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GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Apr. 27, 2014
GOODWILL AND INTANGIBLE ASSETS  
Schedule of changes in the carrying amount of goodwill

 

 

(in thousands)

 

Grocery
Products

 

Refrigerated
Foods

 

JOTS

 

Specialty
Foods

 

International
& Other

 

Total

 

Balance as of January 26, 2014

 

  $

 

322,942

 

  $

96,643

 

  $

203,214

 

  $

207,028

 

  $

 

132,275

 

  $

962,102

 

  Goodwill acquired

 

-

 

-

 

-

 

-

 

102

 

102

 

Balance as of April 27, 2014

 

  $

322,942

 

  $

96,643

 

  $

203,214

 

  $

207,028

 

  $

132,377

 

  $

962,204

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

Grocery
Products

 

Refrigerated
Foods

 

JOTS

 

Specialty
Foods

 

International
& Other

 

Total

 

Balance as of October 27, 2013

 

  $

 

322,942

 

  $

 

96,643

 

  $

 

203,214

 

  $

207,028

 

  $

 

104,645

 

  $

934,472

 

  Goodwill acquired

 

-

 

-

 

-

 

-

 

27,732

 

27,732

 

Balance as of April 27, 2014

 

  $

322,942

 

  $

96,643

 

  $

203,214

 

  $

207,028

 

  $

132,377

 

  $

962,204

 

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

 

 

 

 

April 27, 2014

 

October 27, 2013

 

(in thousands)

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Customer lists/relationships

 

  $

45,940

 

  $

(16,896)

 

  $

43,340

 

  $

(14,719)

 

Formulas & recipes

 

17,854

 

(14,894)

 

17,854

 

(13,824)

 

Proprietary software & technology

 

14,820

 

(12,783)

 

14,820

 

(12,024)

 

Other intangibles

 

9,386

 

(8,628)

 

9,386

 

(7,999)

 

Total

 

  $

88,000

 

  $

(53,201)

 

  $

85,400

 

  $

(48,566)

 

Schedule of estimated annual amortization expense

Estimated annual amortization expense (in thousands) for the five fiscal years after October 27, 2013, is as follows:

 

Fiscal Year

 

Estimated
Amortization
Expense

 

2014

 

$8,917

 

2015

 

5,528

 

2016

 

3,525

 

2017

 

3,091

 

2018

 

2,850

 

Schedule of carrying amounts for indefinite-lived intangible assets

 

 

(in thousands)

 

April 27, 2014

 

October 27, 2013

 

Brands/trade names/trademarks

 

  $

333,275

 

  $

333,275

 

Other intangibles

 

7,984

 

7,984

 

Total

 

  $

341,259

 

  $

341,259