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Other Assets
 12 Months Ended
Oct. 31, 2011
Other Assets [Abstract]  
Other Assets

5. Other Assets

Other assets consist of the following (in thousands):

 

                 
    October 31,
2011		     October 31,
2010		  

Intangibles, net

   $ 10,771     $ 2,872  

Grower advances

     1,531       1,827  

Loan to Agricola Belher

     3,380       1,225  

Other

     440       316  
   

 

 

    

 

 

  
    $ 16,122     $ 6,240  
   

 

 

    

 

 

  

Intangible assets consist of the following (in thousands):

 

 

                                                     
        October 31, 2011     October 31, 2010  
    Weighted-
Average
Useful Life		   Gross
Carrying
Value		     Accum.
Amortization		     Net
Book
Value		     Gross
Carrying
Value		     Accum.
Amortization		     Net
Book
Value		  

Customer list/relationships

   8.0 years   $ 7,640     $ (445 )    $ 7,195     $ 240     $ (26 )    $ 214  

Trade names

   8.4 years     3,009       (1,207 )      1,802       2,087       (989 )      1,098  

Trade secrets/recipes

   11.9 years     1,520       (205 )      1,315       1,350       (78 )      1,272  

Brand name intangibles

   indefinite     275       —         275       275       —         275  

Non-competition agreements

   5.0 years     267       (83 )      184       67       (54 )      13  
       

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Intangibles, net

       $ 12,711     $ (1,940 )    $ 10,771     $ 4,019     $ (1,147 )    $ 2,872  
       

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

We recorded amortization expense of approximately $0.8 million, $0.3 million, and $0.2 million for fiscal years 2011, 2010, and 2009. We anticipate recording amortization expense of approximately $1.4 million for each of the fiscal years 2012 through 2015. We anticipate recording amortization expense of approximately $1.3 million for fiscal year 2016. The remainder of approximately $3.5 million will be amortized over fiscal years 2017 through 2023. See Note 17 for discussion regarding our acquisition of Renaissance Food Group, LLC.