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GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Oct. 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 during fiscal 2019 and 2018 by operating segment are as follows (in thousands):
 
Segment
 
Consolidated
 
FSG
 
ETG
 
Totals
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

Goodwill acquired
12,891

 
143,286

 
156,177

Foreign currency translation adjustments
(1,580
)
 
(765
)
 
(2,345
)
Adjustments to goodwill
39

 
—

 
39

Balances as of October 31, 2019

$410,044

 

$858,659

 

$1,268,703



The goodwill acquired during fiscal 2019 and 2018 pertains to the acquisitions consummated in those respective years as discussed 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 2018 and 2017 acquisitions. The Company estimates that $92 million of the goodwill acquired in fiscal 2019 and most of the goodwill acquired in fiscal 2018 is deductible for income tax purposes.  Based on the annual test for goodwill impairment as of October 31, 2019, 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, 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

$411,076

 

($162,722
)
 

$248,354

 

$373,946

 

($135,359
)
 

$238,587

Intellectual property
216,359

 
(70,169
)
 
146,190

 
185,983

 
(56,055
)
 
129,928

Licenses
6,559

 
(4,102
)
 
2,457

 
6,559

 
(3,522
)
 
3,037

Patents
986

 
(666
)
 
320

 
927

 
(609
)
 
318

Non-compete agreements
813

 
(813
)
 
—

 
814

 
(814
)
 
—

Trade names
450

 
(180
)
 
270

 
466

 
(157
)
 
309

 
636,243

 
(238,652
)
 
397,591

 
568,695

 
(196,516
)
 
372,179

Non-Amortizing Assets:
 
 
 
 
 
 
 
 
 
 
 
Trade names
153,102

 
—

 
153,102

 
134,181

 
—

 
134,181

 

$789,345

 

($238,652
)
 

$550,693

 

$702,876

 

($196,516
)
 

$506,360


        
The increase in the gross carrying amount of customer relationships, intellectual property and trade names as of October 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 was $53.7 million, $50.1 million and $39.5 million in fiscal 2019, 2018 and 2017, respectively.  Amortization expense for each of the next five fiscal years and thereafter is estimated to be $53.8 million in fiscal 2020, $50.9 million in fiscal 2021, $44.4 million in fiscal 2022, $39.1 million in fiscal 2023, $34.6 million in fiscal 2024 and $174.8 million thereafter.