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Goodwill and Intangible Assets
6 Months Ended
Apr. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets

A summary of the change in the carrying amount of goodwill is as follows (in thousands):
 
Goodwill Net Carrying Amount
October 31, 2019
$
1,839

Trapani Fresh purchase price adjustment
(297
)
Foreign currency translation adjustment
(19
)
April 30, 2020
$
1,523


See Note 3 - Acquisitions for additional information regarding the acquisition of Trapani Fresh.

Goodwill is tested for impairment on an annual basis or when an event or changes in circumstances indicate that its carrying value may not be recoverable. There have been no impairment charges recorded against goodwill as of April 30, 2020.

Intangible assets consisted of the following as of April 30, 2020 and October 31, 2019 (in thousands):
 
April 30, 2020
 
October 31, 2019
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Weighted Average Useful Life in Years
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Weighted Average Useful Life in Years


 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade names and trademarks
$
3,786

 
$
(698
)
 
$
3,088

 
10
 
$
3,786

 
$
(542
)
 
$
3,244

 
10
Customer relationships
5,010

 
(781
)
 
4,229

 
9
 
5,010

 
(500
)
 
4,510

 
9
Non-competition agreement
1,040

 
(95
)
 
945

 
10
 
1,040

 
(42
)
 
998

 
10
Acquired water and mineral rights
3,420

 

 
3,420

 
Indefinite
 
3,655

 

 
3,655

 
Indefinite
 
$
13,256

 
$
(1,574
)
 
$
11,682

 
 
 
$
13,491

 
$
(1,084
)
 
$
12,407

 
 


9. Goodwill and Intangible Assets (continued)

Amortization expense totaled $205,000 and $89,000 for the three months ended April 30, 2020 and 2019, respectively. Amortization expense totaled $490,000 and $178,000 for the six months ended April 30, 2020 and 2019, respectively.

Estimated future amortization expense of intangible assets as of April 30, 2020 are as follows (in thousands):
2020 (excluding the six months ended April 30, 2020)
$
547

2021
1,027

2022
976

2023
976

2024
976

Thereafter
3,760

 
$
8,262