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GOODWILL AND OTHER INTANGIBLE ASSETS
3 Months Ended
Jan. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]
GOODWILL AND OTHER INTANGIBLE ASSETS

The Company has two operating segments: the Flight Support Group (“FSG”) and the Electronic Technologies Group (“ETG”). Changes in the carrying amount of goodwill by operating segment for the three months ended January 31, 2013 are as follows (in thousands):
 
 
Segment
 
Consolidated Totals
 
 
FSG
 
ETG
 
Balances as of October 31, 2012
 

$203,539

 

$338,575

 

$542,114

Adjustments to goodwill
 
(108
)
 

 
(108
)
Foreign currency translation adjustments
 

 
1,926

 
1,926

Balances as of January 31, 2013
 

$203,431

 

$340,501

 

$543,932



The adjustments to goodwill during fiscal 2013 represent immaterial measurement period adjustments to the purchase price allocations of certain fiscal 2012 acquisitions.

Identifiable intangible assets consist of the following (in thousands):
 
 
As of January 31, 2013
 
As of October 31, 2012
 
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Amortizing Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
 

$102,193

 

($27,055
)
 

$75,138

 

$102,172

 

($24,038
)
 

$78,134

Intellectual property
 
43,577

 
(6,842
)
 
36,735

 
43,093

 
(5,738
)
 
37,355

Licenses
 
2,900

 
(1,183
)
 
1,717

 
2,900

 
(1,117
)
 
1,783

Non-compete agreements
 
1,238

 
(1,238
)
 

 
1,339

 
(1,320
)
 
19

Patents
 
609

 
(320
)
 
289

 
589

 
(309
)
 
280

Trade names
 
566

 
(364
)
 
202

 
566

 
(336
)
 
230

 
 
151,083

 
(37,002
)
 
114,081

 
150,659

 
(32,858
)
 
117,801

Non-Amortizing Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Trade names
 
36,705

 

 
36,705

 
36,523

 

 
36,523

 
 

$187,788

 

($37,002
)
 

$150,786

 

$187,182

 

($32,858
)
 

$154,324


Amortization expense related to intangible assets for the three months ended January 31, 2013 and 2012 was $4.5 million and $3.5 million, respectively. Amortization expense related to intangible assets for the remainder of fiscal 2013 is estimated to be $13.3 million. Amortization expense for each of the next five fiscal years and thereafter is estimated to be $17.1 million in fiscal 2014, $15.5 million in fiscal 2015, $14.1 million in fiscal 2016, $13.4 million in fiscal 2017, $11.8 million in fiscal 2018 and $28.9 million thereafter.