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Goodwill and Intangible Assets | 12 Months Ended
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Oct. 31, 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, 2018 | $ | 1,431 |
Acquisition of Trapani Fresh | 420 |
Foreign currency translation adjustment | (12) |
October 31, 2019 | 1,839 |
Trapani Fresh purchase price adjustment | (297) |
Foreign currency translation adjustment | (7) |
October 31, 2020 | $ | 1,535 |
See Note 3 - Acquisitions - of the notes to consolidated financial statements included in this Annual Report 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. The Company concluded that no potential impairment indicators existed during any interim period and performed its annual assessment of goodwill impairment as of July 31, 2020 with no impairment noted. The Company did not incur any goodwill impairment losses in fiscal years 2020, 2019 or 2018, as the estimated fair values of its reporting units were in excess of their carrying values. As of October 31, 2020, the Company has allocated goodwill to its reportable segments as follows: Fresh Lemons $965,000 and Lemon Packing $570,000. 9. Goodwill and Intangible Assets (continued) Intangible assets consisted of the following as of October 31, 2020 and 2019 (in thousands):
| October 31, 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
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names and trademarks | $ | 3,771 |  |  | $ | (947) |  |  | $ | 2,824 |  |  | 10 |  | $ | 3,786 |  |  | $ | (542) |  |  | $ | 3,244 |  |  | 10
Customer relationships | 5,010 |  |  | (989) |  |  | 4,021 |  |  | 9 |  | 5,010 |  |  | (500) |  |  | 4,510 |  |  | 9
Non-competition agreement | 1,040 |  |  | (147) |  |  | 893 |  |  | 10 |  | 1,040 |  |  | (42) |  |  | 998 |  |  | 10
Acquired water and mineral rights | 3,571 |  |  | — |  |  | 3,571 |  |  | Indefinite |  | $ | 3,655 |  |  | $ | — |  |  | $ | 3,655 |  |  | Indefinite
Intangible assets | $ | 13,392 |  |  | $ | (2,083) |  |  | $ | 11,309 |  |  |  |  | $ | 13,491 |  |  | $ | (1,084) |  |  | $ | 12,407 |  |  |
Amortization expense totaled $999,000, $689,000, and $84,000 for the years ended October 31, 2020, 2019 and 2018, respectively. Estimated future amortization expense of intangible assets for each of the next five fiscal years and thereafter are as follows (in thousands):
2021 | $ | 1,040 |
2022 | 989 |
2023 | 989 |
2024 | 981 |
2025 | 976 |
Thereafter | 2,763 |
| $ | 7,738 |

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