XML 26 R15.htm IDEA: XBRL DOCUMENT v3.19.2
Goodwill and Intangible Assets
 6 Months Ended
Apr. 30, 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 six months ended April 30, 2019 are as follows:
Balance October 31, 2018
 
$
27,376

 
Foreign currency translation
 
45

Balance April 30, 2019
 
$
27,421



Intangible Assets
    
The changes in the carrying amount of finite-lived intangible assets for the six months ended April 30, 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
(666
)
 
(198
)
 
(8
)
 
(62
)
 
(8
)
 
(942
)
 
Foreign currency translation
(2
)
 
(22
)
 
—

 
—

 
—

 
(24
)
Balance April 30, 2019
$
9,643

 
$
3,184

 
$
7

 
$
1,069

 
$
70

 
$
13,973


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:
 
 
April 30, 2019
 
 
Weighted Average Useful Life (years)
 
Gross Carrying Value Net of Foreign Currency
 
Accumulated Amortization
 
Net
 
Customer relationships
7.4
 
17,562

 
$
(7,919
)
 
$
9,643

 
Developed technology
9.3
 
7,143

 
(3,959
)
 
3,184

 
Non-compete
0.4
 
824

 
(817
)
 
7

 
Trade Name
8.7
 
1,875

 
(806
)
 
1,069

 
Trademark
4.3
 
166

 
(96
)
 
70

 
 
 
 
$
27,570

 
$
(13,597
)
 
$
13,973


Total amortization expense was $519 and $1,040 for the three and six months ended April 30, 2019, respectively, and $595 and $1,160 for the three and six months ended April 30, 2018, respectively. A favorable lease asset of $1,458 was acquired as part of the Brabant acquisitions in fiscal year 2018 with a 7 year useful life. Amortization expense for the three and six months ended April 30, 2019 was $48 and $98, respectively. A net balance of $1,105 is included within other assets for the favorable lease asset. 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 April 30,
 
 
2020
 
$
2,066

2021
 
2,060

2022
 
2,060

2023
 
2,061

2024
 
2,045

Thereafter
 
4,786

 
 
$
15,078