Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 107

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 107
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 Balances as of October 31, 2025$6,187 ($606)$5,581 

 4.    GOODWILL AND OTHER INTANGIBLE ASSETS

    Changes in the carrying amount of goodwill by operating segment during fiscal 2025 and 2024 are as follows (in thousands):SegmentConsolidatedFSGETGTotalsBalances as of October 31, 2023$1,824,305 $1,450,022 $3,274,327 Goodwill acquired57,978 41,259 99,237 Foreign currency translation adjustments696 5,643 6,339 Adjustments to goodwill(421)813 392 Balances as of October 31, 20241,882,558 1,497,737 3,380,295 Goodwill acquired111,764 153,403 265,167 Foreign currency translation adjustments2,832 13,264 16,096 Adjustments to goodwill24 42 66 Balances as of October 31, 2025$1,997,178 $1,664,446 $3,661,624     The goodwill acquired during fiscal 2025 and 2024 pertains to the acquisitions consummated in those respective years as 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.  Foreign currency translation adjustments are included in other comprehensive income in the Company's Consolidated Statements of Comprehensive Income.  The adjustments to goodwill in fiscal 2025 and 2024 represent immaterial measurement period adjustments to the allocation of the purchase consideration of the respective prior year acquisitions.  The Company estimates that approximately $113 million and $82 million of the goodwill acquired in fiscal 2025 and 2024, respectively, will be deductible for income tax purposes.  Based on the annual test for goodwill 

81

impairment as of October 31, 2025, the Company determined there was no impairment of its goodwill.    Identifiable intangible assets consist of the following (in thousands):As of October 31, 2025As of October 31, 2024GrossCarryingAmountAccumulatedAmortizationNetCarryingAmountGrossCarryingAmountAccumulatedAmortizationNetCarryingAmountAmortizing Assets