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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Jan. 29, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | NOTE B - GOODWILL AND INTANGIBLE ASSETS Goodwill: As a result of the organizational changes referenced in Note A - Summary of Significant Accounting Policies, the Company conducted an assessment of its operating segments and reporting units. Based on this analysis, goodwill was reallocated using the relative fair value approach. Subsequent to the goodwill reclassification, the Company completed quantitative impairment testing on each reporting unit. The fair value of each reporting unit exceeded its carrying amount, therefore, no impairment charges were recorded. The change in the carrying amounts of goodwill for the quarter ended January 29, 2023, are:
in thousands | Retail |  | Foodservice |  | International |  | Total
Balance at October 30, 2022 | $ | 2,916,796 |  |  | $ | 1,750,594 |  |  | $ | 258,440 |  |  | $ | 4,925,829 |
Foreign Currency Translation | — |  |  | — |  |  | 2,093 |  |  | 2,093 |
Balance at January 29, 2023 | $ | 2,916,796 |  |  | $ | 1,750,594 |  |  | $ | 260,533 |  |  | $ | 4,927,923 |
Intangible Assets: The carrying amounts for indefinite-lived intangible assets are:
in thousands | January 29, 2023 |  | October 30, 2022
Brands/Tradenames/Trademarks | $ | 1,665,190 |  |  | $ | 1,665,190 |
Other Intangibles | 184 |  |  | 184 |
Foreign Currency Translation | (6,372) |  |  | (6,599) |
Total | $ | 1,659,002 |  |  | $ | 1,658,775 |
The gross carrying amount and accumulated amortization for definite-lived intangible assets are:
| January 29, 2023 |  |  |  | October 30, 2022
in thousands | Gross Carrying Amount |  | Accumulated Amortization |  |  |  | Gross Carrying Amount |  | Accumulated Amortization |  |
Customer Lists/Relationships | $ | 168,239 |  |  | $ | (72,995) |  |  |  |  | $ | 168,239 |  |  | $ | (69,779) |  |  |
Other Intangibles | 59,241 |  |  | (12,669) |  |  |  |  | 59,241 |  |  | (11,606) |  |  |
Tradenames/Trademarks | 6,540 |  |  | (4,161) |  |  |  |  | 10,536 |  |  | (7,828) |  |  |
Foreign Currency Translation | — |  |  | (4,465) |  |  |  |  | — |  |  | (4,551) |  |  |
Total | $ | 234,020 |  |  | $ | (94,290) |  |  |  |  | $ | 238,016 |  |  | $ | (93,764) |  |  |
Amortization expense was $4.6 million for the quarter ended January 29, 2023, compared to $4.8 million for the quarter ended January 30, 2022. Estimated annual amortization expense for the five fiscal years after October 30, 2022, is as follows:
in thousands | Amortization Expense
2023 | $ | 18,320 |
2024 | 16,331 |
2025 | 14,628 |
2026 | 14,172 |
2027 | 13,940 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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