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GOODWILL AND OTHER INTANGIBLE ASSETS
 3 Months Ended
Jan. 31, 2019
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 by operating segment for the three months ended January 31, 2019 are as follows (in thousands):
 
 
Segment
 
Consolidated Totals
 
 
FSG
 
ETG
 
Balances as of October 31, 2018
 

$398,694

 

$716,138

 

$1,114,832

Goodwill acquired
 
—

 
55,020

 
55,020

Foreign currency translation adjustments
 
186

 
488

 
674

Adjustments to goodwill
 
(125
)
 
—

 
(125
)
Balances as of January 31, 2019
 

$398,755

 

$771,646

 

$1,170,401



The goodwill acquired pertains to the fiscal 2019 acquisitions 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 Condensed Consolidated Statements of Comprehensive Income. The adjustments to goodwill represent immaterial measurement period adjustments to the purchase price allocation of certain fiscal 2018 acquisitions. The Company estimates that $17 million of the goodwill acquired in fiscal 2019 will be deductible for income tax purposes.


Identifiable intangible assets consist of the following (in thousands):
 
 
As of January 31, 2019
 
As of October 31, 2018
 
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Amortizing Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
 

$390,027

 

($144,444
)
 

$245,583

 

$373,946

 

($135,359
)
 

$238,587

Intellectual property
 
198,400

 
(59,982
)
 
138,418

 
185,983

 
(56,055
)
 
129,928

Licenses
 
6,559

 
(3,669
)
 
2,890

 
6,559

 
(3,522
)
 
3,037

Patents
 
1,027

 
(628
)
 
399

 
927

 
(609
)
 
318

Non-compete agreements
 
814

 
(814
)
 
—

 
814

 
(814
)
 
—

Trade names
 
466

 
(167
)
 
299

 
466

 
(157
)
 
309

 
 
597,293

 
(209,704
)
 
387,589

 
568,695

 
(196,516
)
 
372,179

Non-Amortizing Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Trade names
 
141,602

 
—

 
141,602

 
134,181

 
—

 
134,181

 
 

$738,895

 

($209,704
)
 

$529,191

 

$702,876

 

($196,516
)
 

$506,360



The increase in the gross carrying amount of customer relationships, intellectual property and trade names as of January 31, 2019 compared to October 31, 2018 principally relates to such intangible assets recognized in connection with the fiscal 2019 acquisitions (see Note 2, Acquisitions).

Amortization expense related to intangible assets for the three months ended January 31, 2019 and 2018 was $12.8 million and $12.4 million, respectively. Amortization expense related to intangible assets for the remainder of fiscal 2019 is estimated to be $38.6 million. Amortization expense for each of the next five fiscal years and thereafter is estimated to be $48.7 million in fiscal 2020, $45.9 million in fiscal 2021, $39.5 million in fiscal 2022, $34.4 million in fiscal 2023, $30.2 million in fiscal 2024, and $150.3 million thereafter.