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GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Jul. 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 April 27, 2014

 

$

322,942 

 

$

96,643 

 

$

203,214 

 

$

207,028 

 

$

132,377 

 

$

962,204 

 

Goodwill acquired

 

-

 

-

 

-

 

-

 

373 

 

373 

 

Balance as of July 27, 2014

 

$

322,942 

 

$

96,643 

 

$

203,214 

 

$

207,028 

 

$

132,750 

 

$

962,577 

 

 

(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

 

-

 

-

 

-

 

-

 

28,105 

 

28,105 

 

Balance as of July 27, 2014

 

$

322,942 

 

$

96,643 

 

$

203,214 

 

$

207,028 

 

$

132,750 

 

$

962,577 

 

 

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

 

 

 

 

July 27, 2014

 

October 27, 2013

 

(in thousands)

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Customer lists/relationships

 

$

45,940 

 

$

(18,035)

 

$

43,340 

 

$

(14,719)

 

Formulas & recipes

 

17,854 

 

(15,429)

 

17,854 

 

(13,824)

 

Proprietary software & technology

 

14,820 

 

(13,162)

 

14,820 

 

(12,024)

 

Other intangibles

 

4,746 

 

(4,246)

 

9,386 

 

(7,999)

 

Foreign currency translation

 

-

 

(31)

 

-

 

-

 

Total

 

$

83,360 

 

$

(50,903)

 

$

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

 

$ 8,968

 

2015

 

5,590 

 

2016

 

3,589 

 

2017

 

3,155 

 

2018

 

2,912 

 

 

Schedule of carrying amounts for indefinite-lived intangible assets

 

 

(in thousands)

 

July 27, 2014

 

October 27, 2013

 

Brands/tradenames/trademarks

 

$

333,275 

 

$

333,275 

 

Other intangibles

 

7,984 

 

7,984 

 

Total

 

$

341,259 

 

$

341,259