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Other Assets and Intangibles
12 Months Ended
Oct. 31, 2020
Other Assets and Intangibles  
Other Assets and Intangibles

5. Other Assets and Intangibles

Other assets consist of the following (in thousands):

    

October 31, 

    

October 31, 

2020

2019

Mexican IVA (i.e. value-added) taxes receivable (see note 15)

$

30,126

$

27,592

Infrastructure loan to Agricola Belher and Agricola Don Memo

 

1,215

 

1,800

Other

 

1,217

 

1,514

$

32,558

$

30,906

The intangible assets consist of the following (in thousands):

October 31, 2020

October 31, 2019

    

Weighted-

    

Gross

    

    

Net

    

Gross

    

    

Net

Average

Carrying

Accum.

Book

Carrying

Accum.

Book

Useful Life

Value

Amortization

Value

Value

Amortization

Value

Customer list/relationships

 

7 years

$

17,340

$

(8,613)

$

8,727

$

7,640

$

(7,640)

$

Trade names

 

11 years

 

4,060

 

(2,852)

 

1,208

 

2,760

 

(2,760)

 

Trade secrets/recipes

 

9 years

 

630

 

(517)

 

113

 

630

 

(470)

 

160

Brand name intangibles

 

indefinite

 

275

 

 

275

 

275

 

 

275

Intangibles, net

$

22,305

$

(11,982)

$

10,323

$

11,305

$

(10,870)

$

435

We recorded amortization expense of approximately $1.1 million, $0.7 million, and $1.1 million for fiscal years 2020, 2019, and 2018. We anticipate recording amortization expense of approximately $1.6 million for each of fiscal years 2021 through 2022, $1.5 million for each fiscal years 2023 through 2024 and $4.1 million thereafter.