Acquired Intangible Assets and Goodwill (Tables)

3 Months Ended

Jan. 31, 2014

Acquired Intangible Assets and Goodwill [Abstract]

Acquired intangible assets and goodwill

	January 31, 2014				October 31, 2013
	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		1,179,557		2,451,073		1,149,033
Other		564,946		563,112		564,946		558,737
		4,016,019		2,742,669		4,016,019		2,707,770
Unamortizable intangible assets:
Goodwill		1,737,763		507,278		1,737,763		507,278
		1,737,763		507,278		1,737,763		507,278
Total goodwill and other intangibles	$	5,753,782	$	3,249,947	$	5,753,782	$	3,215,048

Estimated amortization expense

Estimated amortization expense for each of the following years is:

2014	$	93,407
2015		122,098
2016		122,098
2017		122,098
2018		122,098
Thereafter		691,551
	$	1,273,350

Changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill and other amortizing intangibles for the three months ended January 31, 2014 were:

Goodwill:

	Printing			Office Products and Furniture		Total
Balance at October 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
Goodwill acquired three months ended January 31, 2014		-			-		-
Impairment losses three months ended January 31, 2014
Balance at January 31, 2014
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, 2013
Amortizing intangible assets	$	442,317	$	865,932	$	1,308,249
Accumulated impairment losses		-		-		-
		442,317		865,932		1,308,249
Amortizing intangible assets acquired three months ended January 31, 2014		-		-		-
Impairment losses three months ended January 31, 2014		-		-		-
Amortization expense		14,525		20,374		34,899
Balance at January 31, 2014
Amortizing intangible assets		427,792		845,558		1,273,350
Accumulated impairment losses		-		-		-
	$	427,792	$	845,558	$	1,273,350

Impairment charges

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

		Three Months Ended January 31,
		2014		2013
Goodwill	$	-	$	2,226,837
Other intangibles		-		-
	$	-	$	2,226,837