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Other assets
3 Months Ended
Jan. 31, 2013
Other assets [Abstract]  
Other assets

5. Other assets

Other assets consist of the following (in thousands):

 

                 
    January 31,
2013
    October 31,
2012
 

Intangibles, net

  $ 8,969     $ 9,328  

Grower advances

    1,160       1,234  

Loan to Agricola Belher

    2,535       3,380  

Notes receivable from San Rafael

    1,824       1,873  

Other

    461       427  
   

 

 

   

 

 

 
    $ 14,949     $ 16,242  
   

 

 

   

 

 

 

Intangible assets consist of the following (in thousands):

 

                                                         
          January 31, 2013     October 31, 2012  
    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     $ (1,645   $ 5,995     $ 7,640     $ (1,405   $ 6,235  

Trade names

    8.5 years       3,009       (1,558     1,451       3,009       (1,489     1,520  

Trade secrets/recipes

    12.3 years       1,520       (406     1,114       1,520       (366     1,154  

Brand name intangibles

    indefinite       275       —         275       275       —         275  

Non-competition agreements

    5.0 years       267       (133     134       267       (123     144  
           

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Intangibles, net

          $ 12,711     $ (3,742   $ 8,969     $ 12,711     $ (3,383   $ 9,328  
           

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

We anticipate recording amortization expense of approximately $1.1 million for the remainder of fiscal 2013, with $1.4 million of amortization expense for each of the fiscal years 2014 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.