XML 37 R25.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Apr. 30, 2024
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 April 30, 2024
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$— $275,579 $— $275,579 
Money market fund10,460 — — 10,460 
Total assets$10,460 $275,579 $— $286,039 
Liabilities:
Contingent consideration $— $— $45,917 $45,917 
As of October 31, 2023
Quoted Prices
in Active Markets for Identical Assets (Level 1)		Significant
Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Total
Assets:
Deferred compensation plan:
Corporate-owned life insurance$— $227,710 $— $227,710 
Money market fund5,829 — — 5,829 
Total assets$5,829 $227,710 $— $233,539 
Liabilities:
Contingent consideration $— $— $71,136 $71,136 
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
The following unobservable inputs were used to derive the estimated fair value of the Company's Level 3 contingent consideration liabilities as of April 30, 2024 ($ in thousands):
Unobservable Weighted
Acquisition Date Fair Value Input Range
Average (1)
8-4-2023$11,000———
9-1-2022$5,577Compound annual revenue growth rate
9% - 26%
18%
Discount rate
9.3% - 9.3%
9.3%
7-18-202220,370Compound annual revenue growth rate
1% - 11%
6%
Discount rate
9.3% - 9.3%
9.3%
8-18-20208,970Compound annual revenue growth rate
10% - 15%
14%
Discount rate
9.9% - 9.9%
9.9%
(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 six months ended April 30, 2024 are as follows (in thousands):
Liabilities
Balance as of October 31, 2023$71,136 
Payment of contingent consideration(20,000)
Decrease in accrued contingent consideration, net(5,326)
Foreign currency transaction adjustments107 
 $45,917 
Included in the accompanying Condensed Consolidated Balance Sheet
 under the following captions:
Accrued expenses and other current liabilities$19,970 
Other long-term liabilities25,947 
$45,917