XML 38 R27.htm IDEA: XBRL DOCUMENT v3.23.2
FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Jul. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
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 July 31, 2023
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$— $246,911 $— $246,911 
Money market fund7,778 — — 7,778 
Total assets$7,778 $246,911 $— $254,689 
Liabilities:
Contingent consideration $— $— $56,426 $56,426 
As of October 31, 2022
Quoted Prices
in Active Markets for Identical Assets (Level 1)		Significant
Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Total
Assets:
Deferred compensation plan:
Corporate-owned life insurance$— $201,239 $— $201,239 
Money market fund3,477 — — 3,477 
Total assets$3,477 $201,239 $— $204,716 
Liabilities:
Contingent consideration $— $— $82,803 $82,803 
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
The following unobservable inputs were used to derive the estimated fair value of the Company's Level 3 contingent consideration liabilities as of July 31, 2023 ($ in thousands):
Unobservable Weighted
Acquisition Date Fair Value Input Range
Average (1)
9-1-2022$5,120Compound annual revenue growth rate
0% - 17%
11%
Discount rate
8.7% - 8.7%
8.7%
7-18-202216,407Compound annual revenue growth rate
2% - 9%
6%
Discount rate
8.7% - 8.7%
8.7%
3-17-20226,407Compound annual revenue growth rate
(3%) - 5%
0%
Discount rate
7.5% - 7.5%
7.5%
8-18-20208,715Compound annual revenue growth rate
12% - 21%
18%
Discount rate
9.7% - 9.7%
9.7%
9-15-201719,777Compound annual revenue growth rate
4% - 5%
5%
Discount rate
6.7% - 6.7%
6.7%
(1)    Unobservable inputs were weighted by the relative fair value of the contingent consideration liability.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
Changes in the Company’s contingent consideration liabilities measured at fair value on a recurring basis using unobservable inputs (Level 3) for the nine months ended July 31, 2023 are as follows (in thousands):
Liabilities
Balance as of October 31, 2022$82,803 
Payment of contingent consideration(18,909)
Amendment and termination of contingent consideration agreement (9,057)
Increase in accrued contingent consideration, net1,218 
Foreign currency transaction adjustments371 
Balance as of July 31, 2023$56,426 
Included in the accompanying Condensed Consolidated Balance Sheet
 under the following captions:
Accrued expenses and other current liabilities$19,777 
Other long-term liabilities36,649 
$56,426