GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Jul. 29, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in the carrying amount of goodwill

The carrying amounts of goodwill for the third quarter and nine months ended July 29, 2018, are presented in the table below. The increase in goodwill for the quarter is related to purchase accounting adjustments for the Ceratti acquisition based on an updated valuation of the business. For the first nine months, the large increase in goodwill is related to the acquisition of Columbus, acquired on November 27, 2017. Other minor changes in goodwill during the first nine months relate to preliminary purchase accounting adjustments for the Fontanini and Ceratti acquisitions, acquired on August 16, 2017, and August 22, 2017, respectively.

(in thousands)	Grocery Products		Refrigerated Foods		JOTS		International & Other		Total
Balance as of April 29, 2018	$	882,582	$	1,407,131	$	203,214	$	239,029	$	2,731,956
Purchase adjustments	—		—		—		2,619		2,619
Balance as of July 29, 2018	$	882,582	$	1,407,131	$	203,214	$	241,648	$	2,734,575

(in thousands)	Grocery Products		Refrigerated Foods		JOTS		International & Other		Total
Balance as of October 29, 2017	$	882,582	$	795,699	$	203,214	$	238,318	$	2,119,813
Goodwill acquired	—		610,836		—		—		610,836
Purchase adjustments	—		596		—		3,330		3,926
Balance as of July 29, 2018	$	882,582	$	1,407,131	$	203,214	$	241,648	$	2,734,575

Schedule of gross carrying amount and accumulated amortization for definite-lived intangible assets

The gross carrying amount and accumulated amortization for definite-lived intangible assets are presented in the table below. Additions in the first nine months of fiscal 2018 are due to the allocation of $29.4 million related to the preliminary valuation of customer relationships acquired as part of the Columbus acquisition. These additions were partially offset by preliminary purchase accounting adjustments to the customer relationships valued as part of the Ceratti acquisition. Once fully amortized, the definite-lived intangible assets are removed from the table.

	July 29, 2018					October 29, 2017
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Customer lists/relationships	$	137,039	$	(35,941	)	$	115,940	$	(25,973	)
Formulas and recipes	—		—			1,950		(1,950		)
Other intangibles	7,056		(2,174		)	3,100		(2,044		)
Total	$	144,095	$	(38,115	)	$	120,990	$	(29,967	)

Schedule of estimated annual amortization expense

Estimated annual amortization expense for the five fiscal years after October 29, 2017, is as follows:

(in millions)
2018	$12.7
2019	12.8
2020	12.7
2021	12.9
2022	12.5

Schedule of carrying amounts for indefinite-lived intangible assets

The carrying amounts for indefinite-lived intangible assets are presented in the table below. Additions in the first nine months of fiscal 2018 are due to the allocation of $201.3 million related to the tradenames acquired as part of the Columbus acquisition.

(in thousands)	July 29, 2018		October 29, 2017
Brands/tradenames/trademarks	$	1,130,733	$	935,807
Other intangibles	184		184
Total	$	1,130,917	$	935,991