Goodwill and Intangible Assets

3 Months Ended

Jan. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill:

The changes in the carrying amount of goodwill for the three months ended January 31, 2019 are as follows:



Balance October 31, 2018		$	27,376
	Foreign currency translation	233
Balance January 31, 2019		$	27,609

Intangible Assets

The changes in the carrying amount of finite-lived intangible assets for the three months ended January 31, 2019 are as follows:



		Customer Relationships			Developed Technology			Non-Compete			Trade Name			Trademark			Total
Balance October 31, 2018		$	10,311		$	3,404		$	15		$	1,131		$	78		$	14,939
	Amortization expense	(333		)	(99		)	(4		)	(31		)	(4		)	(471		)
	Foreign currency translation	1			21			—			—			—			22
Balance January 31, 2019		$	9,979		$	3,326		$	11		$	1,100		$	74		$	14,490

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:



	January 31, 2019
	Weighted Average Useful Life (years)	Gross Carrying Value Net of Foreign Currency		Accumulated Amortization			Net
Customer relationships	7.7	17,565		$	(7,586	)	$	9,979
Developed technology	9.6	7,186		(3,860		)	3,326
Non-compete	0.7	824		(813		)	11
Trade Name	8.9	1,875		(775		)	1,100
Trademark	4.5	166		(92		)	74
		$	27,616	$	(13,126	)	$	14,490

Total amortization expense for the three months ended January 31, 2019 and 2018 was $521 and $565, respectively. A favorable lease asset of $1,458 was acquired as part of the Brabant acquisitions in fiscal 2018 with a 7 year useful life. Amortization expense of $50 for this asset is included in the amortization of intangible assets and the balance of $1,180 is included within other assets for the three months ended January 31, 2019. Amortization expense related to intangible assets and the favorable lease asset for the following fiscal years ending is estimated to be as follows:



Twelve Months Ended January 31,
2020	$	2,078
2021	2,067
2022	2,067
2023	2,067
2024	2,059
Thereafter	5,332
	$	15,670

- 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.

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