Goodwill and Intangible Assets

3 Months Ended

Jan. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Note 6. Goodwill and Intangible Assets

The table below represents goodwill by segment:


	January 31, 2024		October 31, 2023
Specialty Vehicles	$	96.2	$	114.8
Recreational Vehicles		42.5		42.5
Total goodwill	$	138.7	$	157.3

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


	Three Months Ended January 31,
	2024			2023
Balance at beginning of period	$	157.3		$	157.3
Divestiture (Note 7)		(18.6	)		—
Balance at end of period	$	138.7		$	157.3

Intangible assets (excluding goodwill) consisted of the following:


	January 31, 2024
	Weighted- Average Life		Gross		Accumulated Amortization			Net
Finite-lived Customer Relationships		8	$	43.7	$	(36.0	)	$	7.7
Indefinite-lived trade names				91.3		—			91.3
Total intangible assets, net			$	135.0	$	(36.0	)	$	99.0


	October 31, 2023
	Weighted- Average Life		Gross		Accumulated Amortization			Net
Finite-lived Customer Relationships		8	$	43.7	$	(35.4	)	$	8.3
Indefinite-lived trade names				107.4		—			107.4
Total intangible assets, net			$	151.1	$	(35.4	)	$	115.7

The change in the net carrying value of indefinite-lived trade names consisted of the following:


	Three Months Ended January 31,
	2024			2023
Balance at beginning of period	$	107.4		$	107.4
Impairment (Note 8)		(7.2	)		—
Divestiture (Note 7)		(8.9	)		—
Balance at end of period	$	91.3		$	107.4

The fair value used in the impairment assessment of indefinite-lived trade names during the three months ended January 31, 2024 was based on Level 3 inputs, as defined by ASC 820. Amortization expense was $0.6 million and $1.4 million for the three months ended January 31, 2024, and January 31, 2023, respectively.