Acquired Intangible Assets and Goodwill (Tables)

3 Months Ended

Jan. 31, 2015

	January 31, 2015				October 31, 2014
	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		1,301,655		2,451,073		1,271,130
Other		564,946		564,946		564,946		564,946
		4,016,019		2,866,601		4,016,019		2,836,076

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	$	3,373,879	$	5,753,782	$	3,343,354

Estimated amortization expense for each of the following years is:

The changes in the carrying amount of goodwill and other amortizing intangibles for the three months ended January 31, 2015 were:

Goodwill:

	Printing			Office Products and Furniture		Total

Balance at October 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

Goodwill acquired three months ended January 31, 2015		-			-		-
Impairment losses three months ended January 31, 2015		-			-		-

Balance at January 31, 2015
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

Amortizing Intangible Assets (net of amortization expense):

	Printing		Office Products and Furniture		Total

Balance at October 31, 2014:
Amortizing intangible assets	$	395,206	$	784,737	$	1,179,943
Accumulated impairment losses		-		-		-
		395,206		784,737		1,179,943

Amortizing intangible assets acquired three months ended January 31, 2015		-		-		-
Impairment losses three months ended January 31, 2015		-		-		-
Amortization expense		10,151		20,374		30,525

Balance at January 31, 2015:
Amortizing intangible assets		385,055		764,363		1,149,418
Accumulated impairment losses		-		-		-
	$	385,055	$	764,363	$	1,149,418