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Other assets
9 Months Ended
Jul. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other assets

5.Other assets

 

Other assets consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

    

July 31, 

    

October 31, 

 

 

 

2016

 

2015

 

 

 

 

 

 

 

 

 

Intangibles, net

 

$

3,660

 

$

4,613

 

Mexican IVA (i.e. value-added) taxes receivable

 

 

7,061

 

 

5,853

 

Grower advances

 

 

123

 

 

346

 

Loan to Agricola Belher

 

 

800

 

 

800

 

Loan to FreshRealm members

 

 

315

 

 

307

 

Notes receivable from San Rafael

 

 

1,305

 

 

1,286

 

Other

 

 

1,031

 

 

796

 

 

 

$

14,295

 

$

14,001

 

 

Intangible assets consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2016

 

October 31, 2015

 

 

    

Weighted-

    

Gross

    

 

 

    

Net

    

Gross

    

 

 

    

Net

 

 

 

Average

 

Carrying

 

Accum.

 

Book

 

Carrying

 

Accum.

 

Book

 

 

 

Useful Life

 

Value

 

Amortization

 

Value

 

Value

 

Amortization

 

Value

 

Customer list/relationships

 

8.0 years

 

$

7,640

 

$

(4,997)

 

$

2,643

 

$

7,640

 

$

(4,282)

 

$

3,358

 

Trade names

 

8.2 years

 

 

2,760

 

 

(2,342)

 

 

418

 

 

2,760

 

 

(2,164)

 

 

596

 

Trade secrets/recipes

 

9.3 years

 

 

630

 

 

(306)

 

 

324

 

 

630

 

 

(270)

 

 

360

 

Brand name intangibles

 

indefinite

 

 

275

 

 

 

 

275

 

 

275

 

 

 

 

275

 

Non-competition agreements

 

5.0 years

 

 

267

 

 

(267)

 

 

 —

 

 

267

 

 

(243)

 

 

24

 

Intangibles, net

 

 

 

$

11,572

 

$

(7,912)

 

$

3,660

 

$

11,572

 

$

(6,959)

 

$

4,613

 

 

We anticipate recording amortization expense of approximately $0.3 million for the remainder of fiscal 2016, with $1.1 million for fiscal year 2017 and 2018,  $0.7 million for fiscal year 2019, and $0.2 million for years thereafter, through fiscal year 2023.

 

See Note 11, for additional information related to Mexican IVA taxes.