Company: HEI-A
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0000046619-25-000046
Chunk: 36

Company: HEICO CORP
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 8
Chunk 36
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 As a result of this acquisition, the Company's ownership interest in the subsidiary of HEICO Electronic increased to approximately 92.4%.Accumulated Other Comprehensive LossChanges in the components of accumulated other comprehensive loss for the six months ended April 30, 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 gain25,664 — 25,664 Amortization of unrealized loss — 1 1 Balances as of April 30, 2025($3)($408)($411)

4.     GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill by operating segment for the six months ended April 30, 2025 are as follows (in thousands):SegmentConsolidated TotalsFSGETGBalances as of October 31, 2024$1,882,558 $1,497,737 $3,380,295 Goodwill acquired110,707 25,728 136,435 Foreign currency translation adjustments2,245 11,124 13,369 Adjustments to goodwill24 31 55 Balances as of April 30, 2025$1,995,534 $1,534,620 $3,530,154     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 

13

Comprehensive Income.  The adjustments to goodwill represent immaterial measurement period adjustments to the allocation of the purchase consideration of certain fiscal 2024 acquisitions.Identifiable intangible assets consist of the following (in thousands):As of April 30, 2025As of October 31, 2024Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountAmortizing Assets:Customer relationships$1,092