GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Jul. 28, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill: The changes in the carrying amounts of goodwill for the three and nine months ended July 28, 2019, are presented in the table below. The reduction in goodwill during fiscal 2019 is due to the divestiture of CytoSport on April 15, 2019. Beginning balances have been reclassified to conform to the current year presentation between segments. See Note N - Segment Reporting and Note C - Acquisitions and Divestitures for additional information.



(in thousands)	Grocery Products		Refrigerated Foods		Jennie-O Turkey Store		International & Other		Total
Balance at April 28, 2019	$	632,301	$	1,458,692	$	176,628	$	219,014	$	2,486,635
Foreign currency translation	—		—		—		654		654
Balance at July 28, 2019	$	632,301	$	1,458,692	$	176,628	$	219,668	$	2,487,289



(in thousands)	Grocery Products			Refrigerated Foods		Jennie-O Turkey Store			International & Other			Total
Reported balance at October 28, 2018	$	882,582		$	1,406,897	$	203,214		$	221,423		$	2,714,116
Segment reclassification	(25,209		)	51,795		(26,586		)	—			—
Adjusted balance at October 28, 2018	857,373			1,458,692		176,628			221,423			2,714,116
Goodwill sold	(225,072		)	—		—			(4,945		)	(230,017		)
Foreign currency translation	—			—		—			3,190			3,190
Balance at July 28, 2019	$	632,301		$	1,458,692	$	176,628		$	219,668		$	2,487,289

Intangible Assets: The reduction in indefinite and definite-lived intangible assets for fiscal year 2019 is due to the divestiture of CytoSport.

The carrying amounts for indefinite-lived intangible assets are presented in the table below.



(in thousands)	July 28, 2019			October 28, 2018
Brands/tradenames/trademarks	$	959,400		$	1,108,122
Other intangibles	184			184
Foreign currency translation	(2,830		)	(3,484		)
Total	$	956,754		$	1,104,822

The gross carrying amount and accumulated amortization for definite-lived intangible assets are presented in the table below.



	July 28, 2019					October 28, 2018
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Customer lists/relationships	$	113,739	$	(34,418	)	$	137,039	$	(36,367	)
Other intangibles	6,957		(2,494		)	6,155		(1,547		)
Foreign currency translation	—		(2,411		)	—		(2,883		)
Total	$	120,696	$	(39,323	)	$	143,194	$	(40,797	)

Amortization expense was $2.6 million and $8.9 million for the third quarter and nine months ended July 28, 2019, respectively, compared to $3.3 million and $9.5 million for the third quarter and nine months ended July 29, 2018.

Estimated annual amortization expense for the five fiscal years after October 28, 2018, is as follows:



(in millions)
2019	$11.7
2020	10.7
2021	10.7
2022	10.4
2023	9.5