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Other Assets | 3 Months Ended
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Jul. 30, 2017
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Other Assets | 6. Other Assets A summary of other assets follows:
(dollars in thousands) |  | July 30, 2017 |  |  | July 31, 2016 |  |  | April 30, 2017 |
Cash surrender value – life insurance |  | $ | 376 |  |  | $ | 358 |  |  | $ | 376 |
Non-compete agreement, net |  |  | 809 |  |  |  | 885 |  |  |  | 828 |
Customer relationships, net |  |  | 651 |  |  |  | 702 |  |  |  | 664 |
Other |  |  | 561 |  |  |  | 557 |  |  |  | 526 |
|  | $ | 2,397 |  |  | $ | 2,502 |  |  | $ | 2,394 |
Non-Compete Agreement We recorded our non-compete agreement at its fair value based on a discounted cash flow valuation model. Our non-compete agreement is amortized on a straight-line basis over the fifteen year life of the respective agreement. The gross carrying amount of our non-compete agreement was $2.0 million at July 30, 2017, July 31, 2016 and April 30, 2017, respectively. At July 30, 2017, July 31, 2016, and April 30, 2017, accumulated amortization for our non-compete agreement was $1.2 million, $1.1 million, and $1.2 million, respectively. Amortization expense for our non-compete agreement was $19,000 for the three month periods ended July 30, 2017 and July 31, 2016. The remaining amortization expense for the next five fiscal years and thereafter follows: FY 2018 - $56,000; FY 2019 - $75,000; FY 2020 - $75,000; FY 2021 - $75,000; FY 2022 - $75,000 and Thereafter - $453,000. The weighted average amortization period for our non-compete agreement is 10.8 years as of July 30, 2017. Customer Relationships We recorded our customer relationships at their fair value based on a multi-period excess earnings valuation model. Our customer relationships are amortized on a straight-line basis over its seventeen year useful life. The gross carrying amount of our customer relationships was $868,000 at July 30, 2017, July 31, 2016, and April 30, 2017, respectively. Accumulated amortization for our customer relationships was $217,000, $166,000, and $204,000 at July 30, 2017, July 31, 2016, and April 30, 2017, respectively. Amortization expense for our customer relationships was $13,000 for the three months ending July 30, 2017 and July 31, 2016. The remaining amortization expense for the next five fiscal years and thereafter follows: FY 2018 - $38,000; FY 2019 - $51,000; FY 2020 - $51,000; FY 2021 - $51,000; FY 2022 - $51,000; and Thereafter - $409,000. The weighted average amortization period for our customer relationships is 12.8 years as of July 30, 2017. Cash Surrender Value – Life Insurance At July 30, 2017, July 31, 2016, and April 30, 2017 we had one life insurance contract with a death benefit of $1.4 million. Our cash surrender value – life insurance balances totaling $376,000, $358,000 and $376,000 at July 30, 2017, July 31, 2016, and April 30, 2017, respectively, are collectible upon death of the respective insured.

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