Company: HEI-A
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0000046619-25-000062
Chunk: 39

Company: HEICO CORP
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 8
Chunk 39
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 85.1%.During the third quarter of fiscal 2025, the Company sold a 10% noncontrolling equity interest in a subsidiary of HFSC that was acquired in fiscal 2020, which decreased the Company's ownership interest in the subsidiary to 90%.  As part of the operating agreement, the noncontrolling interest holders have the right to cause the Company to purchase their noncontrolling interests over a four-year period beginning in fiscal 2031, or sooner under certain conditions, and the Company has the right to purchase the same noncontrolling interests over the same period.

14

Accumulated Other Comprehensive Income (Loss) Changes in the components of accumulated other comprehensive income (loss) for the nine months ended July 31, 2025 are as follows (in thousands):Foreign Currency TranslationDefined Benefit Pension PlanAccumulated OtherComprehensive Income (Loss)Balances as of October 31, 2024($25,667)($409)($26,076)Unrealized gain26,956 — 26,956 Amortization of unrealized loss — 2 2 Balances as of July 31, 2025$1,289 ($407)$882 

4.     GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill by operating segment for the nine months ended July 31, 2025 are as follows (in thousands):SegmentConsolidated TotalsFSGETGBalances as of October 31, 2024$1,882,558 $1,497,737 $3,380,295 Goodwill acquired110,301 141,871 252,172 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