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Goodwill and Intangible Assets | 3 Months Ended
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Jan. 31, 2021
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 Carrying Amount
Balance at October 31, 2020 | $ | 1,535 |
Foreign currency translation adjustment | 9 |
Balance at January 31, 2021 | $ | 1,544 |
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 January 31, 2021. During the three months ended January 31, 2021, the Company acquired additional water rights in Chile for $186,000. Intangible assets consisted of the following as of January 31, 2021 and October 31, 2020 (in thousands):
| January 31, 2021 |  | October 31, 2020
| 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 | $ | 3,771 |  |  | $ | (994) |  |  | $ | 2,777 |  |  | 10 |  | $ | 3,771 |  |  | $ | (947) |  |  | $ | 2,824 |  |  | 10
Customer relationships | 5,010 |  |  | (1,179) |  |  | 3,831 |  |  | 9 |  | 5,010 |  |  | (989) |  |  | 4,021 |  |  | 9
Non-competition agreement | 1,040 |  |  | (173) |  |  | 867 |  |  | 10 |  | 1,040 |  |  | (147) |  |  | 893 |  |  | 10
Acquired water and mineral rights | 3,865 |  |  | — |  |  | 3,865 |  |  | Indefinite |  | 3,571 |  |  | — |  |  | 3,571 |  |  | Indefinite
| $ | 13,686 |  |  | $ | (2,346) |  |  | $ | 11,340 |  |  |  |  | $ | 13,392 |  |  | $ | (2,083) |  |  | $ | 11,309 |  |  |
Amortization expense totaled $263,000 and $285,000 for the three months ended January 31, 2021 and 2020, respectively. 7. Goodwill and Intangible Assets Estimated future amortization expense of intangible assets as of January 31, 2021 are as follows (in thousands):
2021 (excluding the three months ended January 31, 2021) | $ | 777 |
2022 | 989 |
2023 | 989 |
2024 | 981 |
2025 | 976 |
Thereafter | 2,763 |
| $ | 7,475 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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