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Other Assets
6 Months Ended
Apr. 30, 2021
Other Assets  
Other Assets

5.

Other assets

Other assets consist of the following (in thousands):

    

April 30, 

    

October 31, 

2021

2020

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

$

34,971

$

30,126

Infrastructure advances to Agricola Belher and Agricola Don Memo

 

2,541

 

1,215

Other

 

1,506

 

1,217

$

39,018

$

32,558

Intangible assets consist of the following (in thousands):

April 30, 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

$

(9,315)

$

8,025

$

17,340

$

(8,613)

$

8,727

Trade names

 

11 years

 

4,060

 

(2,913)

 

1,147

 

4,060

 

(2,852)

 

1,208

Trade secrets/recipes

 

9 years

 

630

 

(541)

 

89

 

630

 

(517)

 

113

Brand name intangibles

 

indefinite

 

275

 

 

275

 

275

 

 

275

Intangibles, net

$

22,305

$

(12,769)

$

9,536

$

22,305

$

(11,982)

$

10,323

We anticipate recording amortization expense of $0.8 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.