GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Jul. 26, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

Goodwill: The changes in the carrying amounts of goodwill for the thirteen and thirty-nine weeks ended July 26, 2020, are:

(in thousands)	Grocery Products		Refrigerated Foods			Jennie-O Turkey Store		International & Other			Total
Balance at April 26, 2020	$	632,301	$	1,671,563		$	176,628	$	202,347		$	2,682,839
Purchase Adjustments	—		(64,558		)	—		—			(64,558		)
Foreign Currency Translation	—		—			—		(2,592		)	(2,592		)
Balance at July 26, 2020	$	632,301	$	1,607,005		$	176,628	$	199,756		$	2,615,690

(in thousands)	Grocery Products		Refrigerated Foods		Jennie-O Turkey Store		International & Other			Total
Balance at October 27, 2019	$	632,301	$	1,458,692	$	176,628	$	214,024		$	2,481,645
Goodwill Acquired	—		148,313		—		—			148,313
Foreign Currency Translation	—		—		—		(14,269		)	(14,269		)
Balance at July 26, 2020	$	632,301	$	1,607,005	$	176,628	$	199,756		$	2,615,690

The increase to goodwill during the thirty-nine weeks ended July 26, 2020, is related to the acquisition of Sadler's. In the thirteen weeks ended July 26, 2020, an allocation from goodwill to the identifiable intangible assets was made based on a third-party valuation appraisal. See Note B - Acquisitions and Divestitures for additional information.

Intangible Assets: The carrying amounts for indefinite-lived intangible assets are:

(in thousands)	July 26, 2020			October 27, 2019
Brands/Tradenames/Trademarks	$	953,190		$	959,400
Other Intangibles	184			184
Foreign Currency Translation	(6,686		)	(3,803		)
Total	$	946,688		$	955,781

The gross carrying amount and accumulated amortization for definite-lived intangible assets are:

	July 26, 2020					October 27, 2019
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Customer Lists/Relationships	$	117,239	$	(43,692	)	$	113,739	$	(36,744	)
Tradenames/Trademarks	10,536		(2,982		)	4,326		(1,589		)
Other Intangibles	60,631		(3,185		)	2,631		(1,228		)
Foreign Currency Translation	—		(4,689		)	—		(3,054		)
Total	$	188,406	$	(54,548	)	$	120,696	$	(42,615	)

The increase to gross carrying amount of other intangibles during the thirty-nine weeks ended July 26, 2020, is related to the acquisition of Sadler's. Amortization expense was $4.1 million and $10.3 million for the thirteen and thirty-nine weeks ended July 26, 2020, respectively, compared to $2.6 million and $8.9 for the thirteen and thirty-nine weeks ended July 28, 2019.

Estimated annual amortization expense for the five fiscal years after October 27, 2019, is:

(in thousands)
2020	$	14,572
2021	16,477
2022	16,037
2023	15,132
2024	13,314