6. Other Assets

A summary of other assets follows:

(dollars in thousands)	July 29, 2012		April 29, 2012
Cash surrender value – life insurance	$	1,327	$	1,327
Non-compete agreement, net		295		333
Other		268		247
	$	1,890	$	1,907

We recorded a non-compete agreement in connection with our asset purchase agreement with Bodet & Horst (acquired in 2008) at its fair value based on valuation techniques. The non-compete agreement associated with Bodet & Horst is amortized on a straight line basis over the six year life of the agreement and requires quarterly payments of $12,500 over the life of the agreement. As of July 29, 2012, the total remaining non-compete payments were $100,000.

The gross carrying amount of this non-compete agreement was $1.1 million at July 29, 2012 and April 29, 2012, respectively. At July 29, 2012 and April 29, 2012, accumulated amortization for the non-compete agreement was $790,000 and $741,000, respectively. Amortization expense for the non-compete agreement was $49,000 for the three month periods ended July 29, 2012 and July 31, 2011, respectively. The remaining amortization expense (which includes the total remaining Bodet & Horst non-compete payments of $100,000) for the next three fiscal years follows: FY 2013 - $148,000; FY 2014 - $198,000; and FY 2015 - $49,000. The weighted average amortization period for the non-compete agreement is 2.0 years as of July 29, 2012.

At July 29, 2012 and April 29, 2012, we had four life insurance contracts with death benefits to the respective insured totaling $12.9 million. Our cash surrender value – life insurance balances of $1.3 million at July 29, 2012 and April 29, 2012, respectively, are collectible upon death of the respective insured.