IBEX Acquisition (Tables)

12 Months Ended

Oct. 31, 2018

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

The following table summarizes the purchase price allocation for the IBEX acquisition (in thousands):

Equipment	$	430
Land and buildings		2,000
Intangible assets		1,057
Goodwill		278
Accrued property taxes		(9	)
Aggregate purchase price	$	3,756
Less: Promissory note to seller		1,220
Contingent consideration		278
Cash paid at closing	$	2,258

Schedule of Identifiable Intangible Assets

The following table shows the valuation of the individual identifiable intangible assets acquired along with their estimated remaining useful lives (in thousands):

	Approximate Fair Value		Remaining Useful Life (in years)
Non-compete agreement	$	410	4
Customer contracts and relationships		534	7 to 8
Trade names and trademarks		101	10 to 11
Backlog		12	Less than 1
Total intangible assets	$	1,057