 

$

145.2

 

 

 

October 31, 2019

 

 

 

Weighted-

Average Life

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

8.0

 

 

$

126.7

 

 

$

(84.0

)

 

$

42.7

 

Order backlog

 

 

1.0

 

 

 

6.7

 

 

 

(6.7

)

 

 

 

Non-compete agreements

 

 

5.0

 

 

 

2.0

 

 

 

(1.3

)

 

 

0.7

 

Trade names

 

 

7.0

 

 

 

3.5

 

 

 

(3.0

)

 

 

0.5

 

Technology-related

 

 

7.0

 

 

 

0.9

 

 

 

(0.8

)

 

 

0.1

 

 

 

 

 

 

 

 

139.8

 

 

 

(95.8

)

 

 

44.0

 

Indefinite-lived trade names

 

 

 

 

 

 

115.9

 

 

 

 

 

 

115.9

 

Total intangible assets, net

 

 

 

 

 

$

255.7

 

 

$

(95.8

)

 

$

159.9

 

Amortization expense was $3.4 million and $4.6 million for the three months ended April 30, 2020, and April 30, 2019, respectively, and $7.4 and $9.3 million for the six months ended April 30, 2020, and April 30, 2019, respectively. As of April 30, 2020, we wrote off fully amortized intangible assets and the related accumulated amortization.