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Other Assets
3 Months Ended
Jan. 31, 2021
Other Assets  
Other Assets

5.

Other assets

Other assets consist of the following (in thousands):

    

January 31, 

    

October 31, 

2021

2020

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

$

33,185

$

30,126

Infrastructure advance to Agricola Belher and Agricola Don Memo

 

1,895

 

1,215

Other

 

1,125

 

1,217

$

36,205

$

32,558

Intangible assets consist of the following (in thousands):

January 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

$

(8,968)

$

8,372

$

17,340

$

(8,613)

$

8,727

Trade names

 

11 years

 

4,060

 

(2,883)

 

1,177

 

4,060

 

(2,852)

 

1,208

Trade secrets/recipes

 

9 years

 

630

 

(529)

 

101

 

630

 

(517)

 

113

Brand name intangibles

 

indefinite

 

275

 

 

275

 

275

 

 

275

Intangibles, net

$

22,305

$

(12,380)

$

9,925

$

22,305

$

(11,982)

$

10,323

We anticipate recording amortization expense of $1.2 million for the remainder of fiscal 2021, $1.6 million for fiscal year 2022, $1.5 million for fiscal year 2023, $1.5 million for fiscal year 2024, and $3.9 million thereafter.