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Other Assets
12 Months Ended
Oct. 31, 2021
Other Assets  
Other Assets

5. Other Assets and Intangibles

Other assets consist of the following (in thousands):

    

October 31, 

    

October 31, 

2021

2020

Mexican IVA (i.e. value-added) taxes receivable (see note 15)

$

37,493

$

30,126

Infrastructure advances to Agricola Belher and Agricola Don Memo

 

1,641

 

1,215

Other

 

1,366

 

1,217

$

40,500

$

32,558

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

October 31, 2021

October 31, 2020

    

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

$

(9,989)

$

7,351

$

17,340

$

(8,613)

$

8,727

Trade names

 

11 years

 

4,060

 

(2,980)

 

1,080

 

4,060

 

(2,852)

 

1,208

Trade secrets/recipes

 

9 years

 

630

 

(567)

 

63

 

630

 

(517)

 

113

Brand name intangibles

 

indefinite

 

275

 

 

275

 

275

 

 

275

Intangibles, net

$

22,305

$

(13,536)

$

8,769

$

22,305

$

(11,982)

$

10,323

We recorded amortization expense of approximately $1.6 million, $1.1 million, and $0.7 million for fiscal years 2021, 2020, and 2019. We anticipate recording amortization expense of approximately $1.6 million for fiscal year 2022, $1.5 million for each fiscal years 2023 through 2024 and $4.1 million thereafter.