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Other Assets
9 Months Ended
Jul. 31, 2012
Other Assets [Abstract]  
Other assets
5. Other assets

Other assets consist of the following (in thousands):

 

                 
    July 31,
2012
    October 31,
2011
 

Intangibles, net

  $ 9,689     $ 10,771  

Grower advances

    1,308       1,531  

Loan to Agricola Belher

    3,380       3,380  

Other

    428       440  
   

 

 

   

 

 

 
    $ 14,805     $ 16,122  
   

 

 

   

 

 

 

Intangible assets consist of the following (in thousands):

 

                                                     
    July 31, 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     $ (1,165   $ 6,475     $ 7,640     $ (445   $ 7,195  

Trade names

  8.4 years     3,009       (1,418     1,591       3,009       (1,207     1,802  

Trade secrets/recipes

  12.0 years     1,520       (326     1,194       1,520       (205     1,315  

Brand name intangibles

  indefinite     275       —         275       275       —         275  

Non-competition agreements

  5.0 years     267       (113     154       267       (83     184  
       

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Intangibles, net

      $ 12,711     $ (3,022   $ 9,689     $ 12,711     $ (1,940   $ 10,771  
       

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

We anticipate recording amortization expense of approximately $0.4 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.