ACQUISITIONS (Tables)

3 Months Ended

Jan. 31, 2023

Business Acquisition [Line Items]

Schedule of Fair Value of Total Consideration

The following table summarizes the total consideration for the acquisition of Exxelia (in thousands):

Cash paid	$515,785
Less: cash acquired	(14,257)
Total consideration paid, net	$501,528

Exxelia [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the total consideration for the acquisition of Exxelia to the estimated fair values of the tangible and identifiable intangible assets acquired and liabilities and noncontrolling interests assumed (in thousands):

Assets acquired:
Goodwill	$306,356
Customer relationships	66,844
Intellectual property	56,307
Trade name	29,271
Inventories	55,875
Property, plant and equipment	43,704
Accounts receivable	21,056
Other assets	17,031
Total assets acquired, excluding cash	596,444
Liabilities assumed:
Deferred income taxes	40,593
Accounts payable	18,671
Accrued expenses	15,004
Other liabilities	8,585
Total liabilities assumed	82,853
Noncontrolling interests in consolidated subsidiaries	12,063
Net assets acquired, excluding cash	$501,528

Business Acquisition, Pro Forma Information

The following table presents unaudited pro forma financial information for the three months ended January 31, 2023 and January 31, 2022 as if the acquisition of Exxelia had occurred as of November 1, 2021 (in thousands, except per share data):

	Three months ended
	January 31, 2023	January 31, 2022
Net sales	$660,318	$539,014
Net income from consolidated operations	$119,116	$87,151
Net income attributable to HEICO	$108,417	$79,993
Net income per share attributable to HEICO shareholders:
Basic	$.79	$.59
Diluted	$.78	$.58