HEICO (HEI) 10-Q 26 Aug 16 2016 Q3 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - $ / shares	9 Months Ended
	Jul. 31, 2016	Aug. 25, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2016
Document Fiscal Period Focus	Q3
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		26,964,256
Entity Common Stock Par Value	$ 0.01
Common Class A [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		40,288,525
Entity Common Stock Par Value	$ 0.01

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($) $ in Thousands	Jul. 31, 2016	Oct. 31, 2015
Current assets:
Cash and cash equivalents	$ 27,191	$ 33,603
Accounts receivable, net	189,617	181,593
Inventories, net	286,679	243,517
Prepaid expenses and other current assets	11,308	9,369
Deferred income taxes	38,873	35,530
Total current assets	553,668	503,612
Property, plant and equipment, net	118,935	105,670
Goodwill	865,533	766,639
Intangible assets, net	376,828	272,593
Deferred income taxes	590	847
Other assets	101,766	87,026
Total assets	2,017,320	1,736,387
Current liabilities:
Current maturities of long-term debt	335	357
Trade accounts payable	65,312	64,682
Accrued expenses and other current liabilities	115,938	100,155
Income taxes payable	4,672	3,193
Total current liabilities	186,257	168,387
Long-term debt, net of current maturities	509,570	367,241
Deferred income taxes	107,687	110,588
Other long-term liabilities	113,630	105,618
Total liabilities	917,144	751,834
Commitments and contingencies
Redeemable noncontrolling interests	87,906	91,282
Shareholders' equity:
Common Stock	270	269
Capital in excess of par value	302,730	286,220
Deferred compensation obligation	1,635	1,783
HEICO stock held by irrevocable trust	(1,635)	(1,783)
Accumulated other comprehensive loss	(22,372)	(25,080)
Retained earnings	649,131	548,054
Total HEICO shareholders' equity	930,162	809,863
Noncontrolling interests	82,108	83,408
Total shareholders' equity	1,012,270	893,271
Total liabilities and equity	2,017,320	1,736,387
Class A Common Stock [Member]
Shareholders' equity:
Common Stock	$ 403	$ 400

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED [PARENTHETICAL] - $ / shares shares in Thousands	Jul. 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	26,964	26,906
Common stock, shares outstanding	26,964	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	40,274	39,967
Common stock, shares outstanding	40,274	39,967

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Net sales	$ 356,084	$ 300,370	$ 1,012,959	$ 859,976
Operating costs and expenses:
Cost of sales	222,501	192,278	633,151	552,593
Selling, general and administrative expenses	63,729	49,582	190,539	146,679
Total operating costs and expenses	286,230	241,860	823,690	699,272
Operating income	69,854	58,510	189,269	160,704
Interest expense	(2,294)	(1,088)	(6,194)	(3,346)
Other income	16	(184)	154	375
Income before income taxes and noncontrolling interests	67,576	57,238	183,229	157,733
Income tax expense	20,600	18,300	56,600	48,200
Net income from consolidated operations	46,976	38,938	126,629	109,533
Less: Net income attributable to noncontrolling interests	4,974	4,569	14,699	14,419
Net income attributable to HEICO	$ 42,002	$ 34,369	$ 111,930	$ 95,114
Net income per share attributable to HEICO shareholders:
Basic (in dollars per share)	$ 0.63	$ 0.51	$ 1.67	$ 1.43
Diluted (in dollars per share)	$ 0.62	$ 0.51	$ 1.64	$ 1.40
Weighted average number of common shares outstanding:
Basic (in shares)	67,126	66,813	66,975	66,706
Diluted (in shares)	68,278	67,901	68,082	67,790
Cash dividends per share (in dollars per share)	$ 0.08	$ 0.07	$ 0.16	$ 0.14

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Net income from consolidated operations	$ 46,976	$ 38,938	$ 126,629	$ 109,533
Other comprehensive income (loss):
Foreign currency translation adjustments	(3,639)	(5,442)	2,909	(17,177)
Total other comprehensive income (loss)	(3,639)	(5,442)	2,909	(17,177)
Comprehensive income from consolidated operations	43,337	33,496	129,538	92,356
Less: Comprehensive income attributable to noncontrolling interests	4,974	4,569	14,699	14,419
Less: Foreign currency translation adjustments attributable to noncontrolling interests	(353)	(94)	201	(904)
Comprehensive income attributable to noncontrolling interests	4,621	4,475	14,900	13,515
Comprehensive income attributable to HEICO	$ 38,716	$ 29,021	$ 114,638	$ 78,841

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]	AOCI Attributable to Parent [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	$ 92,356	$ 3,880						(16,273)	95,114		88,476
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	13,515									9,635
Cash dividends									(9,343)		(9,343)
Issuance of common stock to Savings and Investment Plan			1		5,090						5,091
Share-based compensation expense					4,394						4,394
Proceeds from stock option exercises				2	3,256						3,258
Tax benefit from stock option exercises					1,404						1,404
Distributions to noncontrolling interests		(3,623)								(3,791)	(3,791)
Adjustments to redemption amount of redeemable noncontrolling interests		7,522							(7,522)		(7,522)
Deferred compensation obligation						158
Deferred compensation obligation							(158)
Other									1		(4)
Adjustments to Additional Paid in Capital, Other					(5)
Ending Balance at Jul. 31, 2015			269	399	283,490	1,296	(1,296)	(24,562)	516,007	80,979	856,582
Starting Balance, Redeemable Noncontrolling Interests at Oct. 31, 2014		39,966
Increase (Decrease) in Temporary Equity [Roll Forward]
Noncontrolling Interest, Increase from Business Combination		17,076
Ending Balance, Redeemable Noncontrolling Interests at Jul. 31, 2015		64,821
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	129,538	7,431						2,708	111,930		122,107
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	14,900									7,469
Cash dividends									(10,724)		(10,724)
Issuance of common stock to Savings and Investment Plan			1	1	5,913						5,915
Share-based compensation expense					4,905						4,905
Proceeds from stock option exercises				2	4,829						4,831
Tax benefit from stock option exercises					867						867
Distributions to noncontrolling interests		(7,337)								(8,819)	(8,819)
Adjustments to redemption amount of redeemable noncontrolling interests		129							(129)		(129)
Deferred compensation obligation							148
Deferred compensation obligation						(148)
Other										50	46
Adjustments to Additional Paid in Capital, Other					(4)
Ending Balance at Jul. 31, 2016	1,012,270		$ 270	$ 403	$ 302,730	$ 1,635	$ (1,635)	$ (22,372)	$ 649,131	$ 82,108	$ 1,012,270
Starting Balance, Redeemable Noncontrolling Interests at Oct. 31, 2015	91,282	91,282
Increase (Decrease) in Temporary Equity [Roll Forward]
Acquisition of noncontrolling interests		(3,599)
Ending Balance, Redeemable Noncontrolling Interests at Jul. 31, 2016	$ 87,906	$ 87,906

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY AND COMPREHENSIVE INCOME - UNAUDITED [PARENTHETICAL] - $ / shares	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Cash dividends per share (in dollars per share)	$ 0.08	$ 0.07	$ 0.16	$ 0.14

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015
Operating Activities:
Net income from consolidated operations	$ 126,629	$ 109,533
Adjustments to reconcile net income from consolidated operations to net cash provided by (used in) operating activities:
Depreciation and amortization	44,603	35,066
Employer contributions to HEICO Savings and Investment Plan	5,219	4,482
Share-based compensation expense	4,905	4,394
Change in value of contingent consideration	2,635	(412)
Foreign currency transaction adjustments, net	876	(3,981)
Deferred income tax provision (benefit)	(6,053)	(4,909)
Tax benefit from stock option exercises	867	1,404
Excess tax benefit from stock option exercises	(880)	(1,404)
Changes in operating assets and liabilities, net of acquisitions:
Change in accounts receivable	(2,974)	4,482
Change in inventories	(13,914)	(10,653)
Change in prepaid expenses and other current assets	(1,943)	(548)
Change in trade accounts payable	(2,629)	(6,570)
Change in accrued expenses and other current liabilities	15,630	(7,977)
Change in income taxes payable	1,775	(401)
Other	(2,330)	(1,217)
Net cash provided by operating activities	172,416	121,289
Investing Activities:
Acquisitions, net of cash acquired	(263,811)	(56,198)
Capital expenditures	(23,113)	(13,767)
Other	(3,005)	171
Net cash used in investing activities	(289,929)	(69,794)
Financing Activities:
Borrowings on revolving credit facility	260,000	68,696
Payments on revolving credit facility	(118,000)	(95,000)
Distributions to noncontrolling interests	(16,156)	(7,414)
Cash dividends paid	(10,724)	(9,343)
Business Combination, Consideration Transferred	(6,960)
Acquisitions of noncontrolling interests	(3,599)	0
Proceeds from stock option exercises	4,831	3,258
Excess tax benefit from stock option exercises	880	1,404
Other	(272)	(295)
Net cash (used in) provided by financing activities	110,000	(38,694)
Effect of exchange rate changes on cash	1,101	(1,333)
Net (decrease) increase in cash and cash equivalents	(6,412)	11,468
Cash and cash equivalents at beginning of year	33,603	$ 20,229
Cash and cash equivalents at end of period	$ 27,191

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Jul. 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 nine months ended July 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 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. In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting," which simplifies several aspects related to accounting for share-based payment transactions. Under ASU 2016-09, all excess tax benefits and tax deficiencies are to be recognized in the statement of operations as a component of income tax expense rather than as capital in excess of par value, and the tax effects will be presented within the statement of cash flows as an operating cash flow rather than as a financing activity. ASU 2016-09 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 recognition of the tax effects in the statement of operations, as well as related changes to the computation of diluted earnings per share are to be applied prospectively and entities may elect to apply the change in the presentation of the statement of cash flows either prospectively or retrospectively. 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	9 Months Ended
	Jul. 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 $256,293 Less: cash acquired (3,271 ) Total consideration $253,022 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: Goodwill $91,705 Customer relationships 55,100 Intellectual property 39,600 Trade name 28,400 Inventories 27,955 Property, plant and equipment 7,200 Accounts receivable 5,000 Other assets 1,883 Total assets acquired, excluding cash 256,843 Liabilities assumed: Accounts payable 3,174 Accrued expenses 647 Total liabilities assumed 3,821 Net assets acquired, excluding cash $253,022 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 amortization period of the customer relationships, intellectual property and trade name acquired is 15 years , 22 years and indefinite, respectively. 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 $3.1 million for the nine months ended July 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 Company's consolidated net sales and net income attributable to HEICO for the nine months ended July 31, 2016, includes approximately $60.1 million and $8.8 million , respectively, from the acquisition of Robertson, exclusive of the aforementioned acquisition costs. The Company's consolidated net sales and net income attributable to HEICO for the three months ended July 31, 2016, includes approximately $30.6 million and $5.0 million , respectively, from the acquisition of Robertson. The following table presents unaudited pro forma financial information for the nine and three months ended July 31, 2016 and July 31, 2015 as if the acquisition of Robertson had occurred as of November 1, 2014 (in thousands): Nine months ended July 31, Three months ended July 31, 2016 2015 2016 2015 Net sales $1,034,293 $921,563 $356,084 $325,527 Net income from consolidated operations $133,078 $113,946 $47,435 $42,726 Net income attributable to HEICO $118,379 $99,527 $42,461 $38,157 Net income per share attributable to HEICO shareholders: Basic $1.77 $1.49 $.63 $.57 Diluted $1.74 $1.47 $.62 $.56 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, the reclassification of acquisition costs associated with the purchase of Robertson from fiscal 2016 to fiscal 2015, and inventory purchase accounting adjustments charged to cost of sales as the inventory is sold.

SELECTED FINANCIAL STATEMENT IN

SELECTED FINANCIAL STATEMENT INFORMATION	9 Months Ended
	Jul. 31, 2016
Selected Financial Statement Information [Abstract]
Selected Financial Statement Information [Text Block]	SELECTED FINANCIAL STATEMENT INFORMATION Accounts Receivable (in thousands) July 31, 2016 October 31, 2015 Accounts receivable $192,875 $183,631 Less: Allowance for doubtful accounts (3,258 ) (2,038 ) Accounts receivable, net $189,617 $181,593 Costs and Estimated Earnings on Uncompleted Percentage-of-Completion Contracts (in thousands) July 31, 2016 October 31, 2015 Costs incurred on uncompleted contracts $31,831 $22,645 Estimated earnings 25,608 16,116 57,439 38,761 Less: Billings to date (48,652 ) (36,442 ) $8,787 $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) $10,628 $6,263 Accrued expenses and other current liabilities (billings in excess of costs and estimated earnings) (1,841 ) (3,944 ) $8,787 $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 nine and three months ended July 31, 2016 and 2015. Inventories (in thousands) July 31, 2016 October 31, 2015 Finished products $130,523 $119,262 Work in process 36,333 32,201 Materials, parts, assemblies and supplies 116,910 89,739 Contracts in process 4,111 4,521 Less: Billings to date (1,198 ) (2,206 ) Inventories, net of valuation reserves $286,679 $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) July 31, 2016 October 31, 2015 Land $5,092 $5,060 Buildings and improvements 75,732 70,626 Machinery, equipment and tooling 168,735 152,022 Construction in progress 10,189 4,668 259,748 232,376 Less: Accumulated depreciation and amortization (140,813 ) (126,706 ) Property, plant and equipment, net $118,935 $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 $10.9 million and $8.1 million as of July 31, 2016 and October 31, 2015, respectively. The total customer rebates and credits deducted within net sales for the nine months ended July 31, 2016 and 2015 was $8.3 million and $4.3 million , respectively. The total customer rebates and credits deducted within net sales for the three months ended July 31, 2016 and 2015 was $3.1 million and $1.4 million , respectively. Research and Development Expenses The amount of new product research and development ("R&D") expenses included in cost of sales for the nine and three months ended July 31, 2016 and 2015 is as follows (in thousands): Nine months ended July 31, Three months ended July 31, 2016 2015 2016 2015 R&D expenses $32,666 $28,860 $12,674 $9,421 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): July 31, 2016 October 31, 2015 Redeemable at fair value $73,553 $76,929 Redeemable based on a multiple of future earnings 14,353 14,353 Redeemable noncontrolling interests $87,906 $91,282 During the second quarter of fiscal 2016, the holders of a 19.9% noncontrolling equity interest in a subsidiary of the FSG that was acquired in fiscal 2011 exercised their option to cause the Company to purchase their interest over a two-year period ending in fiscal 2017. Accordingly, the Company’s ownership interest in the subsidiary increased to 90.05% effective March 2016. The purchase price of the redeemable noncontrolling interest acquired was paid using cash provided by operating activities. Accumulated Other Comprehensive Loss Changes in the components of accumulated other comprehensive loss for the nine months ended July 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 gain 2,708 — 2,708 Balances as of July 31, 2016 ($21,660 ) ($712 ) ($22,372 )

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
	Jul. 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 nine months ended July 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 — 98,580 98,580 Foreign currency translation adjustments 262 593 855 Adjustments to goodwill (569 ) 28 (541 ) Balances as of July 31, 2016 $337,200 $528,333 $865,533 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 July 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 $248,704 ($82,501 ) $166,203 $190,450 ($63,461 ) $126,989 Intellectual property 140,091 (30,704 ) 109,387 98,143 (22,912 ) 75,231 Licenses 6,559 (2,174 ) 4,385 4,200 (1,882 ) 2,318 Non-compete agreements 814 (814 ) — 914 (914 ) — Patents 774 (474 ) 300 746 (447 ) 299 Trade names 466 (67 ) 399 166 (38 ) 128 397,408 (116,734 ) 280,674 294,619 (89,654 ) 204,965 Non-Amortizing Assets: Trade names 96,154 — 96,154 67,628 — 67,628 $493,562 ($116,734 ) $376,828 $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 July 31, 2016 compared to October 31, 2015 principally relates to such intangible assets recognized in connection with the fiscal 2016 acquisitions (see Note 2, Acquisitions). Amortization expense related to intangible assets for the nine months ended July 31, 2016 and 2015 was $27.0 million and $19.7 million , respectively. Amortization expense related to intangible assets for the three months ended July 31, 2016 and 2015 was $9.4 million and $6.6 million , respectively. Amortization expense related to intangible assets for the remainder of fiscal 2016 is estimated to be $9.4 million . Amortization expense for each of the next five fiscal years and thereafter is estimated to be $36.6 million in fiscal 2017, $34.6 million in fiscal 2018, $32.5 million in fiscal 2019, $29.8 million in fiscal 2020, $27.3 million in fiscal 2021, and $110.5 million thereafter.

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Jul. 31, 2016
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	LONG-TERM DEBT Long-term debt consists of the following (in thousands): July 31, 2016 October 31, 2015 Borrowings under revolving credit facility $507,743 $365,203 Capital leases 2,162 2,395 509,905 367,598 Less: Current maturities of long-term debt (335 ) (357 ) $509,570 $367,241 As of July 31, 2016 and October 31, 2015, the weighted average interest rate on borrowings under the Company’s revolving credit facility was 1.7% and 1.3% , respectively. The revolving credit facility contains both financial and non-financial covenants. As of July 31, 2016, the Company was in compliance with all such covenants.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Jul. 31, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAXES The Company's effective tax rate in the first nine months of fiscal 2016 increased to 30.9% from 30.6% in the first nine months of fiscal 2015. The increase principally reflects the benefits recognized in the first nine months of fiscal 2015 from a prior year tax return amendment for additional foreign tax credits related to R&D activities at one of the Company's foreign subsidiaries and higher net income attributable to noncontrolling interests in subsidiaries structured as partnerships. These increases were partially offset by the benefits recognized in the first nine months of fiscal 2016 of a larger income tax credit for qualified R&D activities resulting from the permanent extension of the U.S. federal R&D tax credit in December 2015 and a higher deduction for manufacturing activities mainly resulting from a fiscal 2016 acquisition. The Company's effective tax rate in the third quarter of fiscal 2016 decreased to 30.5% from 32.0% in the third quarter of fiscal 2015. The decrease principally reflects the previously mentioned higher deduction for manufacturing activities and larger income tax credit for qualified R&D activities as well as the favorable impact of higher tax-exempt unrealized gains in the cash surrender value of life insurance policies related to the HEICO Leadership Compensation Plan. These decreases were partially offset by the aforementioned benefit of additional foreign tax credits related to a prior year tax return amendment and higher net income attributable to noncontrolling interests in subsidiaries structured as partnerships recognized in the first nine months of fiscal 2015.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Jul. 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 July 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 $— $87,458 $— $87,458 Equity securities 1,975 — — 1,975 Mutual funds 1,737 — — 1,737 Money market funds 1,514 — — 1,514 Other 1,017 50 — 1,067 Total assets $6,243 $87,508 $— $93,751 Liabilities: Contingent consideration $— $— $18,777 $18,777 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 Equity securities 1,845 — — 1,845 Mutual funds 1,665 — — 1,665 Money market funds 3,832 — — 3,832 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 $93.8 million as of July 31, 2016 and $81.6 million as of October 31, 2015, of which the LCP related assets were $89.0 million and $77.1 million as of July 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 $92.7 million as of July 31, 2016 and $80.7 million as of October 31, 2015, of which the LCP related liability was $87.9 million and $76.2 million as of July 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 July 31, 2016, the estimated fair value of the contingent consideration was $1.3 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 should the acquired entity meet certain earnings objectives during the first four years following the acquisition. During the third quarter of fiscal 2016, the Company paid €6.1 million , or $7.0 million , of contingent consideration based on the actual earnings of the acquired entity during the first year following the acquisition. As of July 31, 2016, the estimated fair value of the remaining contingent consideration was €15.7 million , or $17.5 million . 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 July 31, 2016 were as follows: Fiscal 2016 Acquisition Fiscal 2015 Acquisition Compound annual revenue growth rate range (3 %) - 11% 4 % - 17% Weighted average discount rate 3.7% 1.7% Changes in the Company’s contingent consideration liability measured at fair value on a recurring basis using unobservable inputs (Level 3) for the nine months ended July 31, 2016 are as follows (in thousands): Balance as of October 31, 2015 $21,405 Increase in accrued contingent consideration 2,635 Contingent consideration related to acquisition 1,225 Payment of contingent consideration (6,960 ) Foreign currency transaction adjustments 472 Balance as of July 31, 2016 $18,777 Included in the accompanying Condensed Consolidated Balance Sheet under the following captions: Accrued expenses and other current liabilities $6,963 Other long-term liabilities 11,814 $18,777 The Company recorded the increase in accrued contingent consideration and foreign currency transaction 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 nine months ended July 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 July 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	9 Months Ended
	Jul. 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): Nine months ended July 31, Three months ended July 31, 2016 2015 2016 2015 Numerator: Net income attributable to HEICO $111,930 $95,114 $42,002 $34,369 Denominator: Weighted average common shares outstanding - basic 66,975 66,706 67,126 66,813 Effect of dilutive stock options 1,107 1,084 1,152 1,088 Weighted average common shares outstanding - diluted 68,082 67,790 68,278 67,901 Net income per share attributable to HEICO shareholders: Basic $1.67 $1.43 $.63 $.51 Diluted $1.64 $1.40 $.62 $.51 Anti-dilutive stock options excluded 675 352 574 445

OPERATING SEGMENTS

OPERATING SEGMENTS	9 Months Ended
	Jul. 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 nine and three months ended July 31, 2016 and 2015, respectively, is as follows (in thousands): Other, (1) Consolidated Segment FSG ETG Nine months ended July 31, 2016: Net sales $647,419 $372,933 ($7,393 ) $1,012,959 Depreciation 8,973 5,854 166 14,993 Amortization 12,414 16,700 496 29,610 Operating income 118,757 89,280 (18,768 ) 189,269 Capital expenditures 13,449 9,257 407 23,113 Nine months ended July 31, 2015: Net sales $591,431 $277,439 ($8,894 ) $859,976 Depreciation 7,927 5,036 112 13,075 Amortization 9,636 11,859 496 21,991 Operating income 107,498 65,996 (12,790 ) 160,704 Capital expenditures 9,000 4,457 310 13,767 Three months ended July 31, 2016: Net sales $222,553 $136,215 ($2,684 ) $356,084 Depreciation 3,049 1,878 54 4,981 Amortization 4,169 6,105 165 10,439 Operating income 41,969 33,609 (5,724 ) 69,854 Capital expenditures 5,034 2,516 17 7,567 Three months ended July 31, 2015: Net sales $206,599 $97,223 ($3,452 ) $300,370 Depreciation 2,834 1,688 41 4,563 Amortization 3,568 3,629 165 7,362 Operating income 39,250 24,372 (5,112 ) 58,510 Capital expenditures 2,523 1,600 184 4,307 (1) Intersegment activity principally consists of net sales from the ETG to the FSG. Total assets by operating segment as of July 31, 2016 and October 31, 2015 are as follows (in thousands): Other, Consolidated Segment FSG ETG Total assets as of July 31, 2016 $867,968 $1,010,480 $138,872 $2,017,320 Total assets as of October 31, 2015 868,218 746,018 122,151 1,736,387

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Jul. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	COMMITMENTS AND CONTINGENCIES Guarantees As of July 31, 2016, the Company has arranged for standby letters of credit aggregating $2.5 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 nine months ended July 31, 2016 and 2015, respectively, are as follows (in thousands): Nine months ended July 31, 2016 2015 Balances as of beginning of fiscal year $3,203 $4,079 Accruals for warranties 1,765 579 Acquired warranty liabilities — 35 Warranty claims settled (1,869 ) (1,634 ) Balances as of July 31 $3,099 $3,059 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)	9 Months Ended
	Jul. 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 nine months ended July 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 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. In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting," which simplifies several aspects related to accounting for share-based payment transactions. Under ASU 2016-09, all excess tax benefits and tax deficiencies are to be recognized in the statement of operations as a component of income tax expense rather than as capital in excess of par value, and the tax effects will be presented within the statement of cash flows as an operating cash flow rather than as a financing activity. ASU 2016-09 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 recognition of the tax effects in the statement of operations, as well as related changes to the computation of diluted earnings per share are to be applied prospectively and entities may elect to apply the change in the presentation of the statement of cash flows either prospectively or retrospectively. 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]	9 Months Ended
	Jul. 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 $256,293 Less: cash acquired (3,271 ) Total consideration $253,022
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: Goodwill $91,705 Customer relationships 55,100 Intellectual property 39,600 Trade name 28,400 Inventories 27,955 Property, plant and equipment 7,200 Accounts receivable 5,000 Other assets 1,883 Total assets acquired, excluding cash 256,843 Liabilities assumed: Accounts payable 3,174 Accrued expenses 647 Total liabilities assumed 3,821 Net assets acquired, excluding cash $253,022
Business Acquisition, Pro Forma Information [Table Text Block]	The following table presents unaudited pro forma financial information for the nine and three months ended July 31, 2016 and July 31, 2015 as if the acquisition of Robertson had occurred as of November 1, 2014 (in thousands): Nine months ended July 31, Three months ended July 31, 2016 2015 2016 2015 Net sales $1,034,293 $921,563 $356,084 $325,527 Net income from consolidated operations $133,078 $113,946 $47,435 $42,726 Net income attributable to HEICO $118,379 $99,527 $42,461 $38,157 Net income per share attributable to HEICO shareholders: Basic $1.77 $1.49 $.63 $.57 Diluted $1.74 $1.47 $.62 $.56

SELECTED FINANCIAL STATEMENT 21

SELECTED FINANCIAL STATEMENT INFORMATION (Tables)	9 Months Ended
	Jul. 31, 2016
Selected Financial Statement Information [Abstract]
Schedule of Accounts Receivable [Table Text Block]	Accounts Receivable (in thousands) July 31, 2016 October 31, 2015 Accounts receivable $192,875 $183,631 Less: Allowance for doubtful accounts (3,258 ) (2,038 ) Accounts receivable, net $189,617 $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) July 31, 2016 October 31, 2015 Costs incurred on uncompleted contracts $31,831 $22,645 Estimated earnings 25,608 16,116 57,439 38,761 Less: Billings to date (48,652 ) (36,442 ) $8,787 $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) $10,628 $6,263 Accrued expenses and other current liabilities (billings in excess of costs and estimated earnings) (1,841 ) (3,944 ) $8,787 $2,319
Schedule of Inventories [Table Text Block]	Inventories (in thousands) July 31, 2016 October 31, 2015 Finished products $130,523 $119,262 Work in process 36,333 32,201 Materials, parts, assemblies and supplies 116,910 89,739 Contracts in process 4,111 4,521 Less: Billings to date (1,198 ) (2,206 ) Inventories, net of valuation reserves $286,679 $243,517
Schedule of Property, Plant and Equipment [Table Text Block]	Property, Plant and Equipment (in thousands) July 31, 2016 October 31, 2015 Land $5,092 $5,060 Buildings and improvements 75,732 70,626 Machinery, equipment and tooling 168,735 152,022 Construction in progress 10,189 4,668 259,748 232,376 Less: Accumulated depreciation and amortization (140,813 ) (126,706 ) Property, plant and equipment, net $118,935 $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 nine and three months ended July 31, 2016 and 2015 is as follows (in thousands): Nine months ended July 31, Three months ended July 31, 2016 2015 2016 2015 R&D expenses $32,666 $28,860 $12,674 $9,421
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): July 31, 2016 October 31, 2015 Redeemable at fair value $73,553 $76,929 Redeemable based on a multiple of future earnings 14,353 14,353 Redeemable noncontrolling interests $87,906 $91,282
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Changes in the components of accumulated other comprehensive loss for the nine months ended July 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 gain 2,708 — 2,708 Balances as of July 31, 2016 ($21,660 ) ($712 ) ($22,372 )

GOODWILL AND OTHER INTANGIBLE22

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Jul. 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 nine months ended July 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 — 98,580 98,580 Foreign currency translation adjustments 262 593 855 Adjustments to goodwill (569 ) 28 (541 ) Balances as of July 31, 2016 $337,200 $528,333 $865,533
Schedule Of Identifiable Intangible Assets [Table Text Block]	Identifiable intangible assets consist of the following (in thousands): As of July 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 $248,704 ($82,501 ) $166,203 $190,450 ($63,461 ) $126,989 Intellectual property 140,091 (30,704 ) 109,387 98,143 (22,912 ) 75,231 Licenses 6,559 (2,174 ) 4,385 4,200 (1,882 ) 2,318 Non-compete agreements 814 (814 ) — 914 (914 ) — Patents 774 (474 ) 300 746 (447 ) 299 Trade names 466 (67 ) 399 166 (38 ) 128 397,408 (116,734 ) 280,674 294,619 (89,654 ) 204,965 Non-Amortizing Assets: Trade names 96,154 — 96,154 67,628 — 67,628 $493,562 ($116,734 ) $376,828 $362,247 ($89,654 ) $272,593

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Jul. 31, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt consists of the following (in thousands): July 31, 2016 October 31, 2015 Borrowings under revolving credit facility $507,743 $365,203 Capital leases 2,162 2,395 509,905 367,598 Less: Current maturities of long-term debt (335 ) (357 ) $509,570 $367,241

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Jul. 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 July 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 $— $87,458 $— $87,458 Equity securities 1,975 — — 1,975 Mutual funds 1,737 — — 1,737 Money market funds 1,514 — — 1,514 Other 1,017 50 — 1,067 Total assets $6,243 $87,508 $— $93,751 Liabilities: Contingent consideration $— $— $18,777 $18,777 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 Equity securities 1,845 — — 1,845 Mutual funds 1,665 — — 1,665 Money market funds 3,832 — — 3,832 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 July 31, 2016 were as follows: Fiscal 2016 Acquisition Fiscal 2015 Acquisition Compound annual revenue growth rate range (3 %) - 11% 4 % - 17% Weighted average discount rate 3.7% 1.7%
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 nine months ended July 31, 2016 are as follows (in thousands): Balance as of October 31, 2015 $21,405 Increase in accrued contingent consideration 2,635 Contingent consideration related to acquisition 1,225 Payment of contingent consideration (6,960 ) Foreign currency transaction adjustments 472 Balance as of July 31, 2016 $18,777 Included in the accompanying Condensed Consolidated Balance Sheet under the following captions: Accrued expenses and other current liabilities $6,963 Other long-term liabilities 11,814 $18,777

NET INCOME PER SHARE ATTRIBUT25

NET INCOME PER SHARE ATTRIBUTABLE TO HEICO SHAREHOLDERS (Tables)	9 Months Ended
	Jul. 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): Nine months ended July 31, Three months ended July 31, 2016 2015 2016 2015 Numerator: Net income attributable to HEICO $111,930 $95,114 $42,002 $34,369 Denominator: Weighted average common shares outstanding - basic 66,975 66,706 67,126 66,813 Effect of dilutive stock options 1,107 1,084 1,152 1,088 Weighted average common shares outstanding - diluted 68,082 67,790 68,278 67,901 Net income per share attributable to HEICO shareholders: Basic $1.67 $1.43 $.63 $.51 Diluted $1.64 $1.40 $.62 $.51 Anti-dilutive stock options excluded 675 352 574 445

OPERATING SEGMENTS (Tables)

OPERATING SEGMENTS (Tables)	9 Months Ended
	Jul. 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 nine and three months ended July 31, 2016 and 2015, respectively, is as follows (in thousands): Other, (1) Consolidated Segment FSG ETG Nine months ended July 31, 2016: Net sales $647,419 $372,933 ($7,393 ) $1,012,959 Depreciation 8,973 5,854 166 14,993 Amortization 12,414 16,700 496 29,610 Operating income 118,757 89,280 (18,768 ) 189,269 Capital expenditures 13,449 9,257 407 23,113 Nine months ended July 31, 2015: Net sales $591,431 $277,439 ($8,894 ) $859,976 Depreciation 7,927 5,036 112 13,075 Amortization 9,636 11,859 496 21,991 Operating income 107,498 65,996 (12,790 ) 160,704 Capital expenditures 9,000 4,457 310 13,767 Three months ended July 31, 2016: Net sales $222,553 $136,215 ($2,684 ) $356,084 Depreciation 3,049 1,878 54 4,981 Amortization 4,169 6,105 165 10,439 Operating income 41,969 33,609 (5,724 ) 69,854 Capital expenditures 5,034 2,516 17 7,567 Three months ended July 31, 2015: Net sales $206,599 $97,223 ($3,452 ) $300,370 Depreciation 2,834 1,688 41 4,563 Amortization 3,568 3,629 165 7,362 Operating income 39,250 24,372 (5,112 ) 58,510 Capital expenditures 2,523 1,600 184 4,307 (1) Intersegment activity principally consists of net sales from the ETG to the FSG.
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Total assets by operating segment as of July 31, 2016 and October 31, 2015 are as follows (in thousands): Other, Consolidated Segment FSG ETG Total assets as of July 31, 2016 $867,968 $1,010,480 $138,872 $2,017,320 Total assets as of October 31, 2015 868,218 746,018 122,151 1,736,387

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Jul. 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 nine months ended July 31, 2016 and 2015, respectively, are as follows (in thousands): Nine months ended July 31, 2016 2015 Balances as of beginning of fiscal year $3,203 $4,079 Accruals for warranties 1,765 579 Acquired warranty liabilities — 35 Warranty claims settled (1,869 ) (1,634 ) Balances as of July 31 $3,099 $3,059

ACQUISITIONS ACQUISITIONS (Deta

ACQUISITIONS ACQUISITIONS (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015
Business Acquisition [Line Items]
Cash paid, net	$ 263,811	$ 56,198
Electronic Technologies Group [Member] | Robertson [Member]
Business Acquisition [Line Items]
Cash paid	256,293
Cash acquired	(3,271)
Cash paid, net	$ 253,022

ACQUISITIONS ACQUISITIONS (De29

ACQUISITIONS ACQUISITIONS (Details 2) - USD ($) $ in Thousands	Jul. 31, 2016	Oct. 31, 2015
Assets acquired [Abstract]
Goodwill	$ 865,533	$ 766,639
Electronic Technologies Group [Member]
Assets acquired [Abstract]
Goodwill	528,333	$ 429,132
Electronic Technologies Group [Member] | Robertson [Member]
Assets acquired [Abstract]
Goodwill	91,705
Inventories	27,955
Property, plant and equipment	7,200
Accounts receivable	5,000
Other assets	1,883
Total assets acquired, excluding cash	256,843
Liabilities assumed [Abstract]
Accounts payable	3,174
Accrued expenses	647
Total liabilities assumed	3,821
Net assets acquired, excluding cash	253,022
Customer Relationships [Member] | Electronic Technologies Group [Member] | Robertson [Member]
Assets acquired [Abstract]
Finite-Lived Intangibles	55,100
Intellectual Property [Member] | Electronic Technologies Group [Member] | Robertson [Member]
Assets acquired [Abstract]
Finite-Lived Intangibles	39,600
Trade Names [Member] | Electronic Technologies Group [Member] | Robertson [Member]
Assets acquired [Abstract]
Identifiable intangible assets	$ 28,400

ACQUISITIONS ACQUISITIONS (De30

ACQUISITIONS ACQUISITIONS (Details 3) - Electronic Technologies Group [Member] - Robertson [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Business Acquisition [Line Items]
Net sales	$ 356,084	$ 325,527	$ 1,034,293	$ 921,563
Net income from consolidated operations	47,435	42,726	133,078	113,946
Net income attributable to parent	$ 42,461	$ 38,157	$ 118,379	$ 99,527
Net income per share attributable to parent shareholders
Basic	$ 0.63	$ 0.57	$ 1.77	$ 1.49
Diluted	$ 0.62	$ 0.56	$ 1.74	$ 1.47

ACQUISITIONS (Details Textuals)

ACQUISITIONS (Details Textuals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015	Oct. 31, 2015
Business Acquisition [Line Items]
Contingent consideration	$ 18,777		$ 18,777		$ 21,405
Revenue, Net	356,084	$ 300,370	1,012,959	$ 859,976
Net income attributable to HEICO	42,002	$ 34,369	$ 111,930	$ 95,114
Electronic Technologies Group [Member] | Certain Assets [Member]
Business Acquisition [Line Items]
Effective Date of Acquisition			Dec. 31, 2015
Contingent consideration	1,200		$ 1,200
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
Maximum amount of contingent consideration	2,000		$ 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
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.
Acquisition costs	3,100		$ 3,100
Revenue, Net	30,600		60,100
Net income attributable to HEICO	$ 5,000		$ 8,800
Customer Relationships [Member] | Electronic Technologies Group [Member] | Robertson [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			15 years
Intellectual Property [Member] | Electronic Technologies Group [Member] | Robertson [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			22 years

SELECTED FINANCIAL STATEMENT 32

SELECTED FINANCIAL STATEMENT INFORMATION (Accounts Receivable) (Details) - USD ($) $ in Thousands	Jul. 31, 2016	Oct. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 192,875	$ 183,631
Less: Allowance for doubtful accounts	(3,258)	(2,038)
Accounts receivable, net	$ 189,617	$ 181,593

SELECTED FINANCIAL STATEMENT 33

SELECTED FINANCIAL STATEMENT INFORMATION (Costs and Estimated Earnings on Uncompleted POC Contracts) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jul. 31, 2016	Oct. 31, 2015
Costs incurred on uncompleted contracts	$ 31,831	$ 22,645
Estimated Earnings	25,608	16,116
Estimated Revenue on Completed Percentage-of-Completion Contracts	57,439	38,761
Billed Contracts Receivable	(48,652)	(36,442)
Unbilled Contracts Receivable	8,787	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)	10,628	6,263
Accrued expenses and other current liabilities (billings in excess of costs and estimated earnings)	(1,841)	(3,944)
Unbilled Contracts Receivable	$ 8,787	$ 2,319

SELECTED FINANCIAL STATEMENT 34

SELECTED FINANCIAL STATEMENT INFORMATION (Inventories) (Details) - USD ($) $ in Thousands	Jul. 31, 2016	Oct. 31, 2015
Inventory [Line Items]
Finished products	$ 130,523	$ 119,262
Work in process	36,333	32,201
Materials, parts, assemblies and supplies	116,910	89,739
Contracts in process	4,111	4,521
Less: Billings to date	(1,198)	(2,206)
Inventories, net of valuation reserves	$ 286,679	$ 243,517

SELECTED FINANCIAL STATEMENT 35

SELECTED FINANCIAL STATEMENT INFORMATION (Property, Plant and Equipment) (Details) - USD ($) $ in Thousands	Jul. 31, 2016	Oct. 31, 2015
Property, Plant and Equipment [Line Items]
Land	$ 5,092	$ 5,060
Buildings and improvements	75,732	70,626
Machinery, equipment and tooling	168,735	152,022
Construction in progress	10,189	4,668
Property, plant and equipment, gross	259,748	232,376
Less: Accumulated depreciation and amortization	(140,813)	(126,706)
Property, plant and equipment, net	$ 118,935	$ 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		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Selected Financial Statement Information (Details) [Abstract]
R&D expenses	$ 12,674	$ 9,421	$ 32,666	$ 28,860

SELECTED FINANCIAL STATEMENT 37

SELECTED FINANCIAL STATEMENT INFORMATION SELECTED FINANCIAL STATEMENT INFORMATION (Redeemable Noncontrolling Interests) (Details) - USD ($) $ in Thousands	Jul. 31, 2016	Oct. 31, 2015
Redeemable Noncontrolling Interest [Line Items]
Redeemable at fair value	$ 73,553	$ 76,929
Redeemable noncontrolling interests	87,906	91,282
Maximum [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable Noncontrolling Interest, Equity, Fair Value	$ 14,353	$ 14,353

SELECTED FINANCIAL STATEMENT 38

SELECTED FINANCIAL STATEMENT INFORMATION SELECTED FINANCIAL STATEMENT INFORMATION (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Starting accumulated other comprehensive loss			$ (25,080)
Other Comprehensive Income (Loss), Net of Tax	$ (3,639)	$ (5,442)	2,909	$ (17,177)
Ending accumulated other comprehensive loss	(22,372)		(22,372)
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			2,708
Ending accumulated other comprehensive loss	(21,660)		(21,660)
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)		(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			2,708
Ending accumulated other comprehensive loss	$ (22,372)		$ (22,372)

SELECTED FINANCIAL STATEMENT 39

SELECTED FINANCIAL STATEMENT INFORMATION (Details Textuals) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015	Oct. 31, 2015
Business Acquisition [Line Items]
Accrued customer rebates and credits	$ 10.9		$ 10.9		$ 8.1
Total customer rebates and credits deducted within net sales	$ 3.1	$ 1.4	$ 8.3	$ 4.3
Flight Support Group [Member] | FY 2011 Acquisition [Member]
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	19.90%		19.90%
Noncontrolling Interest, Ownership Percentage by Parent	90.05%		90.05%

GOODWILL AND OTHER INTANGIBLE40

GOODWILL AND OTHER INTANGIBLE ASSETS (Goodwill) (Details) $ in Thousands	9 Months Ended
	Jul. 31, 2016USD ($)
Goodwill [Line Items]
Balances as of October 31, 2015	$ 766,639
Goodwill acquired	98,580
Foreign currency translation adjustments	855
Adjustments to goodwill	(541)
Balances as of April 30, 2016	865,533
Flight Support Group [Member]
Goodwill [Line Items]
Balances as of October 31, 2015	337,507
Goodwill acquired	0
Foreign currency translation adjustments	262
Adjustments to goodwill	(569)
Balances as of April 30, 2016	337,200
Electronic Technologies Group [Member]
Goodwill [Line Items]
Balances as of October 31, 2015	429,132
Goodwill acquired	98,580
Foreign currency translation adjustments	593
Adjustments to goodwill	28
Balances as of April 30, 2016	$ 528,333

GOODWILL AND OTHER INTANGIBLE41

GOODWILL AND OTHER INTANGIBLE ASSETS (Identifiable Intangible Assets) (Details) - USD ($) $ in Thousands	Jul. 31, 2016	Oct. 31, 2015
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 397,408	$ 294,619
Accumulated Amortization	(116,734)	(89,654)
Net Carrying Amount	280,674	204,965
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Asset Gross Carrying Amount	493,562	362,247
Intangible Asset Net Carrying Amount	376,828	272,593
Trade Names [Member]
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]
Gross Carrying Amount	96,154	67,628
Net Carrying Amount	96,154	67,628
Customer Relationships [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	248,704	190,450
Accumulated Amortization	(82,501)	(63,461)
Net Carrying Amount	166,203	126,989
Intellectual Property [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	140,091	98,143
Accumulated Amortization	(30,704)	(22,912)
Net Carrying Amount	109,387	75,231
Licensing Agreements [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	6,559	4,200
Accumulated Amortization	(2,174)	(1,882)
Net Carrying Amount	4,385	2,318
Noncompete Agreements [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	814	914
Accumulated Amortization	(814)	(914)
Net Carrying Amount	0	0
Patents [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	774	746
Accumulated Amortization	(474)	(447)
Net Carrying Amount	300	299
Trade Names [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	466	166
Accumulated Amortization	(67)	(38)
Net Carrying Amount	$ 399	$ 128

GOODWILL AND OTHER INTANGIBLE42

GOODWILL AND OTHER INTANGIBLE ASSETS (Details Textuals) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Acquired Indefinite-lived Intangible Assets [Line Items]
Amortization expense related to intangible assets	$ 9.4	$ 6.6	$ 27	$ 19.7
Estimated Amortization Expense, remainder of fiscal 2015	9.4		9.4
Estimated Amortization Expense, for fiscal 2016	36.6		36.6
Estimated Amortization Expense, for fiscal 2017	34.6		34.6
Estimated Amortization Expense, for fiscal 2018	32.5		32.5
Estimated Amortization Expense, for fiscal 2019	29.8		29.8
Estimated Amortization Expense, for fiscal 2020	27.3		27.3
Estimated Amortization Expense, thereafter	$ 110.5		$ 110.5

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Jul. 31, 2016	Oct. 31, 2015
Borrowings under revolving credit facility	$ 507,743	$ 365,203
Capital leases	2,162	2,395
Total debt and capital leases	509,905	367,598
Less: Current maturities of long-term debt	(335)	(357)
Long-term debt, net of current maturities	$ 509,570	$ 367,241

LONG-TERM DEBT (Details Textual

LONG-TERM DEBT (Details Textuals)	Jul. 31, 2016	Oct. 31, 2015
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Weighted average interest rate	1.70%	1.30%

INCOME TAXES (Details Textuals)

INCOME TAXES (Details Textuals)	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Income Tax Disclosure [Abstract]
Effective Income Tax Rate, Continuing Operations	30.50%	32.00%	30.90%	30.60%

FAIR VALUE MEASUREMENTS (Fair V

FAIR VALUE MEASUREMENTS (Fair Value Hierarchy, by Category) (Details) - USD ($)	Jul. 31, 2016	Oct. 31, 2015
Deferred Compensation Plans [Abstract]
Deferred compensation plans	$ 93,751,000	$ 81,576,000
Liabilities:
Contingent consideration	18,777,000	21,405,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	6,243,000	8,288,000
Liabilities:
Contingent consideration	0	0
Significant Other Observable Inputs (Level 2) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	87,508,000	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	18,777,000	21,405,000
Corporate Owned Life Insurance [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	87,458,000	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	87,458,000	73,238,000
Corporate Owned Life Insurance [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	1,975,000	1,845,000
Equity Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	1,975,000	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	1,737,000	1,665,000
Equity Funds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	1,737,000	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
Money Market Funds [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	1,514,000	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	1,514,000	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
Other Defined Deferred Compensation Plan [Member]
Deferred Compensation Plans [Abstract]
Deferred compensation plans	1,067,000	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	1,017,000	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]	9 Months Ended
	Jul. 31, 2016
FY 2016 Acquisition [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate	3.70%
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	1.70%
FY 2015 Acquisition [Member] | Minimum [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Long-term Revenue Growth Rate	4.00%
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	9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Oct. 31, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Business Combination, Consideration Transferred	$ (2,635)	$ 412
Liabilities [Abstract]
Total liabilities	18,777		$ 21,405
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balances as of October 31, 2015, Liabilities	21,405
Business Combination, Consideration Transferred, Liabilities Incurred	1,225
Increase in accrued contingent consideration	2,635
Business Combination, Consideration Transferred	(6,960)
Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	472
Balances as of April 30, 2016, Liabilities	18,777
Liabilities [Abstract]
Accrued Liabilities, Current	6,963
Other Liabilities, Noncurrent	11,814
Total liabilities	$ 18,777		$ 21,405

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details Textuals) € in Millions	Jul. 31, 2016EUR (€)	Jul. 31, 2016USD ($)	Oct. 31, 2015USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities		$ 18,777,000	$ 21,405,000
Assets held within irrevocable trusts and classified within other assets		93,751,000	81,576,000
Related liabilities of deferred compensation plans, specified as other long-term liabilities		92,700,000	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		89,000,000	77,100,000
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities		0	0
Assets held within irrevocable trusts and classified within other assets		87,508,000	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		87,900,000	76,200,000
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities		18,777,000	21,405,000
Assets held within irrevocable trusts and classified within other assets		0	$ 0
Business Combinations [Abstract]
Accrued Liabilities, Current		6,963,000
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]
Total liabilities	€ 15.7	17,500,000
Contingent Consideration Arrangements, Per Year Amount | €	6.1
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | €	€ 24.4
Business Combinations [Abstract]
Accrued Liabilities, Current		7,000,000
Electronic Technologies Group [Member] | FY 2016 Acquisition [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities		1,300,000
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		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Numerator:
Net income attributable to HEICO	$ 42,002	$ 34,369	$ 111,930	$ 95,114
Denominator:
Weighted Average Number of Shares Outstanding, Basic	67,126	66,813	66,975	66,706
Effect of dilutive stock options	1,152	1,088	1,107	1,084
Weighted Average Number of Shares Outstanding, Diluted	68,278	67,901	68,082	67,790
Earnings Per Share, Basic	$ 0.63	$ 0.51	$ 1.67	$ 1.43
Earnings Per Share, Diluted	$ 0.62	$ 0.51	$ 1.64	$ 1.40
Anti-dilutive stock options excluded	574	445	675	352

OPERATING SEGMENTS (Details)

OPERATING SEGMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Segment Reporting Information [Line Items]
Revenues	$ 356,084	$ 300,370	$ 1,012,959	$ 859,976
Depreciation	4,981	4,563	14,993	13,075
Amortization	10,439	7,362	29,610	21,991
Operating income	69,854	58,510	189,269	160,704
Capital expenditures	7,567	4,307	23,113	13,767
Corporate And Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(2,684)	(3,452)	(7,393)	(8,894)
Depreciation	54	41	166	112
Amortization	165	165	496	496
Operating income	(5,724)	(5,112)	(18,768)	(12,790)
Capital expenditures	17	184	407	310
Flight Support Group [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	222,553	206,599	647,419	591,431
Depreciation	3,049	2,834	8,973	7,927
Amortization	4,169	3,568	12,414	9,636
Operating income	41,969	39,250	118,757	107,498
Capital expenditures	5,034	2,523	13,449	9,000
Electronic Technologies Group [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	136,215	97,223	372,933	277,439
Depreciation	1,878	1,688	5,854	5,036
Amortization	6,105	3,629	16,700	11,859
Operating income	33,609	24,372	89,280	65,996
Capital expenditures	$ 2,516	$ 1,600	$ 9,257	$ 4,457

OPERATING SEGMENTS (Details 1)

OPERATING SEGMENTS (Details 1) - USD ($) $ in Thousands	Jul. 31, 2016	Oct. 31, 2015
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 2,017,320	$ 1,736,387
Other Primarily Corporate and Intersegment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	138,872	122,151
Flight Support Group [Member] | Operating Segments [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	867,968	868,218
Electronic Technologies Group [Member] | Operating Segments [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 1,010,480	$ 746,018

COMMITMENTS AND CONTINGENCIES53

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015
Schedule of Product Warranties [Line Items]
Balances as of beginning of fiscal year	$ 3,203	$ 4,079
Accruals for warranties	1,765	579
Acquired warranty liabilities	0	35
Warranty claims settled	(1,869)	(1,634)
Balances as of end of period	$ 3,099	$ 3,059

COMMITMENTS AND CONTINGENCIES54

COMMITMENTS AND CONTINGENCIES (Details Textuals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 2,500		$ 2,500
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	$ 12,674	$ 9,421	$ 32,666	$ 28,860