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Other assets

9 Months Ended

Jul. 31, 2020

5.	Other assets

Other assets consist of the following (in thousands):


	July 31,		October 31,
	2020		2019
Mexican IVA (i.e. value-added) taxes receivable (see note 11)	$	27,665	$	27,592
Infrastructure advance to Agricola Belher		1,200		1,800
Intangibles, net (see note 15)		10,700		435
Other		1,528		1,514
	$	41,093	$	31,341

Intangible assets consist of the following (in thousands):


		July 31, 2020						October 31, 2019
	Weighted-	Gross				Net		Gross				Net
	Average	Carrying		Accum.		Book		Carrying		Accum.		Book
	Useful Life	Value		Amortization		Value		Value		Amortization		Value
Customer list/relationships	7 years	$	17,340	$	(8,276)	$	9,064	$	7,640	$	(7,640)	$	—
Trade names	10 years		4,060		(2,823)		1,237		2,760		(2,760)		—
Trade secrets/recipes	9.3 years		630		(506)		124		630		(470)		160
Brand name intangibles	indefinite		275		—		275		275		—		275
Intangibles, net		$	22,305	$	(11,605)	$	10,700	$	11,305	$	(10,870)	$	435

We anticipate recording amortization expense of $0.4 million for the remainder of fiscal 2020, $1.6 million for fiscal year 2021, $1.6 million for fiscal year 2022, $1.5 million for fiscal year 2023, and $5.6 million thereafter.

On February 14, 2020, we completed the acquisition of SFFI (SFFI Company, Inc doing business as Simply Fresh Fruit). As part of this acquisition, $9.7 million has been assigned to customer relationships with a life of 7 years and $1.3 million has been assigned to trade names with a life of 10 years. Amortization recorded in fiscal 2020 related to this acquisition was $0.7 million and is included in selling, general and administrative in the consolidated condensed statement of operations.

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