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ACQUISITIONS (Tables)

12 Months Ended

Oct. 31, 2023

Schedule of Fair Value of Total Consideration [Table Text Block]

The following table summarizes the aggregate total consideration for the Company's other acquisitions based on the year of acquisition (in thousands):


	Year ended October 31,
	2023	2022	2021
Cash paid	$20,000	$348,606	$136,995
Less: cash acquired	—	(1,815)	(616)
Cash paid, net	20,000	346,791	136,379
Issuance of common stock for an acquisition	—	75,005	—
Contingent consideration	—	29,732	18,334
Additional purchase consideration	—	5,758	292
Total consideration	$20,000	$457,286	$155,005

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the allocation of the aggregate total consideration for the Company's other acquisitions to the estimated fair values of the tangible and identifiable intangible assets acquired and liabilities and noncontrolling interests assumed (in thousands, and based on the year of acquisition):


	Year ended October 31,
	2023	2022	2021
Assets acquired:
Goodwill	$8,232	$244,620	$59,445
Customer relationships	8,740	131,479	30,910
Intellectual property	2,870	45,165	23,920
Trade names	—	41,784	9,920
Property, plant and equipment	58	25,974	24,613
Inventories	100	23,974	6,391
Accounts receivable	—	24,353	6,866
Contract assets	—	10,607	18,386
Other assets	—	5,965	1,126
Total assets acquired, excluding cash	20,000	553,921	181,577

Liabilities assumed:
Deferred income taxes	—	21,684	414
Accrued expenses	—	10,146	4,502
Accounts payable	—	7,575	2,338
Other liabilities	—	560	266
Total liabilities assumed	—	39,965	7,520

Noncontrolling interests in consolidated subsidiaries	—	56,670	19,052

Net assets acquired, excluding cash	$20,000	$457,286	$155,005

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The following table summarizes the weighted average amortization period of the definite-lived intangible assets acquired in connection with the Company's other fiscal 2023, 2022 and 2021 acquisitions (in years):


	Year ended October 31,
	2023	2022	2021
Customer relationships	8	15	12
Intellectual property	8	13	13

Wencor

Business Acquisition [Line Items]

Schedule of Fair Value of Total Consideration [Table Text Block]

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


Cash paid						$1,923,098
Less: cash acquired						(29,984)
Cash paid, net						1,893,114
Issuance of common stock for an acquisition						161,373
Additional purchase consideration						(353)
Total consideration paid, net						$2,054,134

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

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


Assets acquired:
Goodwill						$1,260,507
Customer relationships						397,400
Intellectual property						120,400
Trade names						53,200
Inventories						249,917
Accounts receivable						105,947
Property, plant and equipment						35,170
Contract assets						5,276
Other assets						29,568
Total assets acquired, excluding cash						2,257,385

Liabilities assumed:
Accrued expenses						62,442
Accounts payable						56,187
Deferred income taxes						56,108
Other liabilities						28,514
Total liabilities assumed						203,251

Net assets acquired, excluding cash						$2,054,134

Schedule of Pro Forma Information [Table Text Block]

The following table presents unaudited pro forma financial information for fiscal 2022 as if the acquisition of Wencor had occurred as of November 1, 2021 (in thousands, except per share data):

Year ended,

October 31, 2022

Net sales

$2,682,328

Net income from consolidated operations

$365,189

Net income attributable to HEICO

$326,241

Net income per share attributable to HEICO shareholders:

Basic

$2.38

Diluted

$2.34

Exxelia

Business Acquisition [Line Items]

Schedule of Fair Value of Total Consideration [Table Text Block]

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


Cash paid						$515,785
Less: cash acquired						(11,789)
Total consideration paid, net						$503,996

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

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						$327,398
Customer relationships						61,943
Intellectual property						44,044
Trade names						21,703
Property, plant and equipment						53,640
Inventories						53,351
Accounts receivable						41,688
Other assets						13,155
Total assets acquired, excluding cash						616,922

Liabilities assumed:
Deferred income taxes						31,690
Accounts payable						21,858
Accrued expenses						18,159
Short-term debt						15,082
Other liabilities						13,982
Total liabilities assumed						100,771

Noncontrolling interests in consolidated subsidiaries						12,155

Net assets acquired, excluding cash						$503,996

FY2022 Acquisitions

Business Acquisition [Line Items]

Schedule of Pro Forma Information [Table Text Block]

The following table presents unaudited pro forma financial information for fiscal 2021 as if the fiscal 2022 acquisitions had occurred as of November 1, 2020 (in thousands, except per share data):


			Year ended
			October 31, 2021
Net sales			$2,043,464
Net income from consolidated operations			$349,208
Net income attributable to HEICO			$319,660
Net income per share attributable to HEICO shareholders:
Basic			$2.35
Diluted			$2.31