Company: HEI-A
Filing Date: 2025-02-28
Form Type: 10-Q
Source: 0000046619-25-000015
Chunk: 16

Company: HEICO CORP
Filing Date: 2025-02-28
Form: 10-Q
Item: Item 1
Chunk 16
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)$763,383 $1,013,847 ($307,531)$706,316 Intellectual property523,823 (142,090)381,733 471,516 (137,188)334,328 Other8,573 (7,790)783 8,575 (7,708)867 1,610,224 (464,325)1,145,899 1,493,938 (452,427)1,041,511 Non-Amortizing Assets:Trade names300,717 — 300,717 293,263 — 293,263 $1,910,941 ($464,325)$1,446,616 $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 January 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).    Amortization expense related to intangible assets for the three months ended January 31, 2025 and 2024 was $32.2 million and $30.2 million, respectively.  Amortization expense related to intangible assets for the remainder of fiscal 2025 is estimated to be $102.7 million.  Amortization expense for each of the next five fiscal years and thereafter is estimated to be $131.7 million in fiscal 2026, $126.8 million in fiscal 2027, $120.4 million in fiscal 2028, $114.6 million in fiscal 2029, $107.7 million in fiscal 2030, and $442.0 million thereafter.

5.     LONG-TERM DEBT

Long-term debt consists of the following (in thousands):January 31, 2025October 31, 2024Borrowings under revolving credit facility$1,140,000 $1,015,000 2028 senior unsecured notes600,000 600,000 2033 senior unsecured notes600,000 600,000 Finance leases and notes payable24,949 26,133 Less: Debt discount and debt issuance costs(11,318)(11,759)2,353,631