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Other Assets
12 Months Ended
Oct. 31, 2013
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]  
Other Assets

5. Other Assets

Other assets consist of the following (in thousands):

 

     October 31,
2013
     October 31,
2012
 

Intangibles, net

   $ 7,272       $ 9,328   

Grower advances

     938         1,234   

Loan to Agricola Belher

     1,690         3,380   

Loan to FreshRealm members

     283         —     

Notes receivable from San Rafael

     1,594         1,873   

Other

     570         427   
  

 

 

    

 

 

 
   $ 12,347       $ 16,242   
  

 

 

    

 

 

 

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.

Effective July 31, 2013, we entered into with certain noncontrolling members an Amended and Restated Limited Liability Company Agreement of FreshRealm. As part of this agreement, we loaned certain noncontrolling members $0.3 million for their part of the contribution into FreshRealm. See Note 17 for further information regarding FreshRealm.

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

 

           

October 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       $ (2,364   $ 5,276       $ 7,640       $ (1,405   $ 6,235   

Trade names

     8.5years         2,760         (1,636     1,124         3,009         (1,489     1,520   

Trade secrets/recipes

     12.2 years         630         (137     493         1,520         (366     1,154   

Brand name intangibles

     indefinite         275         —          275         275         —          275   

Non-competition agreements

     5.0 years         267         (163     104         267         (123     144   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Intangibles, net

      $ 11,572       $ (4,300   $ 7,272       $ 12,711       $ (3,383   $ 9,328   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

We recorded amortization expense of approximately $1.4 million, $1.4 million, and $0.8 million for fiscal years 2013, 2012, and 2011. We anticipate recording amortization expense of approximately $1.3 million for each of the fiscal years 2014 through 2015. We anticipate recording amortization expense of approximately $1.2 million for fiscal year 2016. We anticipate recording amortization expense of approximately $1.1 million for fiscal years 2017 through 2018. The remainder of approximately $0.8 million will be amortized over fiscal years 2019 through 2023.

For fiscal year 2013, we performed our annual assessment of long-lived assets and determined that an impairment of $0.6 million existed related to the trade name and trade secrets/recipes of CSL. This impairment was a result of less than anticipated sales since acquisition and was calculated via a forecast projection analysis, with consultation from a third party consulting firm.