Other Intangible Assets

3 Months Ended

Jan. 31, 2014

6. Other Intangible Assets

Amortizable intangible assets include customer relationships, trade names and employee non-compete agreements associated with the Company’s acquisitions.

Amortizable intangible assets are composed of the following at January 31, 2014 and 2013 (in thousands):



	Customer Relationships						Wgtd avg
	Cost		Accumulated		Net		remaining
	Basis		Amortization		Value		life
Balance 7/31/12	$	4,004	$	(2,654)	$	1,350
Activity		880		(84)		796
Balance 10/31/12	$	4,884	$	(2,738)	$	2,146
Activity		2,180		(115)		2,065
Balance 1/31/13	$	7,064	$	(2,853)	$	4,211

Balance 7/31/13	$	7,064	$	(3,090)	$	3,974
Activity		-		(121)		(121)
Balance 10/31/13	$	7,064	$	(3,211)	$	3,853
Activity		110		(129)		(19)
Balance 1/31/14	$	7,174	$	(3,340)	$	3,834	11.29

	Trade Names
	Cost		Accumulated		Net
	Basis		Amortization		Value
Balance 7/31/12	$	253	$	(164)	$	89
Activity		-		(11)		(11)
Balance 10/31/12	$	253	$	(175)	$	78
Activity		130		(25)		105
Balance 1/31/13	$	383	$	(200)	$	183

Balance 7/31/13	$	383	$	(258)	$	125
Activity		-		(29)		(29)
Balance 10/31/13	$	383	$	(287)	$	96
Activity		-		(29)		(29)
Balance 1/31/14	$	383	$	(316)	$	67	0.72

	Total Intangibles
	Cost		Accumulated		Net
	Basis		Amortization		Value
Balance 7/31/12	$	4,257	$	(2,818)	$	1,439
Activity		880		(95)		785
Balance 10/31/12	$	5,137	$	(2,913)	$	2,224
Activity		2,310		(140)		2,170
Balance 1/31/13	$	7,447	$	(3,053)	$	4,394

Balance 7/31/13	$	7,447	$	(3,348)	$	4,099
Activity		-		(150)		(150)
Balance 10/31/13	$	7,447	$	(3,498)	$	3,949
Activity		110		(158)		(48)
Balance 1/31/14	$	7,557	$	(3,656)	$	3,901	11.11

The estimated amortization expense related to intangible assets by fiscal year at January 31, 2014 is as follows (in thousands):



2014	$	289
2015		518
2016		497
2017		426
2018		213
Thereafter		1,958
	$	3,901

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details