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Goodwill and Intangible Assets
3 Months Ended
Jan. 31, 2020
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, 2020 are as follows:
Balance October 31, 2019
 
$
22,395

 
Foreign currency translation
 
30

Balance January 31, 2020
 
$
22,425



Intangible Assets:
    
The changes in the carrying amount of finite-lived intangible assets for the three months ended January 31, 2020 are as follows:
 
 
Customer Relationships
 
Developed Technology
 
Trade Name
 
Trademark
 
Total
Balance October 31, 2019
$
8,977

 
$
2,979

 
$
1,008

 
$
61

 
$
13,025

 
Amortization expense
(333
)
 
(98
)
 
(31
)
 
(4
)
 
(466
)
 
Foreign currency translation

 
(13
)
 

 

 
(13
)
Balance January 31, 2020
$
8,644

 
$
2,868

 
$
977

 
$
57

 
$
12,546

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, 2020
 
 
Weighted Average Useful Life (years)
 
Gross Carrying Value Net of Foreign Currency
 
Accumulated Amortization
 
Net
 
Customer relationships
6.7
 
$
17,561

 
$
(8,917
)
 
$
8,644

 
Developed technology
8.7
 
7,120

 
(4,252
)
 
2,868

 
Trade Name
7.9
 
1,875

 
(898
)
 
977

 
Trademark
3.5
 
267

 
(210
)
 
57

 
 
 
 
$
26,823

 
$
(14,277
)
 
$
12,546


Total amortization expense for the three months ended January 31, 2020 and 2019 was $519 and $521, 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 months ended January 31, 2020 was $53 and is included within the amortization of intangible assets. A net balance of $951 is included within other assets for the favorable lease asset. Amortization expense related to intangible assets and the favorable lease asset is estimated to be as follows:
    
Twelve Months Ended January 31,
 
 
2021
 
$
2,056

2022
 
2,056

2023
 
2,056

2024
 
2,046

2025
 
1,941

Thereafter
 
3,342

 
 
$
13,497