Note 8 - Goodwill and Intangible Assets
|9 Months Ended|
Jul. 31, 2022
|Notes to Financial Statements|
|Goodwill and Intangible Assets Disclosure [Text Block]||
Note 8. Goodwill and Intangible Assets
The Company has recognized goodwill and certain intangible assets in connection with prior business combinations.
There were no triggering events during the nine-month period ended July 31, 2022. The Company will continue to evaluate its goodwill and intangible assets in future quarters. Additional impairments may be recorded based on events and circumstances, including those related to COVID-19 discussed in Note 1.
The following table summarizes the composition of intangible assets at July 31, 2022 and at October 31, 2021:
Amortization expense for the three and nine-month periods ended July 31, 2022 was $5.5 million and $17.0 million, respectively. Amortization expense for the three and nine-month periods ended July 31, 2021 was $6.7 million and $20.5 million, respectively. The estimated aggregate amortization expense for intangible assets over the next five fiscal years ending October 31 and thereafter is as follows:
The changes in the carrying value of goodwill by reportable segment for the nine-month periods ended July 31, 2022 and 2021 are as follows:
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef