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Goodwill and Intangible Assets, Net | 6 Months Ended
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Apr. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net A summary of the change in the carrying amount of goodwill is as follows (in thousands):
| Goodwill Carrying Amount
Balance at October 31, 2022 | $ | 1,506 |
Foreign currency translation adjustment | 23 |
Balance at April 30, 2023 | $ | 1,529 |
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, 2023. Intangible assets consisted of the following (in thousands):
| April 30, 2023 |  | October 31, 2022
| 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 | $ | 2,108 |  |  | (1,002) |  |  | 1,106 |  |  | 8 |  | $ | 2,108 |  |  | $ | (881) |  |  | $ | 1,227 |  |  | 8
Customer relationships | 4,037 |  |  | (1,885) |  |  | 2,152 |  |  | 9 |  | 4,037 |  |  | (1,660) |  |  | 2,377 |  |  | 9
Non-competition agreement | 437 |  |  | (105) |  |  | 332 |  |  | 8 |  | 437 |  |  | (76) |  |  | 361 |  |  | 8
Acquired water and mineral rights | 3,648 |  |  | — |  |  | 3,648 |  |  | Indefinite |  | 3,352 |  |  | — |  |  | 3,352 |  |  | Indefinite
| $ | 10,230 |  |  | $ | (2,992) |  |  | $ | 7,238 |  |  |  |  | $ | 9,934 |  |  | $ | (2,617) |  |  | $ | 7,317 |  |  |
7. Goodwill and Intangible Assets, Net (continued) Amortization expense totaled $178,000 and $180,000 for the three months ended April 30, 2023 and 2022, respectively. Amortization expense totaled $375,000 and $361,000 for the six months ended April 30, 2023 and 2022 respectively. Estimated future amortization expense of intangible assets as of April 30, 2023 is as follows (in thousands):
2023 (remaining six months) | $ | 354 |
2024 | 711 |
2025 | 711 |
2026 | 711 |
2027 | 427 |
Thereafter | 676 |
| $ | 3,590 |

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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