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Other Assets

12 Months Ended

Oct. 31, 2012

5. Other Assets

Other assets consist of the following (in thousands):


	October 31, 2012		October 31, 2011
Intangibles, net	$	9,328	$	10,771
Grower advances		1,234		1,531
Loan to Agricola Belher		3,380		3,380
Notes receivable from San Rafael		1,873		—
Other		427		440

	$	16,242	$	16,122

On October 31, 2012, we entered into a Sale Agreement with San Rafael, pursuant to which the Company has agreed to sell to San Rafael all of our interest, representing one-half ownership, in Maui Fresh International for $2.6 million. See Note 17 for further information regarding the sale of Maui Fresh.

The intangible assets consist of the following (in thousands):


		October 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	$	(1,405	)	$	6,235	$	7,640	$	(445	)	$	7,195
Trade names	8.4 years		3,009		(1,489	)		1,520		3,009		(1,207	)		1,802
Trade secrets/recipes	11.9 years		1,520		(366	)		1,154		1,520		(205	)		1,315
Brand name intangibles	indefinite		275		—			275		275		—			275
Non-competition agreements	5.0 years		267		(123	)		144		267		(83	)		184

Intangibles, net		$	12,711	$	(3,383	)	$	9,328	$	12,711	$	(1,940	)	$	10,771

We recorded amortization expense of approximately $1.4 million, $0.8 million, and $0.3 million for fiscal years 2012, 2011, and 2010. We anticipate recording amortization expense of approximately $1.4 million for each of the fiscal years 2013 through 2015. We anticipate recording amortization expense of approximately $1.3 million for fiscal year 2016. We anticipate recording amortization expense of approximately $1.2 million for fiscal year 2017. The remainder of approximately $2.3 million will be amortized over fiscal years 2018 through 2023. See Note 16 for discussion regarding our acquisition of Renaissance Food Group, LLC.