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FAIR VALUE MEASUREMENTS (Details Textuals)
$ in Thousands, $ in Thousands

6 Months Ended

Apr. 30, 2022

USD ($)

Apr. 30, 2022

CAD ($)

Oct. 31, 2021

USD ($)

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total liabilities

$ 69,910

$ 62,286

Fair Value Disclosures [Text Block]

FAIR VALUE MEASUREMENTS

The Company's assets and liabilities that were measured at fair value on a recurring basis are set forth by level within the fair value hierarchy in the following tables (in thousands):


	As of April 30, 2022
	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total
Assets:
Deferred compensation plan:
Corporate-owned life insurance	$—	$212,318	$—	$212,318
Money market fund	6,761	—	—	6,761
Total assets	$6,761	$212,318	$—	$219,079

Liabilities:
Contingent consideration	$—	$—	$69,910	$69,910


	As of October 31, 2021
	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total
Assets:
Deferred compensation plan:
Corporate-owned life insurance	$—	$245,580	$—	$245,580
Money market fund	4	—	—	4
Total assets	$4	$245,580	$—	$245,584

Liabilities:
Contingent consideration	$—	$—	$62,286	$62,286

The Company maintains the HEICO Corporation Leadership Compensation Plan (the "LCP"), which is a non-qualified deferred compensation plan. The assets of the LCP principally represent cash surrender values of life insurance policies, which derive their fair values from investments in mutual funds that are managed by an insurance company, and are classified within Level 2 and valued using a market approach. Certain other assets of the LCP represent investments in money market funds that are classified within Level 1. The assets of the LCP are held within an irrevocable trust and classified within other assets in the Company’s Condensed Consolidated Balance Sheets. The related liabilities of the LCP are included within other long-term liabilities and accrued expenses and other current liabilities in the Company’s Condensed

Consolidated Balance Sheets and have an aggregate value of $217.7 million as of April 30, 2022 and $244.3 million as of October 31, 2021.

As part of the agreement to acquire 74% of the membership interests of a subsidiary by the FSG in fiscal 2022, the Company may be obligated to pay contingent consideration of $14.1 million in fiscal 2027 should the acquired entity meet a certain earnings objective during the five-year period following the acquisition. As of April 30, 2022, the estimated fair value of the contingent consideration was $9.4 million.

As part of the agreement to acquire 89% of the membership interests of a subsidiary by the FSG in fiscal 2021, the Company may be obligated to pay contingent consideration of $8.9 million as early as in fiscal 2024 should the acquired entity meet a certain earnings objective during the three-year period following the acquisition. Additionally, the Company may be obligated to pay contingent consideration of up to $17.8 million as early as in fiscal 2026 should the acquired entity meet a certain earnings objective during the three-year period following the second anniversary of the acquisition. As of April 30, 2022, the estimated fair value of the contingent consideration was $17.0 million.

As part of the agreement to acquire 89.99% of the equity interests of a subsidiary by the ETG in fiscal 2020, the Company may be obligated to pay contingent consideration of up to CAD $27.0 million, or $21.0 million, in fiscal 2025 should the acquired entity meet certain earnings objectives during fiscal 2023 and 2024. However, should the acquired entity achieve a certain earnings objective over any two consecutive fiscal years beginning in fiscal 2021 and ending in fiscal 2023, half of the contingent consideration obligation, or CAD $13.5 million, would be payable in the following year. As of April 30, 2022, the estimated fair value of the contingent consideration was CAD $15.7 million, or $12.2 million.

As part of the agreement to acquire a subsidiary by the ETG in fiscal 2020, the Company may be obligated to pay contingent consideration of up to $35.0 million in fiscal 2025 based on the earnings of the acquired entity during calendar years 2023 and 2024 provided the entity meets certain earnings objectives during each of calendar years 2021 to 2024. As of April 30, 2022, the estimated fair value of the contingent consideration was $12.9 million. The obligation to pay any contingent consideration would be payable by a consolidated subsidiary of HEICO that is 75% owned by HEICO Electronic.

As part of the agreement to acquire a subsidiary by the ETG in fiscal 2017, the Company may be obligated to pay contingent consideration of $20.0 million in fiscal 2023 should the acquired entity meet a certain earnings objective during the first six years following the acquisition. As of April 30, 2022, the estimated fair value of the contingent consideration was $18.4 million.

The following unobservable inputs were used to derive the estimated fair value of the Company's Level 3 contingent consideration liabilities as of April 30, 2022 ($ in thousands):


		Unobservable		Weighted
Acquisition Date	Fair Value	Input	Range	Average (1)
3-17-2022	$9,373	Compound annual revenue growth rate	(3%) - 8%	3%
		Discount rate	6.1% - 6.1%	6.1%

8-4-2021	17,028	Compound annual revenue growth rate	0% - 9%	8%
		Discount rate	7.1% - 7.1%	7.1%

8-18-2020	12,218	Compound annual revenue growth rate	9% - 20%	14%
		Discount rate	6.6% - 7.1%	6.7%

8-11-2020	12,923	Compound annual revenue growth rate	2% - 15%	10%
		Discount rate	7.1% - 7.1%	7.1%

9-15-2017	18,368	Compound annual revenue growth rate	(1%) - 5%	3%
		Discount rate	6.0% - 6.0%	6.0%

(1) Unobservable inputs were weighted by the relative fair value of the contingent consideration liability.

Changes in the Company’s contingent consideration liabilities measured at fair value on a recurring basis using unobservable inputs (Level 3) for the six months ended April 30, 2022 are as follows (in thousands):


						Liabilities
Balance as of October 31, 2021						$62,286
Contingent consideration related to acquisition						9,835
Decrease in accrued contingent consideration, net						(1,773)
Foreign currency transaction adjustments						(438)
Balance as of April 30, 2022						$69,910

Included in the accompanying Condensed Consolidated Balance Sheet under the following captions:
Accrued expenses and other current liabilities						$10,148
Other long-term liabilities						59,762
						$69,910

The Company records changes in accrued contingent consideration and foreign currency transaction adjustments within selling, general and administrative expenses in its Condensed Consolidated Statement of Operations.

The carrying amounts of the Company’s cash and cash equivalents, accounts receivable, trade accounts payable and accrued expenses and other current liabilities approximate fair value as of April 30, 2022 due to the relatively short maturity of the respective instruments. The carrying amount of long-term debt approximates fair value due to its variable interest rates.

FY2022 Acquisition Subsidiary 1 | Flight Support Group [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Business Acquisition, Percentage of Voting Interests Acquired

74.00%

Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High

$ 14,100

Total liabilities

$ 9,400

FY2021 Acquisition Subsidiary 1 | Flight Support Group [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Business Acquisition, Percentage of Voting Interests Acquired

89.00%