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Other Intangible Assets
3 Months Ended
Jan. 30, 2015
Other Intangible Assets  
Other Intangible Assets

 

 

Other Intangible Assets

 

The components of other intangible assets were as follows:

 

(Dollars in thousands)
January 30, 2015

 

Weighted-average
Life (Years)

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Net

 

Patents

 

9.9

 

$

15,197

 

$

(9,142

)

$

6,055

 

Non-compete agreements

 

5.4

 

7,018

 

(5,485

)

1,533

 

Customer-related

 

19.0

 

84,583

 

(6,595

)

77,988

 

Developed technology

 

7.6

 

28,797

 

(17,682

)

11,115

 

Trade names

 

19.2

 

28,715

 

(1,583

)

27,132

 

Other

 

 

 

800

 

(800

)

 

Total amortizable

 

 

 

165,110

 

(41,287

)

123,823

 

Non-amortizable - trade names

 

 

 

4,881

 

 

4,881

 

Total other intangible assets, net

 

 

 

$

169,991

 

$

(41,287

)

$

128,704

 

 

October 31, 2014

 

Weighted-average
Life (Years)

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Net

 

Patents

 

9.4

 

$

10,711

 

$

(8,942

)

$

1,769

 

Non-compete agreements

 

5.4

 

7,039

 

(5,315

)

1,724

 

Customer-related

 

10.7

 

8,650

 

(5,517

)

3,133

 

Developed technology

 

7.6

 

28,841

 

(16,869

)

11,972

 

Trade names

 

5.0

 

1,515

 

(1,165

)

350

 

Other

 

 

 

800

 

(800

)

 

Total amortizable

 

 

 

57,556

 

(38,608

)

18,948

 

Non-amortizable - trade names

 

 

 

4,881

 

 

4,881

 

Total other intangible assets, net

 

 

 

$

62,437

 

$

(38,608

)

$

23,829

 

 

The change in the gross carrying amount of other intangible assets of $107.6 million from January 30, 2015 compared to October 31, 2014 was a result of intangible assets acquired from the BOSS business, as previously discussed, and changes in exchange rates.

 

Amortization expense for intangible assets during the first quarter of fiscal 2015 was $2.9 million. Estimated amortization expense for the remainder of fiscal 2015 and succeeding fiscal years is as follows: fiscal 2015 (remainder), $8.4 million; fiscal 2016, $10.6 million; fiscal 2017, $9.8 million; fiscal 2018, $7.7 million; fiscal 2019, $6.7 million; fiscal 2020, $6.2 million; and after fiscal 2020, $74.4 million.