Acquired Intangible Assets and Goodwill (Tables)

3 Months Ended

Apr. 30, 2013

Acquired Intangible Assets and Goodwill [Abstract]

Acquired intangible assets and goodwill

	April 30, 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		1,087,984		2,451,073		1,026,935
Advertising and subscriber base		4,989,768		2,026,154		4,989,768		1,952,322
Other		564,946		549,988		564,946		541,236
		9,005,787		4,664,126		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	$	4,740,908	$	15,061,409	$	5,027,771

Estimated amortization expense

Estimated amortization expense for each of the following years is:

2013	$	143,628
2014		275,970
2015		269,761
2016		269,761
2017		269,761
Thereafter		3,112,780
	$	4,341,661

Changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill, trademark and masthead and other amortizing intangibles for the six months ended April 30, 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 six months ended April 30, 2013		-			-		-			-
Impairment losses six months ended April 30, 2013		(2,226,837	)		-		-			(2,226,837	)
Balance at April 30, 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 six months ended April 30, 2013		-		-		-			-
Impairment losses six months ended April 30, 2013		-		-		-			-
Balance at April 30, 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 six months ended April 30, 2013		-		-		-			-
Impairment losses six months ended April 30, 2013		-		-		-			-
Amortization expense		29,202		40,598		73,833			143,633
Balance at April 30, 2013
Amortizing intangible		471,519		906,529		12,015,097			13,393,145
Accumulated impairment losses		-		-		(9,051,484	)		(9,051,484	)
	$	471,519	$	906,529	$	2,963,613		$	4,341,661

Impairment charges

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

		Six Months Ended April 30,
		2013		2012
Goodwill	$	2,226,837	$	9,510,933
Other intangibles		-		-
Trademark & masthead		-		-
	$	2,226,837	$	9,510,933