Goodwill and Intangible Assets

3 Months Ended

Jan. 31, 2015

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill:

The changes in the carrying amount of goodwill for the three months January 31, 2015 are as follow:



Balance October 31, 2014		$	30,887
	Foreign currency translation and other	(1,045		)
Balance January 31, 2015		$	29,842

Intangible Assets

The changes in the carrying amount of finite intangible assets for the three months January 31, 2015 are as follows :



		Customer Relationships			Developed Technology			Non-Compete			Trade Name			Trademark			Total
Balance October 31, 2014		15,856			4,311			62			1,624			145			21,998
	Amortization expense	(342		)	(193		)	(62		)	(31		)	(4		)	(632		)
	Foreign currency translation and other	(101		)	—			—			—			—			(101		)
Balance January 31, 2015		$	15,413		$	4,118		$	—		$	1,593		$	141		$	21,265

Intangible assets are amortized on the straight-line method over their legal or estimated useful lives. The following summarizes the gross carrying value and accumulated amortization for each major class of intangible assets:



	Cost		Accumulated Amortization			Foreign Currency Adjustment			Net
Customer relationships	17,918		(2,296		)	(209		)	15,413
Developed technology	5,007		(889		)	—			4,118
Non-compete	744		(744		)	—			—
Trade Name	1,875		(282		)	—			1,593
Trademark	166		(25		)	—			141
	$	25,710	$	(4,236	)	$	(209	)	$	21,265

Total amortization expense was $632 and $545 for the three months ended January 31, 2015 and January 31, 2014, respectively. Amortization expense related to intangible assets for the fiscal years ending is estimated to be as follows:



Twelve Months Ending January 31,
2016	$	2,276
2017	2,276
2018	2,242
2019	2,039
2020	1,735
Thereafter	10,697
	$	21,265

- 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