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Other assets
3 Months Ended
Jan. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets

5.Other assets

 

Other assets consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

    

January 31, 

    

October 31, 

 

 

 

2019

 

2018

 

Intangibles, net

 

$

833

 

$

1,109

 

Mexican IVA (i.e. value-added) taxes receivable (see note 11)

 

 

24,042

 

 

21,859

 

Infrastructure advance to Agricola Belher

 

 

2,600

 

 

2,600

 

Notes receivable from San Rafael

 

 

 —

 

 

39

 

Other

 

 

1,571

 

 

1,423

 

 

 

$

29,046

 

$

27,030

 

 

Intangible assets consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 31, 2019

 

October 31, 2018

 

 

    

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

 

$

(7,336)

 

$

304

 

$

7,640

 

$

(7,106)

 

$

534

 

Trade names

 

8.6 years

 

 

2,760

 

 

(2,705)

 

 

55

 

 

2,760

 

 

(2,672)

 

 

88

 

Trade secrets/recipes

 

9.3 years

 

 

630

 

 

(431)

 

 

199

 

 

630

 

 

(418)

 

 

212

 

Brand name intangibles

 

indefinite

 

 

275

 

 

 —

 

 

275

 

 

275

 

 

 —

 

 

275

 

Intangibles, net

 

 

 

$

11,305

 

$

(10,472)

 

$

833

 

$

11,305

 

$

(10,196)

 

$

1,109

 

 

We anticipate recording amortization expense of approximately $0.4 million for the remainder of fiscal 2019,  $0.1 million for fiscal year 2020,  $0.1 million for fiscal year 2021,  $0.1 million for fiscal year 2022, and less than $0.1 million for thereafter, through fiscal year 2023.

 

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