Intangible Assets

3 Months Ended

Jan. 31, 2018

Intangible Assets Disclosure Tables [Abstract]

Intangible Assets

9.Intangible Assets

The following is a summary of intangible assets at January 31, 2018 and October 31,2017:

January 31, 2018
(dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets:
Client relationships acquired	$	134,247	$	(105,390)	$	28,857
Intellectual property acquired		1,025		(469)		556
Trademark acquired		4,257		(913)		3,344
Research system acquired		639		(231)		408
Non-amortizing intangible assets:
Mutual fund management contracts acquired		54,408		-		54,408
Total	$	194,576	$	(107,003)	$	87,573

October 31, 2017
(dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets:
Client relationships acquired	$	134,247	$	(103,314)	$	30,933
Intellectual property acquired		1,025		(452)		573
Trademark acquired		4,257		(821)		3,436
Research system acquired		639		(177)		462
Non-amortizing intangible assets:
Mutual fund management contracts acquired		54,408		-		54,408
Total	$	194,576	$	(104,764)	$	89,812

Amortization expense was $2.2 million and $2.3million for thethree months endedJanuary 31,2018 and 2017, respectively.Estimated remaining amortization expense for fiscal 2018 and the next five fiscal years, on a straight-line basis, is as follows:

		Estimated
Year Ending October 31,		Amortization
(in thousands)		Expense
Remaining 2018	$	6,688
2019		4,978
2020		3,807
2021		2,282
2022		2,154
2023		1,754