Goodwill and Intangible Assets |
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Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The change in the carrying amount of goodwill for the six months ended April 30, 2025 was as follows (in thousands):
At our last annual test date, August 31, 2024, we evaluated the recoverability of goodwill at each of our seven reporting units with goodwill balances and determined that our goodwill was not impaired. We evaluated for indicators of impairment for all reporting units during the three and six months ended April 30, 2025 and determined that there were no triggering events. For additional information and discussion of change in reporting units and a summary of the change in the carrying amount of goodwill by segment, see Note 14, “Segment Information.” Identifiable Intangible Assets Amortizable intangible assets consisted of the following as of April 30, 2025 and October 31, 2024 (in thousands):
We had aggregate amortization expense related to intangible assets for the three and six months ended April 30, 2025 of $6.5 million and $17.1 million, respectively, and $3.0 million and $6.2 million for the comparable prior year periods. During the second quarter of 2025, we recorded a one-time adjustment to amortization expense of $3.5 million. Estimated remaining amortization expense, assuming current intangible balances and no new acquisitions, for future fiscal years as of April 30, 2025 (in thousands):
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