v3.26.1
Goodwill and Intangible Assets
9 Months Ended
Jul. 31, 2026
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 nine months ended July 31, 2026 was as follows (in thousands):
Nine Months Ended
July 31, 2026
Beginning balance as of November 1, 2025
$271,346 
Foreign currency translation adjustment2,419 
Balance as of the end of the period$273,765 
As of July 31, 2026, we have ten reporting units, seven of which comprise our current goodwill balance. These ten reporting units are aggregated into our three reportable segments. See Note 13, “Segment Information” for a summary of the change in the carrying amount of goodwill by segment.
Identifiable Intangible Assets
Amortizable intangible assets consisted of the following as of July 31, 2026 and October 31, 2025 (in thousands):
July 31, 2026October 31, 2025
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Customer relationships$508,686 $162,404 $506,473 $141,462 
Trademarks and trade names241,701 68,850 240,622 59,833 
Patents and other technology26,123 23,038 26,105 22,768 
Total$776,510 $254,292 $773,200 $224,063 
We had amortization expense related to intangible assets for the three and nine months ended July 31, 2026 of $9.8 million and $29.3 million, respectively, compared to $12.3 million and $29.4 million for the comparable prior year periods, respectively. Amortization expense for the nine months ended July 31, 2025 included a one-time adjustment of $3.5 million.
Estimated remaining amortization expense, assuming current intangible balances and no new acquisitions, for future fiscal years as of July 31, 2026 (in thousands):
Estimated
Amortization Expense
2026 (remaining three months)$9,768 
202739,072 
202833,838 
202933,820 
203032,375 
Thereafter373,345 
Total$522,218