Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 108

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 108
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:Customer relationships$1,131,443 ($373,100)$758,343 $1,013,847 ($307,531)$706,316 Intellectual property540,836 (153,783)387,053 471,516 (137,188)334,328 Other8,651 (8,127)524 8,575 (7,708)867 1,680,930 (535,010)1,145,920 1,493,938 (452,427)1,041,511 Non-Amortizing Assets:Trade names325,520 — 325,520 293,263 — 293,263 $2,006,450 ($535,010)$1,471,440 $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 October 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, for additional information).During fiscal 2024, the Company recognized impairment losses aggregating $7.5 million from the write-down of trade names at two ETG subsidiaries due to a reduction in the expected future cash flows associated with each such intangible asset.  The impairment losses were recorded as a component of SG&A expenses in the Company's Consolidated Statement of Operations.  See Note 8, Fair Value Measurements, for additional information regarding the Company’s impairment losses.As further disclosed in Note 2, Acquisitions, the following table summarizes the weighted average amortization period of the definite-lived intangible assets acquired in total and by major asset class in connection with the Company's fiscal 2025, 2024 and 2023 acquisitions (in years):Year ended October 31,202520242023Customer relationships 111113Intellectual property121114Total 111113        Amortization expense related to intangible assets was $137.9 million, $122.3 million and $85.9 million in fiscal 2025, 2024 and 2023, respectively.  Amortization expense for each of the next five fiscal years and thereafter is estimated to be $141.8 million in fiscal 2026, $136.7 million in fiscal 2027, $130