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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Oct. 29, 2017
Goodwill and Intangible Assets |
Schedule of changes in the carrying amount of goodwill |
(in thousands) | Grocery Products | Refrigerated Foods | Jennie-O Turkey Store | Specialty Foods | International & Other | Total
Balance as of October 25, 2015 | $ 322,421 | $ 584,684 | $ 203,214 | $ 424,907 | $ 164,258 | $ 1,699,484
Goodwill acquired | 186,379 | – | – | – | – | 186,379
Purchase adjustments | – | (241) | – | – | – | (241)
Goodwill sold | – | – | – | (50,134) | – | (50,134)
Impairment charge | – | – | – | (991) | – | (991)
Balance as of October 30, 2016 | $ 508,800 | $ 584,443 | $ 203,214 | $ 373,782 | $ 164,258 | $ 1,834,497
Goodwill acquired | – | 223,082 | – | – | 74,060 | 297,142
Goodwill sold | – | (11,826) | – | – | – | (11,826)
Balance as of October 29, 2017 | $ 508,800 | $ 795,699 | $ 203,214 | $ 373,782 | $ 238,318 | $ 2,119,813
Schedule of gross carrying amount and accumulated amortization for definite-lived intangible assets |
| October 29, 2017 | October 30, 2016
| Gross |  | Weighted- | Gross |  | Weighted-
| Carrying | Accumulated | Avg Life | Carrying | Accumulated | Avg Life
(in thousands) | Amount | Amortization | (in Years) | Amount | Amortization | (in Years)
Customer lists/relationships | $ 115,940 | $ (25,973) | 12.3 | $ 88,240 | $ (20,737) | 12.2
Formulas and recipes | 1,950 | (1,950) | 10.0 | 1,950 | (1,796) | 10.0
Other intangibles | 3,100 | (2,044) | 5.8 | 3,520 | (1,677) | 6.3
Total | $ 120,990 | $ (29,967) | 12.1 | $ 93,710 | $ (24,210) | 11.9
Schedule of amortization expense |
(in millions) |
2017 | $ 8.4
2016 | 8.4
2015 | 8.1
Schedule of estimated annual amortization expense | Estimated annual amortization expense for the five fiscal years after October 29, 2017, is as follows:
(in millions) |
2018 | $ 9.8
2019 | 9.7
2020 | 9.6
2021 | 9.7
2022 | 9.4
Schedule of carrying amounts for indefinite-lived intangible assets |
| October 29, | October 30,
(in thousands) | 2017 | 2016
Brands/tradenames/trademarks | $ 935,807 | $ 825,774
Other intangibles | 184 | 7,984
Total | $ 935,991 | $ 833,758

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