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Other assets
6 Months Ended
Apr. 30, 2012
Other assets [Abstract]  
Other assets

5.    Other assets

Other assets consist of the following (in thousands):

 

                 
    April 30,
2012
    October 31,
2011
 

Intangibles, net

  $ 10,054     $ 10,771  

Grower advances

    1,383       1,531  

Loan to Agricola Belher

    3,380       3,380  

Other

    425       440  
   

 

 

   

 

 

 
    $ 15,242     $ 16,122  
   

 

 

   

 

 

 

 

Intangible assets consist of the following (in thousands):

 

                                                         
          April 30, 2012    

October 31, 2011

 
    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     $ (926   $ 6,714     $ 7,640     $ (445   $ 7,195  

Trade names

    8.4 years       3,009       (1,342     1,667       3,009       (1,207     1,802  

Trade secrets/recipes

    12.0 years       1,520       (286     1,234       1,520       (205     1,315  

Brand name intangibles

    indefinite       275       —         275       275       —         275  

Non-competition agreements

    5.0 years       267       (103     164       267       (83     184  
           

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Intangibles, net

          $ 12,711     $ (2,657   $ 10,054     $ 12,711     $ (1,940   $ 10,771  
           

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

We anticipate recording amortization expense of approximately $0.7 million for the remainder of fiscal 2012, with $1.4 million of amortization expense for each of the fiscal years 2013 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.