Acquired Intangible Assets and Goodwill (Tables)

3 Months Ended

Jan. 31, 2013

Acquired Intangible Assets and Goodwill [Abstract]

Acquired intangible assets and goodwill

	January 31, 2013				October 31, 2012
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
	Amount		Amortization		Amount		Amortization
Amortizable intangible assets:
Non-compete agreement	$	1,000,000	$	1,000,000	$	1,000,000	$	1,000,000
Customer relationships		2,451,073		1,057,460		2,451,073		1,026,935
Advertising and subscriber base		4,989,768		1,989,238		4,989,768		1,952,322
Other		564,946		545,611		564,946		541,236
		9,005,787		4,592,309		9,005,787		4,520,493
Unamortizable intangible assets:
Goodwill		1,307,267		76,782		3,964,600		507,278
Trademark and masthead		2,091,022		-		2,091,022		-
		3,398,289		76,782		6,055,622		507,278
Total goodwill and other intangibles	$	12,404,076	$	4,669,091	$	15,061,409	$	5,027,771

Estimated amortization expense

Amortization expense for the three months ended January 31, 2013 and 2012 was $71,816 and $74,564 respectively. Customer relationships are being amortized over a period of 20 years, related to the acquisition of Syscan in 2004. The advertising and subscribers bases related to the acquisition of The Herald-Dispatch are being amortized over 25 and 20 years respectively. The trademark and masthead associated with the acquisition of The Herald-Dispatch are non-amortizing assets. The weighted average remaining life of the Company's amortizable intangible assets was approximately 16 years.

Estimated amortization expense for each of the following years is:

2013	$	215,445
2014		275,970
2015		269,761
2016		269,761
2017		269,761
Thereafter		3,112,780
	$	4,413,478

Changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill, trademark and masthead and other amortizing intangibles for the three months ended January 31, 2013 were:

Goodwill:

	Printing			Office Products and Furniture		Newspaper			Total
Balance at October 31, 2012
Goodwill	$	2,226,837			1,230,485		35,437,456			38,894,778
Accumulated impairment losses		-			-		(35,437,456	)		(35,437,456	)
		2,226,837		$	1,230,485	$	-		$	3,457,322
Goodwill acquired three months ended January 31, 2013		-			-		-			-
Impairment losses three months ended January 31, 2013		(2,226,837	)		-		-			(2,226,837	)
Balance at January 31, 2013
Goodwill		2,226,837			1,230,485		35,437,456			38,894,778
Accumulated impairment losses		(2,226,837	)		-		(35,437,456	)		(37,664,293	)
	$	-		$	1,230,485	$	-		$	1,230,485

Changes in the carrying amount of trademark and masthead, and other amortizing intangibles

Trademark and Masthead:

	Printing		Office Products and Furniture		Newspaper			Total
Balance at October 31, 2012
Trademark and masthead	$	-	$	-	$	18,515,316		$	18,515,316
Accumulated impairment losses		-		-		(16,424,294	)		(16,424,294	)
		-		-		2,091,022			2,091,022
Trademark & masthead acquired three months ended January 31, 2013		-		-		-			-
Impairment losses three months ended January 31, 2013		-		-		-			-
Balance at January 31, 2013
Trademark & masthead		-		-		18,515,316			18,515,316
Accumulated impairment losses		-		-		(16,424,294	)		(16,424,294	)
	$	-	$	-	$	2,091,022		$	2,091,022

Amortizing Intangible Assets (net of amortization expense):

	Printing		Office Products and Furniture		Newspaper			Total
Balance at October 31, 2012
Amortizing intangible		500,721		947,127		12,088,930			13,536,778
Accumulated impairment losses		-		-		(9,051,484	)		(9,051,484	)
	$	500,721	$	947,127	$	3,037,446		$	4,485,294
Amortizing intangible acquired three months ended January 31, 2013		-		-		-			-
Impairment losses three months ended January 31, 2013		-		-		-			-
Amortization expense		14,601		20,299		36,916			71,816
Balance at January 31, 2013
Amortizing intangible		486,120		926,828		12,052,014			13,464,962
Accumulated impairment losses		-		-		(9,051,484	)		(9,051,484	)
	$	486,120	$	926,828	$	3,000,530		$	4,413,478

Impairment charges

A summary of impairment charges is included in the table below:

	Three Months Ended January 31,
	2013		2012
Goodwill	$	2,226,837	$	-
Other intangibles		-		-
Trademark & masthead		-		-
	$	2,226,837	$	-