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Other Assets | 6 Months Ended
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Oct. 28, 2012
Other Assets | 6. Other Assets
A summary of other assets follows: |  |  |  |
(dollars in thousands) | October 28, 2012 |  | April 29, 2012 |
Cash surrender value - life insurance |  | $ | 1,327 |  |  | $ | 1,327 |
Non-compete agreement, net |  |  | 259 |  |  |  | 333 |
Other |  |  | 282 |  |  |  | 247 |
|  | $ | 1,868 |  |  | $ | 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 October 28, 2012, the total remaining non-compete payments were $87,500. The gross carrying amount of this non-compete agreement was $1.1 million at October 28, 2012 and April 29, 2012, respectively. At October 28, 2012 and April 29, 2012, accumulated amortization for the non-compete agreement was $840,000 and $741,000, respectively. Amortization expense for the non-compete agreement was $99,000 for the six month periods ended October 28, 2012 and October 30, 2011, respectively. The remaining amortization expense (which includes the total remaining Bodet & Horst non-compete payments of $87,500) for the next three fiscal years follows: FY 2013 - $99,000; FY 2014 - $198,000; and FY 2015 - $49,000. The weighted average amortization period for the non-compete agreement is 1.8 years as of October 28, 2012. At October 28, 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 October 28, 2012 and April 29, 2012, respectively, are collectible upon death of the respective insured.

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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