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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Jan. 29, 2017
GOODWILL AND INTANGIBLE ASSETS  
Schedule of changes in the carrying amount of goodwill

 

 

(in thousands)

 

Grocery
Products

 

Refrigerated
Foods

 

 

JOTS

 

Specialty
Foods

 

International

 

Total

 

 

Balance as of
October 30, 2016

 

$

508,800

 

$

584,443

 

 

$

203,214

 

$

373,782

 

$

164,258

 

$

1,834,497

 

 

Goodwill sold

 

-

 

(11,826

)

 

-

 

-

 

-

 

(11,826

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of
January 29, 2017

 

$

508,800

 

$

572,617

 

 

$

203,214

 

$

373,782

 

$

164,258

 

$

1,822,671

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

January 29, 2017

 

October 30, 2016

 

 

(in thousands)

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Customer lists/relationships

 

$

85,440

 

$

(20,382)

 

$

88,240

 

$

(20,737)

 

Formulas and recipes

 

1,950

 

(1,845)

 

1,950

 

(1,796)

 

Other intangibles

 

3,100

 

(1,485)

 

3,520

 

(1,677)

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

90,490

 

$

(23,712)

 

$

93,710

 

$

(24,210)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of estimated annual amortization expense

 

(in millions)

 

 

 

2017

 

$
8.1 

 

2018

 

7.6 

 

2019

 

7.4 

 

2020

 

7.4 

 

2021

 

7.4 

 

 

Schedule of carrying amounts for indefinite-lived intangible assets

 

 

 

(in thousands)

 

January 29, 2017

 

October 30, 2016

 

Brands/tradenames/trademarks

 

$

819,835

 

$

825,774

 

Other intangibles

 

184

 

7,984

 

 

 

 

 

 

 

Total

 

$

820,019

 

$

833,758