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Other assets and Intangibles

12 Months Ended

Oct. 31, 2023

5. Other Assets and Intangibles

Other assets consist of the following (in thousands):


	October 31,		October 31,
	2023		2022
Mexican IVA (i.e. value-added) taxes receivable, net (see Note 14)	$	49,888	$	43,625
Infrastructure advances (see Note 2)		1,641		1,241
Bridge loan to Agricola Belher (see Note 2)		—		1,700
Other		930		604
Total	$	52,459	$	47,170

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


		October 31, 2023						October 31, 2022
	Weighted-	Gross				Net		Gross				Net
	Average	Carrying		Accum.		Book		Carrying		Accum.		Book
	Useful Life	Value		Amortization		Value		Value		Amortization		Value
Customer list/relationships	8 years	$	17,100	$	(12,517)	$	4,583	$	17,340	$	(11,373)	$	5,967
Trade names	8 years		3,949		(3,109)		840		4,060		(3,100)		960
Trade secrets/recipes	9 years		170		(170)		—		630		(626)		4
Brand name intangibles	indefinite		275		—		275		275		—		275
Intangibles, net		$	21,494	$	(15,796)	$	5,698	$	22,305	$	(15,099)	$	7,206

We recorded amortization expense of approximately $1.5 million, $1.6 million, and $1.6 million for fiscal years 2023, 2022, and 2021, respectively. We anticipate recording amortization expense of approximately $1.5 million for fiscal year 2024, $1.5 million for fiscal year 2025, $1.5 million for fiscal year 2026, and $0.9 million thereafter.