Company: HEI-A
Filing Date: 2025-02-28
Form Type: 10-Q
Source: 0000046619-25-000015
Chunk: 15

Company: HEICO CORP
Filing Date: 2025-02-28
Form: 10-Q
Item: Item 1
Chunk 15
---
 purchase the same membership interest over the same period. 

11

Accumulated Other Comprehensive LossChanges in the components of accumulated other comprehensive loss for the three months ended January 31, 2025 are as follows (in thousands):Foreign Currency TranslationDefined Benefit Pension PlanAccumulated OtherComprehensive LossBalances as of October 31, 2024($25,667)($409)($26,076)Unrealized loss(27,511)— (27,511)Amortization of unrealized loss — 1 1 Balances as of January 31, 2025($53,178)($408)($53,586)

4.     GOODWILL AND OTHER INTANGIBLE ASSETS

    Changes in the carrying amount of goodwill by operating segment for the three months ended January 31, 2025 are as follows (in thousands):SegmentConsolidated TotalsFSGETGBalances as of October 31, 2024$1,882,558 $1,497,737 $3,380,295 Goodwill acquired 112,088 14,759 126,847 Foreign currency translation adjustments(2,298)(13,103)(15,401)Adjustments to goodwill(184)(85)(269)Balances as of January 31, 2025$1,992,164 $1,499,308 $3,491,472 The goodwill acquired pertains to the fiscal 2025 acquisitions described in Note 2, Acquisitions, and represents the residual value after the allocation of the total consideration to the tangible and identifiable intangible assets acquired and liabilities and noncontrolling interests assumed.  The Company estimates that $101 million of the goodwill acquired in fiscal 2025 will be deductible for income tax purposes.  Foreign currency translation adjustments are included in other comprehensive income (loss) in the Company's Condensed Consolidated Statements of Comprehensive Income.  The adjustments to goodwill represent immaterial measurement period adjustments to the allocation of the purchase consideration of certain fiscal 2024 acquisitions.

12

Identifiable intangible assets consist of the following (in thousands):As of January 31, 2025As of October 31, 2024Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountAmortizing Assets:Customer relationships$1,077,828 ($314,445