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GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Apr. 30, 2017
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 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 April 30, 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

 

 

 

April 30, 2017

 

October 30, 2016

 

(in thousands)

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

 

 

 

 

 

 

 

 

 

 

Customer lists/relationships

 

$

85,440

 

$

(22,163)

 

$

88,240

 

$

(20,737)

 

Formulas and recipes

 

1,950

 

(1,894)

 

1,950

 

(1,796)

 

Other intangibles

 

3,100

 

(1,713)

 

3,520

 

(1,677)

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

90,490

 

$

(25,770)

 

$

93,710

 

$

(24,210)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of estimated annual amortization expense

 

Estimated annual amortization expense for the five fiscal years after October 30, 2016, is as follows:

 

(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)

 

April 30, 2017

 

October 30, 2016

 

 

 

 

 

 

 

Brands/tradenames/trademarks

 

$

819,835

 

$

825,774

 

Other intangibles

 

184

 

7,984

 

 

 

 

 

 

 

Total

 

$

820,019

 

$

833,758