Acquired Intangible Assets and Goodwill (Tables)

9 Months Ended

Jul. 31, 2013

Acquired Intangible Assets and Goodwill [Abstract]

Acquired intangible assets and goodwill

	July 31, 2013				October 31, 2012
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
	Amount		Amortization		Amount		Amortization
Amortizable intangible assets:
Non-compete agreement	$	1,000,000	$	1,000,000	$	1,000,000	$	1,000,000
Customer relationships		2,451,073		1,118,508		2,451,073		1,026,935
Other		564,946		554,363		564,946		541,236
		4,016,019		2,672,871		4,016,019		2,568,171
Unamortizable intangible assets:
Goodwill		1,307,267		76,782		3,964,600		507,278
		1,307,267		76,782		3,964,600		507,278
Total goodwill and other intangibles	$	5,323,286	$	2,749,653	$	7,980,619	$	3,075,449

Estimated amortization expense

Estimated amortization expense for each of the following years is:

Ending October 31,
2013	$	34,899
2014		128,306
2015		122,098
2016		122,098
2017		122,098
Thereafter		813,649
	$	1,343,148

Changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill and other amortizing intangibles for the nine months ended July 31, 2013 were:

Goodwill:

	Printing			Office Products and Furniture		Total
Balance at October 31, 2012						$
Goodwill	$	2,226,837		$	1,230,485		3,457,322
Accumulated impairment losses		-			-		-
	$	2,226,837		$	1,230,485	$	3,457,322
Goodwill acquired nine months ended July 31, 2013	$	-		$	-	$	-
Impairment losses nine months ended July 31, 2013		(2,226,837	)		-		(2,226,837	)
Balance at July 31, 2013
Goodwill		2,226,837			1,230,485		3,457,322
Accumulated impairment losses		(2,226,837	)		-		(2,226,837	)
	$	-		$	1,230,485	$	1,230,485

Changes in the carrying amount of trademark and masthead, and other amortizing intangibles

Amortizing Intangible Assets (net of amortization expense):

	Printing		Office Products and Furniture		Total
Balance at October 31, 2012
Amortizing intangible	$	500,721	$	947,127	$	1,447,848
Accumulated impairment losses		-		-		-
	$	500,721	$	947,127	$	1,447,848
Amortizing intangible acquired nine months ended July 31, 2013	$	-	$	-	$	-
Impairment losses nine months ended July 31, 2013		-		-		-
Amortization expense		43,804		60,896		104,700
Balance at July 31, 2013
Amortizing intangible		456,917		886,231		1,343,148
Accumulated impairment losses		-		-		-
	$	456,917	$	886,231	$	1,343,148

Impairment charges

A summary of impairment charges from continuing operations is included in the table below:

		Nine months ended July 31,
		2013		2012
Goodwill	$	2,226,837	$	-
Other intangibles		-		-
	$	2,226,837	$	-

A summary of impairment charges from discontinued operations is included in the table below:

		Nine months ended July 31,
		2013		2012
Goodwill	$	-	$	9,510,933
Other intangibles		-		-
Trademark & masthead		-		-
	$	-	$	9,510,933