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Goodwill and Intangible Assets
12 Months Ended
Oct. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Acquired Intangible Assets Goodwill and Intangible Assets
Goodwill
The change in the carrying amount of goodwill for the years ended October 31, 2023 and 2022 was as follows (in thousands):
Year Ended October 31,
 20232022
Beginning balance as of November 1, 2022 and 2021
$137,855 $149,205 
LMI acquisition41,393 — 
Foreign currency translation adjustment3,708 (11,350)
Balance as of October 31, 2023 and 2022
$182,956 $137,855 
At our annual testing date, August 31, 2023, we had six reporting units with goodwill balances. Three of these units were included in our NA Fenestration segment and had goodwill balances of $41.4 million, $35.9 million and $2.8 million, two units were included in our EU Fenestration segment with goodwill balances of $47.8 million and $15.9 million, and our NA Cabinet Components segment had one unit with a goodwill balance of $39.2 million. The details of the results of our goodwill assessments during the year ended October 31, 2023 are more fully described at Note 1, “Nature of Operations, Basis of Presentation and Significant Accounting Policies - Long-Lived Assets - Goodwill.” For a summary of the change in the carrying amount of goodwill by segment, see Note 17, “Segment Information.”
Identifiable Intangible Assets
Amortizable intangible assets consisted of the following as of October 31, 2023 and 2022 (in thousands):
 October 31, 2023October 31, 2023October 31, 2022
Remaining Weighted Average Useful LifeGross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Customer relationships11 years$157,629 $99,230 $139,607 $88,646 
Trademarks and trade names6 years55,519 42,879 54,389 40,610 
Patents and other technology13 years25,127 22,051 22,390 22,095 
Total$238,275 $164,160 $216,386 $151,351 
We do not estimate a residual value associated with these intangible assets. See additional disclosure at Note 1, "Nature of Operations, Basis of Presentation and Significant Accounting Policies - Restructuring."
The aggregate amortization expense associated with identifiable intangible assets for the years ended October 31, 2023, 2022, and 2021 was $12.1 million, $11.9 million and $12.8 million, respectively.
Estimated remaining amortization expense, assuming current intangible balances and no new acquisitions, for future fiscal years as of October 31, 2023 (in thousands):
Estimated
Amortization Expense
2024$11,278 
202510,051 
20269,976 
20279,977 
20284,743 
Thereafter28,090 
Total$74,115 
We did not incur impairment losses related to our identifiable intangible assets during the years ended October 31, 2023, 2022, and 2021.