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GOODWILL AND INTANGIBLE ASSETS
3 Months Ended
Jan. 29, 2012
GOODWILL AND INTANGIBLE ASSETS  
GOODWILL AND INTANGIBLE ASSETS

NOTE C                 GOODWILL AND INTANGIBLE ASSETS

 

The changes in the carrying amount of goodwill for the first quarter ended January 29, 2012, are presented in the table below.

 

(in thousands)

 

Grocery
Products

 

Refrigerated
Foods

 

JOTS

 

Specialty
Foods

 

All Other

 

Total

 

Balance as of October 30, 2011

 

$

123,316

 

$

96,652

 

$

203,214

 

$

207,028

 

$

674

 

$

630,884

 

Goodwill acquired

 

 

(9

)

 

 

 

(9

)

Balance as of January 29, 2012

 

$

123,316

 

$

96,643

 

$

203,214

 

$

207,028

 

$

674

 

$

630,875

 

 

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

 

 

 

January 29, 2012

 

October 30, 2011

 

(in thousands)

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

 

 

 

 

 

 

 

 

 

 

Customer lists/relationships

 

$

22,148

 

$

(12,916

)

$

22,378

 

$

(12,556

)

Proprietary software & technology

 

22,000

 

(15,446

)

22,000

 

(14,822

)

Formulas & recipes

 

17,854

 

(10,082

)

18,354

 

(10,047

)

Distribution network

 

4,120

 

(3,474

)

4,120

 

(3,371

)

Other intangibles

 

9,260

 

(5,909

)

14,030

 

(10,105

)

Total

 

$

75,382

 

$

(47,827

)

$

80,882

 

$

(50,901

)

 

Amortization expense was $2.4 million for the quarter ended January 29, 2012, compared to $2.5 million for the quarter ended January 30, 2011.

 

Estimated annual amortization expense (in thousands) for the five fiscal years after October 30, 2011, is as follows:

 

Fiscal Year

 

Estimated
Amortization
Expense

 

2012

 

$

8,906

 

2013

 

7,699

 

2014

 

6,303

 

2015

 

3,192

 

2016

 

1,023

 

 

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

 

(in thousands)

 

January 29, 2012

 

October 30, 2011

 

Brands/tradenames/trademarks

 

$

94,081

 

$

94,081

 

Other intangibles

 

7,984

 

7,984

 

Total

 

$

102,065

 

$

102,065