HEICO (HEI) 10-Q 29 Feb 16 2016 Q1 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - $ / shares	3 Months Ended
	Jan. 31, 2016	Feb. 26, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2016
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016
Entity Information [Line Items]
Entity Registrant Name	HEICO CORPORATION
Address	3000 Taft Street, Hollywood, Florida
State	Florida
Zip Code	33,021
Entity Central Index Key	46,619
Entity Tax Identification Number	650,341,002
Current Fiscal Year End Date	--10-31
Entity Filer Category	Large Accelerated Filer
Trading Symbol	hei
Heico Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		26,915,090
Entity Common Stock Par Value	$ 0.01
Common Class A [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		39,980,018
Entity Common Stock Par Value	$ 0.01

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
Current assets:
Cash and cash equivalents	$ 29,886	$ 33,603
Accounts receivable, net	173,915	181,593
Inventories, net	273,494	243,517
Prepaid expenses and other current assets	12,691	9,369
Deferred income taxes	33,443	35,530
Total current assets	523,429	503,612
Property, plant and equipment, net	112,686	105,670
Goodwill	863,916	766,639
Intangible assets, net	391,907	272,593
Deferred income taxes	656	847
Other assets	88,906	87,026
Total assets	1,981,500	1,736,387
Current liabilities:
Current maturities of long-term debt	346	357
Trade accounts payable	59,861	64,682
Accrued expenses and other current liabilities	86,242	100,155
Income taxes payable	9,001	3,193
Total current liabilities	155,450	168,387
Long-term debt, net of current maturities	594,575	367,241
Deferred income taxes	110,469	110,588
Other long-term liabilities	107,652	105,618
Total liabilities	$ 968,146	$ 751,834
Commitments and contingencies (Note 10)
Redeemable noncontrolling interests (Note 3)	$ 91,136	$ 91,282
Shareholders' equity:
Common Stock	269	269
Capital in excess of par value	289,810	286,220
Deferred compensation obligation	1,635	1,783
HEICO stock held by irrevocable trust	(1,635)	(1,783)
Accumulated other comprehensive loss	(27,543)	(25,080)
Retained earnings	574,233	548,054
Total HEICO shareholders' equity	837,169	809,863
Noncontrolling interests	85,049	83,408
Total shareholders' equity	922,218	893,271
Total liabilities and equity	1,981,500	1,736,387
Class A Common Stock [Member]
Shareholders' equity:
Common Stock	$ 400	$ 400

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED [PARENTHETICAL] - $ / shares shares in Thousands	Jan. 31, 2016	Oct. 31, 2015
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	75,000	75,000
Common stock, shares issued	26,915	26,906
Common stock, shares outstanding	26,915	26,906
Class A Common Stock [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	75,000	75,000
Common stock, shares issued	39,980	39,967
Common stock, shares outstanding	39,980	39,967

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Net sales	$ 306,227	$ 268,185
Operating costs and expenses:
Cost of sales	194,031	174,388
Selling, general and administrative expenses	59,575	47,391
Total operating costs and expenses	253,606	221,779
Operating income	52,621	46,406
Interest expense	(1,567)	(1,112)
Other income	(430)	197
Income before income taxes and noncontrolling interests	50,624	45,491
Income tax expense	14,700	13,400
Net income from consolidated operations	35,924	32,091
Less: Net income attributable to noncontrolling interests	4,653	4,451
Net income attributable to HEICO	$ 31,271	$ 27,640
Net income per share attributable to HEICO shareholders:
Basic (in dollars per share)	$ 0.47	$ 0.42
Diluted (in dollars per share)	$ 0.46	$ 0.41
Weighted average number of common shares outstanding:
Basic (in shares)	66,875	66,595
Diluted (in shares)	67,940	67,669
Cash dividends per share (in dollars per share)	$ 0.080	$ 0.070

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Net income from consolidated operations	$ 35,924	$ 32,091
Other comprehensive income (loss):
Foreign currency translation adjustments	(2,667)	(11,738)
Total other comprehensive income (loss)	(2,667)	(11,738)
Comprehensive income from consolidated operations	33,257	20,353
Less: Comprehensive income attributable to noncontrolling interests	4,653	4,451
Less: Foreign currency translation adjustments attributable to noncontrolling interests	(204)	(457)
Comprehensive income attributable to noncontrolling interests	4,449	3,994
Comprehensive income attributable to HEICO	$ 28,808	$ 16,359

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY AND COMPREHENSIVE INCOME - UNAUDITED - USD ($) $ in Thousands	Total	Redeemable Noncontrolling Interests [Member]	Common Stock [Member]	Common Stock [Member]Class A Common Stock [Member]	Capital In Excess Of Par Value [Member]	Deferred Compensation Obligation [Member]	HEICO Stock Held By Irrevocable Trust [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total Shareholders Equity [Member]
Starting Balance at Oct. 31, 2014			$ 268	$ 397	$ 269,351	$ 1,138	$ (1,138)	$ (8,289)	$ 437,757	$ 75,135	$ 774,619
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	$ 20,353	$ 959						(11,281)	27,640	3,035	19,394
Cash dividends									(4,666)		(4,666)
Issuance of common stock to Savings and Investment Plan			1		614						615
Share-based compensation expense					1,422						1,422
Proceeds from stock option exercises				1	1,515						1,516
Tax benefit from stock option exercises					1,407						1,407
Redemptions of common stock related to stock option exercises					(4)						(4)
Distributions to noncontrolling interests		(1,379)								(1,178)	(1,178)
Adjustments to redemption amount of redeemable noncontrolling interests		9,189						338	(9,527)		(9,189)
Deferred compensation obligation						158
Deferred compensation obligation							(158)
Other									1		1
Ending Balance at Jan. 31, 2015			269	398	274,305	1,296	(1,296)	(19,232)	451,205	76,992	783,937
Starting Balance, Redeemable Noncontrolling Interests at Oct. 31, 2014		39,966
Increase (Decrease) in Temporary Equity [Roll Forward]
Noncontrolling Interest, Increase from Business Combination		15,674
Ending Balance, Redeemable Noncontrolling Interests at Jan. 31, 2015		64,409
Starting Balance at Oct. 31, 2015	893,271		269	400	286,220	1,783	(1,783)	(25,080)	548,054	83,408	893,271
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	33,257	1,972						(2,463)	31,271	2,477	31,285
Cash dividends									(5,350)		(5,350)
Issuance of common stock to Savings and Investment Plan					945						945
Share-based compensation expense					1,680						1,680
Proceeds from stock option exercises					94						94
Tax benefit from stock option exercises					871						871
Distributions to noncontrolling interests		(1,860)								(836)	(836)
Adjustments to redemption amount of redeemable noncontrolling interests		(258)							258		258
Deferred compensation obligation							148
Deferred compensation obligation						(148)
Ending Balance at Jan. 31, 2016	922,218		$ 269	$ 400	$ 289,810	$ 1,635	$ (1,635)	$ (27,543)	$ 574,233	$ 85,049	$ 922,218
Starting Balance, Redeemable Noncontrolling Interests at Oct. 31, 2015	91,282	91,282
Ending Balance, Redeemable Noncontrolling Interests at Jan. 31, 2016	$ 91,136	$ 91,136

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY AND COMPREHENSIVE INCOME - UNAUDITED [PARENTHETICAL] - $ / shares	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Cash dividends per share (in dollars per share)	$ 0.080	$ 0.070

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Operating Activities:
Net income from consolidated operations	$ 35,924	$ 32,091
Adjustments to reconcile net income from consolidated operations to net cash provided by (used in) operating activities:
Depreciation and amortization	13,921	10,904
Deferred income tax provision (benefit)	2,276	1,557
Share-based compensation expense	1,680	1,422
Tax benefit from stock option exercises	871	1,407
Excess tax benefit from stock option exercises	(871)	(1,407)
Employer contributions to HEICO Savings and Investment Plan	1,417	1,393
Increase (decrease) in value of contingent consideration	847	20
Foreign currency transaction adjustments, net	(839)	(1,374)
Changes in operating assets and liabilities, net of acquisitions:
Decrease in accounts receivable	12,348	2,082
Increase in inventories	(2,326)	(2,851)
(Increase) decrease in prepaid expenses and other current assets	(3,030)	(2,105)
Decrease in trade accounts payable	(7,696)	(5,299)
Decrease in accrued expenses and other current liabilities	(14,787)	(14,172)
Increase in income taxes payable	5,851	6,323
Other	(419)	(536)
Net cash provided by operating activities	45,167	29,455
Investing Activities:
Acquisitions, net of cash acquired	(264,324)	(49,312)
Capital expenditures	(5,690)	(4,254)
Other	474	76
Net cash used in investing activities	(269,540)	(53,490)
Financing Activities:
Borrowings on revolving credit facility	260,000	56,696
Payments on revolving credit facility	(32,000)	(29,000)
Cash dividends paid	(5,350)	(4,666)
Distributions to noncontrolling interests	(2,696)	(2,557)
Proceeds from stock option exercises	94	1,516
Excess tax benefit from stock option exercises	871	1,407
Other	(86)	(112)
Net cash (used in) provided by financing activities	220,833	23,284
Effect of exchange rate changes on cash	(177)	(1,106)
Net (decrease) increase in cash and cash equivalents	(3,717)	(1,857)
Cash and cash equivalents at beginning of year	33,603	20,229
Cash and cash equivalents at end of period	$ 29,886	$ 18,372

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jan. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies [Text Block]	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements of HEICO Corporation and its subsidiaries (collectively, “HEICO,” or the “Company”) have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information and in accordance with the instructions to Form 10-Q. Therefore, the condensed consolidated financial statements do not include all information and footnotes normally included in annual consolidated financial statements and should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended October 31, 2015. The October 31, 2015 Condensed Consolidated Balance Sheet has been derived from the Company’s audited consolidated financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contain all adjustments (consisting principally of normal recurring accruals) necessary for a fair presentation of the condensed consolidated balance sheets, statements of operations, statements of comprehensive income, statements of shareholders' equity and statements of cash flows for such interim periods presented. The results of operations for the three months ended January 31, 2016 are not necessarily indicative of the results which may be expected for the entire fiscal year. The Company has two operating segments: the Flight Support Group (“FSG”), consisting of HEICO Aerospace Holdings Corp. and HEICO Flight Support Corp. and their respective subsidiaries; and the Electronic Technologies Group (“ETG”), consisting of HEICO Electronic Technologies Corp. (“HEICO Electronic”) and its subsidiaries. New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, “Revenue from Contracts with Customers,” which provides a comprehensive new revenue recognition model that will supersede nearly all existing revenue recognition guidance. Under ASU 2014-09, an entity will recognize revenue when it transfers promised goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. ASU 2014-09, as amended, is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2017, or in fiscal 2019 for HEICO. Early adoption in the year preceding the effective date is permitted. ASU 2014-09 shall be applied either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying ASU 2014-09 recognized at the date of initial application. The Company is currently evaluating which transition method it will elect and the effect the adoption of this guidance will have on its consolidated results of operations, financial position and cash flows. In February 2015, the FASB issued ASU 2015-02, “Amendments to the Consolidation Analysis," which changes the guidance for evaluating whether to consolidate certain legal entities. Specifically, ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities (“VIEs”) or voting interest entities. Additionally, this guidance eliminates the presumption that a general partner should consolidate a limited partnership, and affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. ASU 2015-02 is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2015, or in fiscal 2017 for HEICO. Early adoption is permitted. ASU 2015-02 shall be applied either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying ASU 2015-02 recognized at the date of initial application. The Company is currently evaluating which transition method it will elect and the effect the adoption of this guidance will have on its consolidated results of operations, financial position and cash flows. In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory,” which requires entities to measure inventories at the lower of cost or net realizable value. Under current guidance, inventories are measured at the lower of cost or market. ASU 2015-11 must be applied prospectively and is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2016, or in fiscal 2018 for HEICO. Early adoption is permitted. The Company is currently evaluating the effect, if any, the adoption of this guidance will have on its consolidated results of operations, financial position and cash flows. In November 2015, the FASB issued ASU 2015-17, “Balance Sheet Classification of Deferred Taxes," which requires that all deferred tax assets and liabilities be classified as noncurrent in the balance sheet. ASU 2015-17 may be applied either prospectively or retrospectively and is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2016, or in fiscal 2018 for HEICO. Early adoption is permitted. The Company is currently evaluating which transition method it will elect. The adoption of this guidance will only effect the presentation of deferred taxes in the Company's consolidated statement of financial position. In February 2016, the FASB issued ASU 2016-02, “Leases," which requires recognition of lease assets and lease liabilities on the balance sheet of lessees. ASU 2016-02 is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2018, or in fiscal 2020 for HEICO. Early adoption is permitted. ASU 2016-02 requires a modified retrospective transition approach and provides certain optional transition relief. The Company is currently evaluating the effect the adoption of this guidance will have on its consolidated results of operations, financial position and cash flows.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Jan. 31, 2016
Business Combinations [Abstract]
Acquisitions [Text Block]	ACQUISITIONS In December 2015 , the Company, through a subsidiary of HEICO Electronic, acquired certain assets of a company that designs and manufactures underwater locator beacons used to locate aircraft cockpit voice recorders, flight data recorders, marine ship voyage recorders and other devices which have been submerged under water . The total consideration includes an accrual of $1.2 million representing the estimated fair value of contingent consideration the Company may be obligated to pay in aggregate during the first five years following the acquisition. The maximum amount of contingent consideration that the Company could be required to pay is $2.0 million . See Note 7, Fair Value Measurements, for additional information regarding the Company's contingent consideration obligation. The purchase price of this acquisition was paid using cash provided by operating activities and the total consideration for the acquisition is not material or significant to the Company’s condensed consolidated financial statements. On January 11, 2016 , the Company, through HEICO Electronic, acquired all of the limited liability company interests of Robertson Fuel Systems, LLC ("Robertson"). The purchase price of this acquisition was paid in cash using proceeds from the Company’s revolving credit facility. Robertson is a world leader in the design and production of mission-extending, crashworthy and ballistically self-sealing auxiliary fuel systems for military rotorcraft. The Company believes that this acquisition is consistent with HEICO’s practice of acquiring outstanding niche designers and manufacturers of critical components in the defense industry and will further enable the Company to broaden its product offerings, technologies and customer base. The following table summarizes the total consideration for the acquisition of Robertson (in thousands): Cash paid $256,806 Less: cash acquired (3,271 ) Cash paid, net 253,535 Additional purchase consideration (352 ) Total consideration $253,183 The following table summarizes the allocation of the total consideration for the acquisition of Robertson to the estimated fair values of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands): Assets acquired: Identifiable intangible assets $123,100 Goodwill 91,824 Inventories 27,955 Property, plant and equipment 7,038 Accounts receivable 5,000 Other assets 1,884 Total assets acquired, excluding cash 256,801 Liabilities assumed: Accounts payable 2,971 Accrued expenses 647 Total liabilities assumed 3,618 Net assets acquired, excluding cash $253,183 The allocation of the total consideration to the tangible and identifiable intangible assets acquired and liabilities assumed is preliminary until the Company obtains final information regarding their fair values. The primary items that generated the goodwill recognized were the premiums paid by the Company for the future earnings potential of Robertson and the value of its assembled workforce that do not qualify for separate recognition. Acquisition costs associated with the purchase of Robertson totaled $3.2 million for the three months ended January 31, 2016 and were recorded as a component of selling, general and administrative ("SG&A") expenses in the Company's Condensed Consolidated Statements of Operations. The operating results of Robertson were included in the Company’s results of operations from the effective acquisition date. The amount of net sales and earnings of Robertson included in the Condensed Consolidated Statements of Operations is not material. The following table presents unaudited pro forma financial information for the three months ended January 31, 2016 as if the acquisition of Robertson had occurred as of November 1, 2014 (in thousands): Three months ended Three months ended January 31, 2016 January 31, 2015 Net sales $327,561 $284,206 Net income from consolidated operations $39,479 $32,517 Net income attributable to HEICO $34,826 $28,066 Net income per share attributable to HEICO shareholders: Basic $.52 $.42 Diluted $.51 $.41 The pro forma financial information is presented for comparative purposes only and is not necessarily indicative of the results of operations that actually would have been achieved if the acquisition had taken place as of November 1, 2014. The unaudited pro forma financial information includes adjustments to historical amounts such as additional amortization expense related to intangible assets acquired, increased interest expense associated with borrowings to finance the acquisition and inventory purchase accounting adjustments charged to cost of sales as the inventory is sold.

SELECTED FINANCIAL STATEMENT IN

SELECTED FINANCIAL STATEMENT INFORMATION	3 Months Ended
	Jan. 31, 2016
Selected Financial Statement Information [Abstract]
Selected Financial Statement Information [Text Block]	SELECTED FINANCIAL STATEMENT INFORMATION Accounts Receivable (in thousands) January 31, 2016 October 31, 2015 Accounts receivable $177,065 $183,631 Less: Allowance for doubtful accounts (3,150 ) (2,038 ) Accounts receivable, net $173,915 $181,593 Costs and Estimated Earnings on Uncompleted Percentage-of-Completion Contracts (in thousands) January 31, 2016 October 31, 2015 Costs incurred on uncompleted contracts $24,387 $22,645 Estimated earnings 18,247 16,116 42,634 38,761 Less: Billings to date (36,119 ) (36,442 ) $6,515 $2,319 Included in the accompanying Condensed Consolidated Balance Sheets under the following captions: Accounts receivable, net (costs and estimated earnings in excess of billings) $11,437 $6,263 Accrued expenses and other current liabilities (billings in excess of costs and estimated earnings) (4,922 ) (3,944 ) $6,515 $2,319 Changes in estimates pertaining to percentage-of-completion contracts did not have a material effect on net income from consolidated operations for the three months ended January 31, 2016 and 2015. Inventories (in thousands) January 31, 2016 October 31, 2015 Finished products $122,442 $119,262 Work in process 35,459 32,201 Materials, parts, assemblies and supplies 113,576 89,739 Contracts in process 3,744 4,521 Less: Billings to date (1,727 ) (2,206 ) Inventories, net of valuation reserves $273,494 $243,517 Contracts in process represents accumulated capitalized costs associated with fixed price contracts. Related progress billings and customer advances (“billings to date”) are classified as a reduction to contracts in process, if any, and any excess is included in accrued expenses and other liabilities. Property, Plant and Equipment (in thousands) January 31, 2016 October 31, 2015 Land $4,586 $5,060 Buildings and improvements 72,261 70,626 Machinery, equipment and tooling 161,601 152,022 Construction in progress 5,915 4,668 244,363 232,376 Less: Accumulated depreciation and amortization (131,677 ) (126,706 ) Property, plant and equipment, net $112,686 $105,670 Accrued Customer Rebates and Credits The aggregate amount of accrued customer rebates and credits included within accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets was $9.8 million and $8.1 million as of January 31, 2016 and October 31, 2015, respectively. The total customer rebates and credits deducted within net sales for the three months ended January 31, 2016 and 2015 was $2.3 million and $1.6 million , respectively. Research and Development Expenses The amount of new product research and development ("R&D") expenses included in cost of sales for the three months ended January 31, 2016 and 2015 is as follows (in thousands): Three months ended January 31, 2016 2015 R&D expenses $9,007 $9,302 Redeemable Noncontrolling Interests The holders of equity interests in certain of the Company's subsidiaries have rights ("Put Rights") that may be exercised on varying dates causing the Company to purchase their equity interests through fiscal 2025. The Put Rights, all of which relate either to common shares or membership interests in limited liability companies, provide that the cash consideration to be paid for their equity interests (the "Redemption Amount") be at fair value or a formula that management intended to reasonably approximate fair value based solely on a multiple of future earnings over a measurement period. Management's estimate of the aggregate Redemption Amount of all Put Rights that the Company could be required to pay is as follows (in thousands): January 31, 2016 October 31, 2015 Redeemable at fair value $76,783 $76,929 Redeemable based on a multiple of future earnings 14,353 14,353 Redeemable noncontrolling interests $91,136 $91,282 Accumulated Other Comprehensive Loss Changes in the components of accumulated other comprehensive loss for the three months ended January 31, 2016 are as follows (in thousands): Foreign Currency Translation Pension Benefit Obligation Accumulated Other Comprehensive Loss Balances as of October 31, 2015 ($24,368 ) ($712 ) ($25,080 ) Unrealized loss (2,463 ) — (2,463 ) Balances as of January 31, 2016 ($26,831 ) ($712 ) ($27,543 )

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
	Jan. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	GOODWILL AND OTHER INTANGIBLE ASSETS Changes in the carrying amount of goodwill by operating segment for the three months ended January 31, 2016 are as follows (in thousands): Segment Consolidated Totals FSG ETG Balances as of October 31, 2015 $337,507 $429,132 $766,639 Goodwill acquired — 98,844 98,844 Foreign currency translation adjustments (459 ) (1,372 ) (1,831 ) Adjustments to goodwill 249 15 264 Balances as of January 31, 2016 $337,297 $526,619 $863,916 The goodwill acquired pertains to the fiscal 2016 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 assumed. Foreign currency translation adjustments are included in other comprehensive income (loss) in the Company's Condensed Consolidated Statements of Comprehensive Income. The adjustments to goodwill represent immaterial measurement period adjustments to the purchase price allocation of certain fiscal 2015 acquisitions. The Company estimates that all of the goodwill acquired in fiscal 2016 will be deductible for income tax purposes. Identifiable intangible assets consist of the following (in thousands): As of January 31, 2016 As of October 31, 2015 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizing Assets: Customer relationships $247,987 ($69,182 ) $178,805 $190,450 ($63,461 ) $126,989 Intellectual property 139,480 (25,149 ) 114,331 98,143 (22,912 ) 75,231 Licenses 4,200 (1,964 ) 2,236 4,200 (1,882 ) 2,318 Non-compete agreements 804 (804 ) — 914 (914 ) — Patents 735 (444 ) 291 746 (447 ) 299 Trade names 466 (47 ) 419 166 (38 ) 128 393,672 (97,590 ) 296,082 294,619 (89,654 ) 204,965 Non-Amortizing Assets: Trade names 95,825 — 95,825 67,628 — 67,628 $489,497 ($97,590 ) $391,907 $362,247 ($89,654 ) $272,593 The increase in the gross carrying amount of customer relationships, intellectual property and amortizing and non-amortizing trade names as of January 31, 2016 compared to October 31, 2015 principally relates to such intangible assets recognized in connection with fiscal 2016 acquisitions (see Note 2, Acquisitions). The weighted-average amortization period of the customer relationships, intellectual property and amortizing trade names acquired during fiscal 2016 is 15 years, 22 years and 15 years, respectively. Amortization expense related to intangible assets for the three months ended January 31, 2016 and 2015 was $8.3 million and $6.1 million , respectively. Amortization expense related to intangible assets for the remainder of fiscal 2016 is estimated to be $27.8 million . Amortization expense for each of the next five fiscal years and thereafter is estimated to be $36.1 million in fiscal 2017, $34.1 million in fiscal 2018, $32.0 million in fiscal 2019, $29.4 million in fiscal 2020, $27.0 million in fiscal 2021, and $109.7 million thereafter.

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Jan. 31, 2016
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	LONG-TERM DEBT Long-term debt consists of the following (in thousands): January 31, 2016 October 31, 2015 Borrowings under revolving credit facility $592,650 $365,203 Capital leases 2,271 2,395 594,921 367,598 Less: Current maturities of long-term debt (346 ) (357 ) $594,575 $367,241 As of January 31, 2016 and October 31, 2015, the weighted average interest rate on borrowings under the Company’s revolving credit facility was 1.5% and 1.3% , respectively. The revolving credit facility contains both financial and non-financial covenants. As of January 31, 2016, the Company was in compliance with all such covenants.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jan. 31, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAXES The Company’s effective tax rate in the first quarter of fiscal 2016 decreased to 29.0% from 29.5% in the first quarter of fiscal 2015. The decrease principally reflects the benefit from the Company's decision to not make a provision for U.S. income taxes on the undistributed earnings of a fiscal 2015 foreign acquisition with operations in lower tax rate jurisdictions. The Company's effective tax rate in both the first quarter of fiscal 2016 and 2015 reflects a similar economic benefit from a retroactive extension of the U.S. federal R&D tax credit that resulted in an additional income tax credit recognized for qualified R&D activities for the last ten months of the respective prior fiscal year.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Jan. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	FAIR VALUE MEASUREMENTS The Company's assets and liabilities that were measured at fair value on a recurring basis are set forth by level within the fair value hierarchy in the following tables (in thousands): As of January 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Deferred compensation plans: Corporate owned life insurance $— $73,450 $— $73,450 Money market funds 4,637 — — 4,637 Equity securities 1,582 — — 1,582 Mutual funds 1,552 — — 1,552 Other 880 50 — 930 Total assets $8,651 $73,500 $— $82,151 Liabilities: Contingent consideration $— $— $23,141 $23,141 As of October 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Deferred compensation plans: Corporate owned life insurance $— $73,238 $— $73,238 Money market funds 3,832 — — 3,832 Equity securities 1,845 — — 1,845 Mutual funds 1,665 — — 1,665 Other 946 50 — 996 Total assets $8,288 $73,288 $— $81,576 Liabilities: Contingent consideration $— $— $21,405 $21,405 The Company maintains two non-qualified deferred compensation plans. The assets of the HEICO Corporation Leadership Compensation Plan (the “LCP”) principally represent cash surrender values of life insurance policies, which derive their fair values from investments in mutual funds that are managed by an insurance company and are classified within Level 2 and valued using a market approach. Certain other assets of the LCP represent investments in money market funds that are classified within Level 1. The assets of the Company’s other deferred compensation plan are principally invested in equity securities and mutual funds that are classified within Level 1. The assets of both plans are held within irrevocable trusts and classified within other assets in the Company’s Condensed Consolidated Balance Sheets and have an aggregate value of $82.2 million as of January 31, 2016 and $81.6 million as of October 31, 2015, of which the LCP related assets were $78.1 million and $77.1 million as of January 31, 2016 and October 31, 2015, respectively. The related liabilities of the two deferred compensation plans are included within other long-term liabilities in the Company’s Condensed Consolidated Balance Sheets and have an aggregate value of $81.5 million as of January 31, 2016 and $80.7 million as of October 31, 2015, of which the LCP related liability was $77.4 million and $76.2 million as of January 31, 2016 and October 31, 2015, respectively. As part of the agreement to acquire certain assets of a company by the ETG in fiscal 2016, the Company may be obligated to pay contingent consideration of up to $2.0 million in aggregate during the five year period following the acquisition. As of January 31, 2016, the estimated fair value of the contingent consideration was $1.2 million . As part of the agreement to acquire a subsidiary by the FSG in fiscal 2015, the Company may be obligated to pay contingent consideration of up to €6.1 million per year, or €24.4 million in aggregate, which translates to approximately $26.5 million based on the January 31, 2016 exchange rate, should the acquired entity meet certain earnings objectives during the first four years following the acquisition. As of January 31, 2016, the estimated fair value of the contingent consideration was €20.2 million , or $21.9 million , of which €6.1 million , or $6.6 million , represents the portion expected to be paid in the second quarter of fiscal 2016 based on the actual earnings of the acquired entity during the first year following the acquisition. The estimated fair value of the contingent consideration arrangements described above are classified within Level 3 and were determined using a probability-based scenario analysis approach. Under this method, a set of discrete potential future subsidiary earnings was determined using internal estimates based on various revenue growth rate assumptions for each scenario. A probability of likelihood was assigned to each discrete potential future earnings estimate and the resultant contingent consideration was calculated. The resulting probability-weighted contingent consideration amounts were discounted using a weighted average discount rate reflecting the credit risk of a market participant. Changes in either the revenue growth rates, related earnings or the discount rate could result in a material change to the amount of contingent consideration accrued and such changes will be recorded in the Company's condensed consolidated statements of operations. The Level 3 inputs used to derive the estimated fair value of the Company's contingent consideration liability as of January 31, 2016 were as follows: Fiscal 2016 Acquisition Fiscal 2015 Acquisition Compound annual revenue growth rate range (3 %) - 11% 2 % - 17% Weighted average discount rate 3.6% 1.9% Changes in the Company’s contingent consideration liability measured at fair value on a recurring basis using unobservable inputs (Level 3) for the three months ended January 31, 2016 are as follows (in thousands): Balance as of October 31, 2015 $21,405 Contingent consideration related to acquisition 1,225 Increase in accrued contingent consideration 847 Foreign currency translation adjustments (336 ) Balance as of January 31, 2016 $23,141 Included in the accompanying Condensed Consolidated Balance Sheet under the following captions: Accrued expenses and other current liabilities $6,858 Other long-term liabilities 16,283 $23,141 The Company recorded the increase in accrued contingent consideration and foreign currency translation adjustments set forth in the table above within SG&A expenses in the Company's Condensed Consolidated Statement of Operations. The Company did not have any transfers between Level 1 and Level 2 fair value measurements during the three months ended January 31, 2016. The carrying amounts of the Company’s cash and cash equivalents, accounts receivable, trade accounts payable and accrued expenses and other current liabilities approximate fair value as of January 31, 2016 due to the relatively short maturity of the respective instruments. The carrying amount of long-term debt approximates fair value due to its variable interest rates.

NET INCOME PER SHARE ATTRIBUTAB

NET INCOME PER SHARE ATTRIBUTABLE TO HEICO SHAREHOLDERS	3 Months Ended
	Jan. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NET INCOME PER SHARE ATTRIBUTABLE TO HEICO SHAREHOLDERS The computation of basic and diluted net income per share attributable to HEICO shareholders is as follows (in thousands, except per share data): Three months ended January 31, 2016 2015 Numerator: Net income attributable to HEICO $31,271 $27,640 Denominator: Weighted average common shares outstanding - basic 66,875 66,595 Effect of dilutive stock options 1,065 1,074 Weighted average common shares outstanding - diluted 67,940 67,669 Net income per share attributable to HEICO shareholders: Basic $.47 $.42 Diluted $.46 $.41 Anti-dilutive stock options excluded 715 305

OPERATING SEGMENTS

OPERATING SEGMENTS	3 Months Ended
	Jan. 31, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	OPERATING SEGMENTS Information on the Company’s two operating segments, the FSG and the ETG, for the three months ended January 31, 2016 and 2015, respectively, is as follows (in thousands): Other, Consolidated Segment FSG ETG Three months ended January 31, 2016: Net sales $204,576 $104,152 ($2,501 ) $306,227 Depreciation 2,950 1,852 56 4,858 Amortization 4,128 4,770 165 9,063 Operating income 35,480 22,269 (5,128 ) 52,621 Capital expenditures 3,705 1,683 302 5,690 Three months ended January 31, 2015: Net sales $182,057 $89,221 ($3,093 ) $268,185 Depreciation 2,253 1,701 35 3,989 Amortization 2,559 4,191 165 6,915 Operating income 30,703 19,418 (3,715 ) 46,406 Capital expenditures 2,614 1,631 9 4,254 Total assets by operating segment as of January 31, 2016 and October 31, 2015 are as follows (in thousands): Other, Consolidated Segment FSG ETG Total assets as of January 31, 2016 $846,999 $1,011,633 $122,868 $1,981,500 Total assets as of October 31, 2015 868,218 746,018 122,151 1,736,387

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jan. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	COMMITMENTS AND CONTINGENCIES Guarantees As of January 31, 2016, the Company has arranged for standby letters of credit aggregating $2.6 million , which are supported by its revolving credit facility. One letter of credit in the amount of $1.5 million is to satisfy the security requirement of the insurance company used by the Company for potential workers' compensation claims and the remainder pertain to performance guarantees related to customer contracts entered into by certain of the Company's subsidiaries. Product Warranty Changes in the Company’s product warranty liability for the three months ended January 31, 2016 and 2015, respectively, are as follows (in thousands): Three months ended January 31, 2016 2015 Balances as of beginning of fiscal year $3,203 $4,079 Accruals for warranties 301 238 Warranty claims settled (534 ) (533 ) Balances as of January 31 $2,970 $3,784 Litigation The Company is involved in various legal actions arising in the normal course of business. Based upon the Company’s and its legal counsel’s evaluations of any claims or assessments, management is of the opinion that the outcome of these matters will not have a material adverse effect on the Company’s results of operations, financial position or cash flows.

SUMMARY OF SIGNIFICANT ACCOUN19

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jan. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation [Text Block]	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of HEICO Corporation and its subsidiaries (collectively, “HEICO,” or the “Company”) have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information and in accordance with the instructions to Form 10-Q. Therefore, the condensed consolidated financial statements do not include all information and footnotes normally included in annual consolidated financial statements and should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended October 31, 2015. The October 31, 2015 Condensed Consolidated Balance Sheet has been derived from the Company’s audited consolidated financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contain all adjustments (consisting principally of normal recurring accruals) necessary for a fair presentation of the condensed consolidated balance sheets, statements of operations, statements of comprehensive income, statements of shareholders' equity and statements of cash flows for such interim periods presented. The results of operations for the three months ended January 31, 2016 are not necessarily indicative of the results which may be expected for the entire fiscal year. The Company has two operating segments: the Flight Support Group (“FSG”), consisting of HEICO Aerospace Holdings Corp. and HEICO Flight Support Corp. and their respective subsidiaries; and the Electronic Technologies Group (“ETG”), consisting of HEICO Electronic Technologies Corp. (“HEICO Electronic”) and its subsidiaries.
New Accounting Pronouncements [Text Block]	New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, “Revenue from Contracts with Customers,” which provides a comprehensive new revenue recognition model that will supersede nearly all existing revenue recognition guidance. Under ASU 2014-09, an entity will recognize revenue when it transfers promised goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. ASU 2014-09, as amended, is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2017, or in fiscal 2019 for HEICO. Early adoption in the year preceding the effective date is permitted. ASU 2014-09 shall be applied either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying ASU 2014-09 recognized at the date of initial application. The Company is currently evaluating which transition method it will elect and the effect the adoption of this guidance will have on its consolidated results of operations, financial position and cash flows. In February 2015, the FASB issued ASU 2015-02, “Amendments to the Consolidation Analysis," which changes the guidance for evaluating whether to consolidate certain legal entities. Specifically, ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities (“VIEs”) or voting interest entities. Additionally, this guidance eliminates the presumption that a general partner should consolidate a limited partnership, and affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. ASU 2015-02 is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2015, or in fiscal 2017 for HEICO. Early adoption is permitted. ASU 2015-02 shall be applied either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying ASU 2015-02 recognized at the date of initial application. The Company is currently evaluating which transition method it will elect and the effect the adoption of this guidance will have on its consolidated results of operations, financial position and cash flows. In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory,” which requires entities to measure inventories at the lower of cost or net realizable value. Under current guidance, inventories are measured at the lower of cost or market. ASU 2015-11 must be applied prospectively and is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2016, or in fiscal 2018 for HEICO. Early adoption is permitted. The Company is currently evaluating the effect, if any, the adoption of this guidance will have on its consolidated results of operations, financial position and cash flows. In November 2015, the FASB issued ASU 2015-17, “Balance Sheet Classification of Deferred Taxes," which requires that all deferred tax assets and liabilities be classified as noncurrent in the balance sheet. ASU 2015-17 may be applied either prospectively or retrospectively and is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2016, or in fiscal 2018 for HEICO. Early adoption is permitted. The Company is currently evaluating which transition method it will elect. The adoption of this guidance will only effect the presentation of deferred taxes in the Company's consolidated statement of financial position. In February 2016, the FASB issued ASU 2016-02, “Leases," which requires recognition of lease assets and lease liabilities on the balance sheet of lessees. ASU 2016-02 is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2018, or in fiscal 2020 for HEICO. Early adoption is permitted. ASU 2016-02 requires a modified retrospective transition approach and provides certain optional transition relief. The Company is currently evaluating the effect the adoption of this guidance will have on its consolidated results of operations, financial position and cash flows.

ACQUISITIONS ACQUISITIONS (Tabl

ACQUISITIONS ACQUISITIONS (Tables) - Robertson [Member] - Electronic Technologies Group [Member]	3 Months Ended
	Jan. 31, 2016
Business Acquisition [Line Items]
Schedule of Fair Value of Total Consideration [Table Text Block]	The following table summarizes the total consideration for the acquisition of Robertson (in thousands): Cash paid $256,806 Less: cash acquired (3,271 ) Cash paid, net 253,535 Additional purchase consideration (352 ) Total consideration $253,183
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The following table summarizes the allocation of the total consideration for the acquisition of Robertson to the estimated fair values of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands): Assets acquired: Identifiable intangible assets $123,100 Goodwill 91,824 Inventories 27,955 Property, plant and equipment 7,038 Accounts receivable 5,000 Other assets 1,884 Total assets acquired, excluding cash 256,801 Liabilities assumed: Accounts payable 2,971 Accrued expenses 647 Total liabilities assumed 3,618 Net assets acquired, excluding cash $253,183
Business Acquisition, Pro Forma Information [Table Text Block]	The following table presents unaudited pro forma financial information for the three months ended January 31, 2016 as if the acquisition of Robertson had occurred as of November 1, 2014 (in thousands): Three months ended Three months ended January 31, 2016 January 31, 2015 Net sales $327,561 $284,206 Net income from consolidated operations $39,479 $32,517 Net income attributable to HEICO $34,826 $28,066 Net income per share attributable to HEICO shareholders: Basic $.52 $.42 Diluted $.51 $.41

SELECTED FINANCIAL STATEMENT 21

SELECTED FINANCIAL STATEMENT INFORMATION (Tables)	3 Months Ended
	Jan. 31, 2016
Selected Financial Statement Information [Abstract]
Schedule of Accounts Receivable [Table Text Block]	Accounts Receivable (in thousands) January 31, 2016 October 31, 2015 Accounts receivable $177,065 $183,631 Less: Allowance for doubtful accounts (3,150 ) (2,038 ) Accounts receivable, net $173,915 $181,593
Schedule of Costs in Excess of Billings and Billings in Excess of Costs [Table Text Block]	Costs and Estimated Earnings on Uncompleted Percentage-of-Completion Contracts (in thousands) January 31, 2016 October 31, 2015 Costs incurred on uncompleted contracts $24,387 $22,645 Estimated earnings 18,247 16,116 42,634 38,761 Less: Billings to date (36,119 ) (36,442 ) $6,515 $2,319 Included in the accompanying Condensed Consolidated Balance Sheets under the following captions: Accounts receivable, net (costs and estimated earnings in excess of billings) $11,437 $6,263 Accrued expenses and other current liabilities (billings in excess of costs and estimated earnings) (4,922 ) (3,944 ) $6,515 $2,319
Schedule of Inventories [Table Text Block]	Inventories (in thousands) January 31, 2016 October 31, 2015 Finished products $122,442 $119,262 Work in process 35,459 32,201 Materials, parts, assemblies and supplies 113,576 89,739 Contracts in process 3,744 4,521 Less: Billings to date (1,727 ) (2,206 ) Inventories, net of valuation reserves $273,494 $243,517
Schedule of Property, Plant and Equipment [Table Text Block]	Property, Plant and Equipment (in thousands) January 31, 2016 October 31, 2015 Land $4,586 $5,060 Buildings and improvements 72,261 70,626 Machinery, equipment and tooling 161,601 152,022 Construction in progress 5,915 4,668 244,363 232,376 Less: Accumulated depreciation and amortization (131,677 ) (126,706 ) Property, plant and equipment, net $112,686 $105,670
Schedule of Research and Development Expenses [Table Text Block]	The amount of new product research and development ("R&D") expenses included in cost of sales for the three months ended January 31, 2016 and 2015 is as follows (in thousands): Three months ended January 31, 2016 2015 R&D expenses $9,007 $9,302
Schedule of Redeemable Noncontrolling Interests [Table Text Block]	Management's estimate of the aggregate Redemption Amount of all Put Rights that the Company could be required to pay is as follows (in thousands): January 31, 2016 October 31, 2015 Redeemable at fair value $76,783 $76,929 Redeemable based on a multiple of future earnings 14,353 14,353 Redeemable noncontrolling interests $91,136 $91,282
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Changes in the components of accumulated other comprehensive loss for the three months ended January 31, 2016 are as follows (in thousands): Foreign Currency Translation Pension Benefit Obligation Accumulated Other Comprehensive Loss Balances as of October 31, 2015 ($24,368 ) ($712 ) ($25,080 ) Unrealized loss (2,463 ) — (2,463 ) Balances as of January 31, 2016 ($26,831 ) ($712 ) ($27,543 )

GOODWILL AND OTHER INTANGIBLE22

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Jan. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	Changes in the carrying amount of goodwill by operating segment for the three months ended January 31, 2016 are as follows (in thousands): Segment Consolidated Totals FSG ETG Balances as of October 31, 2015 $337,507 $429,132 $766,639 Goodwill acquired — 98,844 98,844 Foreign currency translation adjustments (459 ) (1,372 ) (1,831 ) Adjustments to goodwill 249 15 264 Balances as of January 31, 2016 $337,297 $526,619 $863,916
Schedule Of Identifiable Intangible Assets [Table Text Block]	Identifiable intangible assets consist of the following (in thousands): As of January 31, 2016 As of October 31, 2015 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizing Assets: Customer relationships $247,987 ($69,182 ) $178,805 $190,450 ($63,461 ) $126,989 Intellectual property 139,480 (25,149 ) 114,331 98,143 (22,912 ) 75,231 Licenses 4,200 (1,964 ) 2,236 4,200 (1,882 ) 2,318 Non-compete agreements 804 (804 ) — 914 (914 ) — Patents 735 (444 ) 291 746 (447 ) 299 Trade names 466 (47 ) 419 166 (38 ) 128 393,672 (97,590 ) 296,082 294,619 (89,654 ) 204,965 Non-Amortizing Assets: Trade names 95,825 — 95,825 67,628 — 67,628 $489,497 ($97,590 ) $391,907 $362,247 ($89,654 ) $272,593

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Jan. 31, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt consists of the following (in thousands): January 31, 2016 October 31, 2015 Borrowings under revolving credit facility $592,650 $365,203 Capital leases 2,271 2,395 594,921 367,598 Less: Current maturities of long-term debt (346 ) (357 ) $594,575 $367,241

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Jan. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The Company's assets and liabilities that were measured at fair value on a recurring basis are set forth by level within the fair value hierarchy in the following tables (in thousands): As of January 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Deferred compensation plans: Corporate owned life insurance $— $73,450 $— $73,450 Money market funds 4,637 — — 4,637 Equity securities 1,582 — — 1,582 Mutual funds 1,552 — — 1,552 Other 880 50 — 930 Total assets $8,651 $73,500 $— $82,151 Liabilities: Contingent consideration $— $— $23,141 $23,141 As of October 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Deferred compensation plans: Corporate owned life insurance $— $73,238 $— $73,238 Money market funds 3,832 — — 3,832 Equity securities 1,845 — — 1,845 Mutual funds 1,665 — — 1,665 Other 946 50 — 996 Total assets $8,288 $73,288 $— $81,576 Liabilities: Contingent consideration $— $— $21,405 $21,405
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	The Level 3 inputs used to derive the estimated fair value of the Company's contingent consideration liability as of January 31, 2016 were as follows: Fiscal 2016 Acquisition Fiscal 2015 Acquisition Compound annual revenue growth rate range (3 %) - 11% 2 % - 17% Weighted average discount rate 3.6% 1.9%
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Changes in the Company’s contingent consideration liability measured at fair value on a recurring basis using unobservable inputs (Level 3) for the three months ended January 31, 2016 are as follows (in thousands): Balance as of October 31, 2015 $21,405 Contingent consideration related to acquisition 1,225 Increase in accrued contingent consideration 847 Foreign currency translation adjustments (336 ) Balance as of January 31, 2016 $23,141 Included in the accompanying Condensed Consolidated Balance Sheet under the following captions: Accrued expenses and other current liabilities $6,858 Other long-term liabilities 16,283 $23,141

NET INCOME PER SHARE ATTRIBUT25

NET INCOME PER SHARE ATTRIBUTABLE TO HEICO SHAREHOLDERS (Tables)	3 Months Ended
	Jan. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The computation of basic and diluted net income per share attributable to HEICO shareholders is as follows (in thousands, except per share data): Three months ended January 31, 2016 2015 Numerator: Net income attributable to HEICO $31,271 $27,640 Denominator: Weighted average common shares outstanding - basic 66,875 66,595 Effect of dilutive stock options 1,065 1,074 Weighted average common shares outstanding - diluted 67,940 67,669 Net income per share attributable to HEICO shareholders: Basic $.47 $.42 Diluted $.46 $.41 Anti-dilutive stock options excluded 715 305

OPERATING SEGMENTS (Tables)

OPERATING SEGMENTS (Tables)	3 Months Ended
	Jan. 31, 2016
Segment Reporting [Abstract]
Schedule Of Segment Reporting Information By Segment [Table Text Block]	Information on the Company’s two operating segments, the FSG and the ETG, for the three months ended January 31, 2016 and 2015, respectively, is as follows (in thousands): Other, Consolidated Segment FSG ETG Three months ended January 31, 2016: Net sales $204,576 $104,152 ($2,501 ) $306,227 Depreciation 2,950 1,852 56 4,858 Amortization 4,128 4,770 165 9,063 Operating income 35,480 22,269 (5,128 ) 52,621 Capital expenditures 3,705 1,683 302 5,690 Three months ended January 31, 2015: Net sales $182,057 $89,221 ($3,093 ) $268,185 Depreciation 2,253 1,701 35 3,989 Amortization 2,559 4,191 165 6,915 Operating income 30,703 19,418 (3,715 ) 46,406 Capital expenditures 2,614 1,631 9 4,254
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Total assets by operating segment as of January 31, 2016 and October 31, 2015 are as follows (in thousands): Other, Consolidated Segment FSG ETG Total assets as of January 31, 2016 $846,999 $1,011,633 $122,868 $1,981,500 Total assets as of October 31, 2015 868,218 746,018 122,151 1,736,387

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Jan. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Product Warranty Liability [Table Text Block]	Changes in the Company’s product warranty liability for the three months ended January 31, 2016 and 2015, respectively, are as follows (in thousands): Three months ended January 31, 2016 2015 Balances as of beginning of fiscal year $3,203 $4,079 Accruals for warranties 301 238 Warranty claims settled (534 ) (533 ) Balances as of January 31 $2,970 $3,784

ACQUISITIONS ACQUISITIONS (Deta

ACQUISITIONS ACQUISITIONS (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Business Acquisition [Line Items]
Cash paid, net	$ 264,324	$ 49,312
Electronic Technologies Group [Member] | Robertson [Member]
Business Acquisition [Line Items]
Cash paid	256,806
Cash acquired	(3,271)
Cash paid, net	253,535
Additional purchase consideration	(352)
Total consideration	$ 253,183

ACQUISITIONS ACQUISITIONS (De29

ACQUISITIONS ACQUISITIONS (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Oct. 31, 2015
Assets acquired [Abstract]
Goodwill	$ 863,916	$ 766,639
Electronic Technologies Group [Member]
Assets acquired [Abstract]
Goodwill	526,619	$ 429,132
Electronic Technologies Group [Member] | Robertson [Member]
Assets acquired [Abstract]
Identifiable intangible assets	123,100
Goodwill	91,824
Inventories	27,955
Property, plant and equipment	7,038
Accounts receivable	5,000
Other assets	1,884
Total assets acquired, excluding cash	256,801
Liabilities assumed [Abstract]
Accounts payable	2,971
Accrued expenses	647
Total liabilities assumed	3,618
Net assets acquired, excluding cash	$ 253,183

ACQUISITIONS ACQUISITIONS (De30

ACQUISITIONS ACQUISITIONS (Details 3) - Electronic Technologies Group [Member] - Robertson [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Business Acquisition [Line Items]
Net sales	$ 327,561	$ 284,206
Net income from consolidated operations	39,479	32,517
Net income attributable to parent	$ 34,826	$ 28,066
Net income per share attributable to parent shareholders
Basic	$ 0.52	$ 0.42
Diluted	$ 0.51	$ 0.41

ACQUISITIONS (Details Textuals)

ACQUISITIONS (Details Textuals) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Oct. 31, 2015
Business Acquisition [Line Items]
Contingent consideration	$ 23,141	$ 21,405
Electronic Technologies Group [Member] | Certain Assets [Member]
Business Acquisition [Line Items]
Effective Date of Acquisition	Dec. 31, 2015
Description of Acquired Entity	designs and manufactures underwater locator beacons used to locate aircraft cockpit voice recorders, flight data recorders, marine ship voyage recorders and other devices which have been submerged under water
Contingent consideration	$ 1,200
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High	$ 2,000
Electronic Technologies Group [Member] | Robertson [Member]
Business Acquisition [Line Items]
Name of Acquired Entity	Robertson Fuel Systems, LLC
Effective Date of Acquisition	Jan. 11, 2016
Acquisition costs	$ 3,200
Description of Acquired Entity	Robertson is a world leader in the design and production of mission-extending, crashworthy and ballistically self-sealing auxiliary fuel systems for military rotorcraft.

SELECTED FINANCIAL STATEMENT 32

SELECTED FINANCIAL STATEMENT INFORMATION (Accounts Receivable) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 177,065	$ 183,631
Less: Allowance for doubtful accounts	(3,150)	(2,038)
Accounts receivable, net	$ 173,915	$ 181,593

SELECTED FINANCIAL STATEMENT 33

SELECTED FINANCIAL STATEMENT INFORMATION (Costs and Estimated Earnings on Uncompleted POC Contracts) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jan. 31, 2016	Oct. 31, 2015
Costs incurred on uncompleted contracts	$ 24,387	$ 22,645
Estimated Earnings	18,247	16,116
Estimated Revenue on Completed Percentage-of-Completion Contracts	42,634	38,761
Billed Contracts Receivable	36,119	36,442
Unbilled Contracts Receivable	6,515	2,319
Included in the accompanying Condensed Consolidated Balance Sheets under the following captions:
Accounts receivable, net (costs and estimated earnings in excess of billings)	11,437	6,263
Accrued expenses and other current liabilities (billings in excess of costs and estimated earnings)	(4,922)	(3,944)
Unbilled Contracts Receivable	$ 6,515	$ 2,319

SELECTED FINANCIAL STATEMENT 34

SELECTED FINANCIAL STATEMENT INFORMATION (Inventories) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
Inventory [Line Items]
Finished products	$ 122,442	$ 119,262
Work in process	35,459	32,201
Materials, parts, assemblies and supplies	113,576	89,739
Contracts in process	3,744	4,521
Less: Billings to date	(1,727)	(2,206)
Inventories, net of valuation reserves	$ 273,494	$ 243,517

SELECTED FINANCIAL STATEMENT 35

SELECTED FINANCIAL STATEMENT INFORMATION (Property, Plant and Equipment) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
Property, Plant and Equipment [Line Items]
Land	$ 4,586	$ 5,060
Buildings and improvements	72,261	70,626
Machinery, equipment and tooling	161,601	152,022
Construction in progress	5,915	4,668
Property, plant and equipment, gross	244,363	232,376
Less: Accumulated depreciation and amortization	(131,677)	(126,706)
Property, plant and equipment, net	$ 112,686	$ 105,670

SELECTED FINANCIAL STATEMENT 36

SELECTED FINANCIAL STATEMENT INFORMATION SELECTED FINANCIAL STATEMENT INFORMATION (Research and Development Expenses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Selected Financial Statement Information (Details) [Abstract]
R&D expenses	$ 9,007	$ 9,302

SELECTED FINANCIAL STATEMENT 37

SELECTED FINANCIAL STATEMENT INFORMATION SELECTED FINANCIAL STATEMENT INFORMATION (Redeemable Noncontrolling Interests) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
Redeemable Noncontrolling Interest [Line Items]
Redeemable at fair value	$ 76,783	$ 76,929
Redeemable based on a multiple of future earnings	14,353	14,353
Redeemable noncontrolling interests	$ 91,136	$ 91,282

SELECTED FINANCIAL STATEMENT 38

SELECTED FINANCIAL STATEMENT INFORMATION SELECTED FINANCIAL STATEMENT INFORMATION (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Starting accumulated other comprehensive loss	$ (25,080)
Other Comprehensive Income (Loss), Net of Tax	(2,667)	$ (11,738)
Ending accumulated other comprehensive loss	(27,543)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Starting accumulated other comprehensive loss	(24,368)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(2,463)
Ending accumulated other comprehensive loss	(26,831)
Pension Benefit Obligation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Starting accumulated other comprehensive loss	(712)
Other Comprehensive Income (Loss), Net of Tax	0
Ending accumulated other comprehensive loss	(712)
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Starting accumulated other comprehensive loss	(25,080)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(2,463)
Ending accumulated other comprehensive loss	$ (27,543)

SELECTED FINANCIAL STATEMENT 39

SELECTED FINANCIAL STATEMENT INFORMATION (Details Textuals) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Oct. 31, 2015
Business Acquisition [Line Items]
Accrued customer rebates and credits	$ 9.8		$ 8.1
Total customer rebates and credits deducted within net sales	$ 2.3	$ 1.6

GOODWILL AND OTHER INTANGIBLE40

GOODWILL AND OTHER INTANGIBLE ASSETS (Goodwill) (Details) $ in Thousands	3 Months Ended
	Jan. 31, 2016USD ($)
Goodwill [Line Items]
Balances as of October 31, 2014	$ 766,639
Goodwill acquired	98,844
Foreign currency translation adjustments	(1,831)
Balances as of January 31, 2015	863,916
Goodwill, Purchase Accounting Adjustments	264
Flight Support Group [Member]
Goodwill [Line Items]
Balances as of October 31, 2014	337,507
Goodwill acquired	0
Foreign currency translation adjustments	(459)
Balances as of January 31, 2015	337,297
Goodwill, Purchase Accounting Adjustments	249
Electronic Technologies Group [Member]
Goodwill [Line Items]
Balances as of October 31, 2014	429,132
Goodwill acquired	98,844
Foreign currency translation adjustments	(1,372)
Balances as of January 31, 2015	526,619
Goodwill, Purchase Accounting Adjustments	$ 15

GOODWILL AND OTHER INTANGIBLE41

GOODWILL AND OTHER INTANGIBLE ASSETS (Identifiable Intangible Assets) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 393,672	$ 294,619
Accumulated Amortization	(97,590)	(89,654)
Net Carrying Amount	296,082	204,965
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Asset Gross Carrying Amount	489,497	362,247
Intangible Asset Net Carrying Amount	391,907	272,593
Trade Names [Member]
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]
Gross Carrying Amount	95,825	67,628
Net Carrying Amount	95,825	67,628
Customer Relationships [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	247,987	190,450
Accumulated Amortization	(69,182)	(63,461)
Net Carrying Amount	178,805	126,989
Intellectual Property [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	139,480	98,143
Accumulated Amortization	(25,149)	(22,912)
Net Carrying Amount	114,331	75,231
Licensing Agreements [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	4,200	4,200
Accumulated Amortization	(1,964)	(1,882)
Net Carrying Amount	2,236	2,318
Noncompete Agreements [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	804	914
Accumulated Amortization	(804)	(914)
Net Carrying Amount	0	0
Patents [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	735	746
Accumulated Amortization	(444)	(447)
Net Carrying Amount	291	299
Trade Names [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	466	166
Accumulated Amortization	(47)	(38)
Net Carrying Amount	$ 419	$ 128

GOODWILL AND OTHER INTANGIBLE42

GOODWILL AND OTHER INTANGIBLE ASSETS (Details Textuals) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Acquired Indefinite-lived Intangible Assets [Line Items]
Amortization expense related to intangible assets	$ 8.3	$ 6.1
Estimated Amortization Expense, remainder of fiscal 2015	27.8
Estimated Amortization Expense, for fiscal 2016	36.1
Estimated Amortization Expense, for fiscal 2017	34.1
Estimated Amortization Expense, for fiscal 2018	32
Estimated Amortization Expense, for fiscal 2019	29.4
Estimated Amortization Expense, for fiscal 2020	27
Estimated Amortization Expense, thereafter	$ 109.7
Intellectual Property [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	22 years
Customer Relationships [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Trade Names [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
Borrowings under revolving credit facility	$ 592,650	$ 365,203
Capital leases	2,271	2,395
Total debt and capital leases	594,921	367,598
Less: Current maturities of long-term debt	(346)	(357)
Long-term debt, net of current maturities	$ 594,575	$ 367,241

LONG-TERM DEBT (Details Textual

LONG-TERM DEBT (Details Textuals)	Jan. 31, 2016	Oct. 31, 2015
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Weighted average interest rate	1.50%	1.30%

INCOME TAXES (Details Textuals)

INCOME TAXES (Details Textuals)	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Income Tax Disclosure [Abstract]
Effective Income Tax Rate, Continuing Operations	29.00%	29.50%

FAIR VALUE MEASUREMENTS (Fair V

FAIR VALUE MEASUREMENTS (Fair Value Hierarchy, by Category) (Details) - USD ($)	Jan. 31, 2016	Oct. 31, 2015
Deferred Compensation Plans [Abstract]
Deferred compensation plans	$ 82,151,000	$ 81,576,000
Liabilities:
Contingent consideration	23,141,000	21,405,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	8,651,000	8,288,000
Liabilities:
Contingent consideration	0	0
Significant Other Observable Inputs (Level 2) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	73,500,000	73,288,000
Liabilities:
Contingent consideration	0	0
Significant Unobservable Inputs (Level 3) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	0	0
Liabilities:
Contingent consideration	23,141,000	21,405,000
Corporate Owned Life Insurance [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	73,450,000	73,238,000
Corporate Owned Life Insurance [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	0	0
Corporate Owned Life Insurance [Member] | Significant Other Observable Inputs (Level 2) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	73,450,000	73,238,000
Corporate Owned Life Insurance [Member] | Significant Unobservable Inputs (Level 3) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	0	0
Money Market Funds [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	4,637,000	3,832,000
Money Market Funds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	4,637,000	3,832,000
Money Market Funds [Member] | Significant Other Observable Inputs (Level 2) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	0	0
Money Market Funds [Member] | Significant Unobservable Inputs (Level 3) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	0	0
Equity Securities [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	1,582,000	1,845,000
Equity Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	1,582,000	1,845,000
Equity Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	0	0
Equity Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	0	0
Equity Funds [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	1,552,000	1,665,000
Equity Funds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	1,552,000	1,665,000
Equity Funds [Member] | Significant Other Observable Inputs (Level 2) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	0	0
Equity Funds [Member] | Significant Unobservable Inputs (Level 3) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	0	0
Other Defined Deferred Compensation Plan [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	930,000	996,000
Other Defined Deferred Compensation Plan [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	880,000	946,000
Other Defined Deferred Compensation Plan [Member] | Significant Other Observable Inputs (Level 2) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	50,000	50,000
Other Defined Deferred Compensation Plan [Member] | Significant Unobservable Inputs (Level 3) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	$ 0	$ 0

FAIR VALUE MEASUREMENTS FAIR VA

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Level 3 Valuation Inputs) (Details) - Fair Value, Inputs, Level 3 [Member]	3 Months Ended
	Jan. 31, 2016
FY 2016 Acquisition [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate	3.60%
FY 2016 Acquisition [Member] | Minimum [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Negative Long-term Revenue Growth Rate	(3.00%)
FY 2016 Acquisition [Member] | Maximum [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Long-term Revenue Growth Rate	11.00%
FY 2015 Acquisition [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate	1.90%
FY 2015 Acquisition [Member] | Minimum [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Long-term Revenue Growth Rate	2.00%
FY 2015 Acquisition [Member] | Maximum [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Long-term Revenue Growth Rate	17.00%

FAIR VALUE MEASUREMENTS (Contin

FAIR VALUE MEASUREMENTS (Contingent Consideration Liability) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Oct. 31, 2015
Liabilities [Abstract]
Accrued Liabilities, Current	$ 86,242	$ 100,155
Other Liabilities, Noncurrent	107,652	105,618
Total liabilities	968,146	$ 751,834
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Business Combination, Consideration Transferred, Liabilities Incurred	1,225
Balances as of October 31, 2014, Liabilities	21,405
Increase in accrued contingent consideration	847
Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(336)
Balances as of January 31, 2015, Liabilities	23,141
Liabilities [Abstract]
Accrued Liabilities, Current	6,858
Other Liabilities, Noncurrent	16,283
Total liabilities	$ 23,141

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details Textuals) € in Millions	Jan. 31, 2016EUR (€)	Jan. 31, 2016USD ($)	Oct. 31, 2015USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration, Liability		$ 23,141,000	$ 21,405,000
Assets held within irrevocable trusts and classified within other assets		82,151,000	81,576,000
Related liabilities of deferred compensation plans, specified as other long-term liabilities		81,500,000	80,700,000
Aggregate LCP Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held within irrevocable trusts and classified within other assets		78,100,000	77,100,000
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration, Liability		0	0
Assets held within irrevocable trusts and classified within other assets		73,500,000	73,288,000
Significant Other Observable Inputs (Level 2) [Member] | Corporate Owned Life Insurance [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Related liabilities of deferred compensation plans, specified as other long-term liabilities		77,400,000	76,200,000
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration, Liability		23,141,000	21,405,000
Assets held within irrevocable trusts and classified within other assets		0	$ 0
Flight Support Group [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration, Liability		21,900,000
Business Combinations [Abstract]
Business Combination, Contingent Consideration, Liability, Current		6,600,000
Flight Support Group [Member] | FY 2015 Acquisition [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High		26,500,000
Flight Support Group [Member] | Euro Member Countries, Euro
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration, Liability | €	€ 20.2
Business Combinations [Abstract]
Business Combination, Contingent Consideration, Liability, Current | €	6.1
Flight Support Group [Member] | Euro Member Countries, Euro | FY 2015 Acquisition [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent Consideration Arrangements, Per Year Amount | €	6.1
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | €	€ 24.4
Electronic Technologies Group [Member] | FY 2016 Acquisition [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration, Liability		1,200,000
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High		$ 2,000,000

NET INCOME PER SHARE ATTRIBUT50

NET INCOME PER SHARE ATTRIBUTABLE TO HEICO SHAREHOLDERS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Numerator:
Net income attributable to HEICO	$ 31,271	$ 27,640
Denominator:
Weighted Average Number of Shares Outstanding, Basic	66,875	66,595
Effect of dilutive stock options	1,065	1,074
Weighted Average Number of Shares Outstanding, Diluted	67,940	67,669
Earnings Per Share, Basic	$ 0.47	$ 0.42
Earnings Per Share, Diluted	$ 0.46	$ 0.41
Anti-dilutive stock options excluded	715	305

OPERATING SEGMENTS (Details)

OPERATING SEGMENTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Segment Reporting Information [Line Items]
Net sales	$ 306,227	$ 268,185
Depreciation	4,858	3,989
Amortization	9,063	6,915
Operating income	52,621	46,406
Capital expenditures	5,690	4,254
Flight Support Group [Member]
Segment Reporting Information [Line Items]
Net sales	204,576	182,057
Depreciation	2,950	2,253
Amortization	4,128	2,559
Operating income	35,480	30,703
Capital expenditures	3,705	2,614
Electronic Technologies Group [Member]
Segment Reporting Information [Line Items]
Net sales	104,152	89,221
Depreciation	1,852	1,701
Amortization	4,770	4,191
Operating income	22,269	19,418
Capital expenditures	1,683	1,631
Other Primarily Corporate and Intersegment [Member]
Segment Reporting Information [Line Items]
Net sales	(2,501)	(3,093)
Depreciation	56	35
Amortization	165	165
Operating income	(5,128)	(3,715)
Capital expenditures	$ 302	$ 9

OPERATING SEGMENTS (Details 1)

OPERATING SEGMENTS (Details 1) - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 1,981,500	$ 1,736,387
Flight Support Group [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	846,999	868,218
Electronic Technologies Group [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,011,633	746,018
Other Primarily Corporate and Intersegment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 122,868	$ 122,151

COMMITMENTS AND CONTINGENCIES53

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Schedule of Product Warranties [Line Items]
Balances as of beginning of fiscal year	$ 3,203	$ 4,079
Accruals for warranties	301	238
Warranty claims settled	(534)	(533)
Balances as of January 31	$ 2,970	$ 3,784

COMMITMENTS AND CONTINGENCIES54

COMMITMENTS AND CONTINGENCIES (Details Textuals) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 2,600
Standby letter of credit to meet the security requirement of its insurance company for potential workers'compensation claims	1,500
New product research and development expenses	$ 9,007	$ 9,302