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GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Oct. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block] GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill during fiscal 2018 and 2017 by operating segment are as follows (in thousands):
 
Segment
 
Consolidated
 
FSG
 
ETG
 
Totals
Balances as of October 31, 2016

$336,681

 

$529,036

 

$865,717

Goodwill acquired
48,960

 
160,903

 
209,863

Foreign currency translation adjustments
2,965

 
2,761

 
5,726

Balances as of October 31, 2017
388,606

 
692,700

 
1,081,306

Goodwill acquired
10,586

 
27,734

 
38,320

Adjustments to goodwill
972

 
(3,003
)
 
(2,031
)
Foreign currency translation adjustments
(1,470
)
 
(1,293
)
 
(2,763
)
Balances as of October 31, 2018

$398,694

 

$716,138

 

$1,114,832



The goodwill acquired during fiscal 2018 and 2017 relates to the acquisitions consummated in those respective years as described in Note 2, Acquisitions, and represents the residual value after the allocation of the total consideration to the tangible and identifiable intangible assets acquired and liabilities and noncontrolling interests assumed. Foreign currency translation adjustments are included in other comprehensive income (loss) in the Company's Consolidated Statements of Comprehensive Income. The adjustments to goodwill represent immaterial measurement period adjustments to the purchase price allocation of certain fiscal 2017 acquisitions. The Company estimates that most of the goodwill acquired in fiscal 2018 and 2017 is deductible for income tax purposes.  Based on the annual test for goodwill impairment as of October 31, 2018, the Company determined there is no impairment of its goodwill and the fair value of each of the Company’s reporting units significantly exceeded their carrying value.
    
Identifiable intangible assets consist of the following (in thousands):
 
As of October 31, 2018
 
As of October 31, 2017
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Amortizing Assets:
 
 
 
 
 
 
 
 
 
 
 
Customer relationships

$373,946

 

($135,359
)
 

$238,587

 

$379,966

 

($117,069
)
 

$262,897

Intellectual property
185,983

 
(56,055
)
 
129,928

 
181,811

 
(44,861
)
 
136,950

Licenses
6,559

 
(3,522
)
 
3,037

 
6,559

 
(2,928
)
 
3,631

Patents
927

 
(609
)
 
318

 
870

 
(551
)
 
319

Non-compete agreements
814

 
(814
)
 
—

 
817

 
(817
)
 
—

Trade names
466

 
(157
)
 
309

 
466

 
(118
)
 
348

 
568,695

 
(196,516
)
 
372,179

 
570,489

 
(166,344
)
 
404,145

Non-Amortizing Assets:
 
 
 
 
 
 
 
 
 
 
 
Trade names
134,181

 
—

 
134,181

 
133,936

 
—

 
133,936

 

$702,876

 

($196,516
)
 

$506,360

 

$704,425

 

($166,344
)
 

$538,081


        
Amortization expense related to intangible assets was $50.1 million, $39.5 million and $36.4 million in fiscal 2018, 2017 and 2016, respectively.  Amortization expense for each of the next five fiscal years and thereafter is estimated to be $49.0 million in fiscal 2019, $46.1 million in fiscal 2020, $43.4 million in fiscal 2021, $37.0 million in fiscal 2022, $32.0 million in fiscal 2023 and $164.7 million thereafter.