Company: HEI-A
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0000046619-25-000046
Chunk: 18

Company: HEICO CORP
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 1
Chunk 18
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 the Company to purchase their noncontrolling interest over a four-year period ending in fiscal 2027.  In February 2025, the Company acquired an additional one-fourth of such interest, which increased the Company's ownership interest in the subsidiary to 92.5%.As discussed in Note 2, Acquisitions, the Company, through a subsidiary of HEICO Electronic, which was 87.9% owned by the Company, acquired 100% of the membership interests of Rosen.  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 

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