Company: HEI-A
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0000046619-25-000062
Chunk: 20

Company: HEICO CORP
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 1
Chunk 20
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301 141,871 252,172 Foreign currency translation adjustments2,378 11,206 13,584 Adjustments to goodwill24 31 55 Balances as of July 31, 2025$1,995,261 $1,650,845 $3,646,106     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 $112 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.

15

Identifiable intangible assets consist of the following (in thousands):As of July 31, 2025As of October 31, 2024Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountAmortizing Assets:Customer relationships$1,157,413 ($365,310)$792,103 $1,013,847 ($307,531)$706,316 Intellectual property539,549 (143,295)396,254 471,516 (137,188)334,328 Other8,678 (8,073)605 8,575 (7,708)867 1,705,640 (516,678)1,188,962 1,493,938 (452,427)1,041,511 Non-Amortizing Assets:Trade names324,563 — 324,563 293,263 — 293,263 $2,030,203 ($516,678)$1,513,525 $1,787,201 ($452,427)$1,334,774     The increase in the gross carrying amount of customer relationships, intellectual property, and trade names as of July 31, 2025 compared to October 31, 2024 principally relates to such intangible assets recognized in connection with the fiscal 2025 acquisitions (see Note 2, Acquisitions