v3.25.1
Goodwill and Intangible Assets
6 Months Ended
Apr. 30, 2025
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):
Six Months Ended
 April 30, 2025
Beginning balance as of November 1, 2024$574,711 
Foreign currency translation adjustment4,399 
Balance as of the end of the period$579,110 
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):
 April 30, 2025October 31, 2024
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Customer relationships$506,663 $128,657 $512,131 $112,748 
Trademarks and trade names240,199 54,268 243,434 47,685 
Patents and other technology26,082 22,871 25,164 22,387 
Total$772,944 $205,796 $780,729 $182,820 
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):
Estimated
Amortization Expense
2025 (remaining six months)$19,906 
202639,645 
202739,645 
202834,412 
202934,395 
Thereafter399,145 
Total$567,148