Acquired Intangible Assets and Goodwill (Tables)

12 Months Ended

Oct. 31, 2013

Acquired Intangible Assets and Goodwill [Abstract]

Acquired intangible assets and goodwill

Acquired Intangible Assets and Goodwill

	2013				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		1,149,033		2,451,073		1,026,935
Other		564,946		558,737		564,946		541,236
		4,016,019		2,707,770		4,016,019		2,568,171
Unamortizable intangible assets:
Goodwill		1,737,763		507,278		3,964,600		507,278
		1,737,763		507,278		3,964,600		507,278
Total goodwill and other intangibles	$	5,753,782	$	3,215,048	$	7,980,619	$	3,075,449

Estimated amortization expense

Estimated amortization expense for each of the following years is:

2014	$	128,306
2015		122,098
2016		122,098
2017		122,098
2018		122,098
Thereafter		691,551
	$	1,308,249

Changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill, trademark and masthead and other amortizing intangibles for the years ended October 31, 2013 and 2012 were:

Goodwill:

	Printing			Office Products and Furniture		Total
Balance at October 31, 2011
Goodwill	$	2,226,837		$	1,230,485	$	3,457,322
Accumulated Impairment losses		-			-		-
		2,226,837			1,230,485		3,457,322
Goodwill acquired Fiscal 2012		-			-		-
Impairment losses Fiscal 2012		-			-		-
Balance at October 31, 2012
Goodwill		2,226,837			1,230,485		3,457,322
Accumulated Impairment Losses		-			-		-
		2,226,837			1,230,485		3,457,322
Goodwill acquired Fiscal 2013		-			-		-
Impairment losses Fiscal 2013		(2,226,837	)		-		(2,226,837	)
Balance at October 31, 2013
Goodwill		2,226,837			1,230,485		3,457,322
Accumulated Impairment Losses		(2,226,837	)		-		(2,226,837	)
	$	-		$	1,230,485	$	1,230,485

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

 Amortizing Intangible Assets (net of amortization expense):

	Printing		Office Products and Furniture		Total
Balance at October 31, 2011
Amortizing Intangible Assets (net of amortization expense)	$	564,698	$	1,028,246	$	1,592,944
Accumulated Impairment losses		-		-		-
		564,698		1,028,246		1,592,944
Amortizing Intangible Assets (net of amortization expense) acquired Fiscal 2012		-		-		-
Impairment losses Fiscal 2012		-		-		-
Amortization expense		63,977		81,119		145,096
Balance at October 31, 2012
Amortizing Intangible Assets (net of amortization expense)		500,721		947,127		1,447,848
Accumulated Impairment Losses		-		-		-
		500,721		947,127		1,447,848
Amortizing intangible acquired in Fiscal 2013		-		-		-
Impairment losses Fiscal 2013		-		-		-
Amortization expense		58,404		81,195		139,599
Balance at October 31, 2013
Amortizing intangible		442,317		865,932		1,308,249
Accumulated Impairment losses		-		-		-
	$	442,317	$	865,932	$	1,308,249

Impairment charges

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

		2013		2012		2011
Goodwill	$	2,226,837	$	-	$	-
Other intangibles		-		-		-
	$	2,226,837	$	-	$	-

 A summary of impairment charges from discontinued operations is included in the table below and are associated with the former newspaper segment:

		2013		2012		2011
Goodwill	$	-	$	9,510,933	$	2,364,028
Other intangibles		-		-		-
Trademark & masthead		-		1,557,950		6,352,840
	$	-	$	11,068,883	$	8,716,868