Schedule of changes in the carrying amount of goodwill |
The changes in the carrying amounts of goodwill for the three and six months ended April 28, 2019, are presented in the table below. The reduction in goodwill for the quarter is due to the divestiture of CytoSport on April 15, 2019. Beginning balances have been reclassified to conform to the current year presentation between segments. See Note N - Segment Reporting and Note C - Acquisitions and Divestitures for additional information. | | | | | | | | | | | | | | | | | | | | | (in thousands) | Grocery Products | | Refrigerated Foods | | JOTS | | International & Other | | Total | Balance at January 27, 2019 | $ | 857,373 |
| | $ | 1,458,692 |
| | $ | 176,628 |
| | $ | 224,057 |
| | $ | 2,716,750 |
| Goodwill sold | (225,072 | ) | | — |
| | — |
| | (4,945 | ) | | (230,017 | ) | Foreign currency translation | — |
| | — |
| | — |
| | (98 | ) | | (98 | ) | Balance at April 28, 2019 | $ | 632,301 |
| | $ | 1,458,692 |
| | $ | 176,628 |
| | $ | 219,014 |
| | $ | 2,486,635 |
|
| | | | | | | | | | | | | | | | | | | | | (in thousands) | Grocery Products | | Refrigerated Foods | | JOTS | | International & Other | | Total | Reported balance at October 28, 2018 | $ | 882,582 |
| | $ | 1,406,897 |
| | $ | 203,214 |
| | $ | 221,423 |
| | $ | 2,714,116 |
| Segment reclassification | (25,209 | ) | | 51,795 |
| | (26,586 | ) | | — |
| | — |
| Adjusted balance at October 28, 2018 | 857,373 |
| | 1,458,692 |
| | 176,628 |
| | 221,423 |
| | 2,714,116 |
| Goodwill sold | (225,072 | ) | | — |
| | — |
| | (4,945 | ) | | (230,017 | ) | Foreign currency translation | — |
| | — |
| | — |
| | 2,536 |
| | 2,536 |
| Balance at April 28, 2019 | $ | 632,301 |
| | $ | 1,458,692 |
| | $ | 176,628 |
| | $ | 219,014 |
| | $ | 2,486,635 |
|
|
Schedule of carrying amounts for indefinite-lived intangible assets |
The carrying amounts for indefinite-lived intangible assets are presented in the table below. | | | | | | | | | (in thousands) | April 28, 2019 | | October 28, 2018 | Brands/tradenames/trademarks | $ | 959,400 |
| | $ | 1,108,122 |
| Other intangibles | 184 |
| | 184 |
| Foreign currency translation | (3,083 | ) | | (3,484 | ) | Total | $ | 956,501 |
| | $ | 1,104,822 |
|
|
Schedule of gross carrying amount and accumulated amortization for definite-lived intangible assets |
The gross carrying amount and accumulated amortization for definite-lived intangible assets are presented in the table below. | | | | | | | | | | | | | | | | | | April 28, 2019 | | October 28, 2018 | (in thousands) | Gross Carrying Amount | | Accumulated Amortization | | Gross Carrying Amount | | Accumulated Amortization | Customer lists/relationships | $ | 113,739 |
| | $ | (32,088 | ) | | $ | 137,039 |
| | $ | (36,367 | ) | Other intangibles | 6,957 |
| | (2,172 | ) | | 6,155 |
| | (1,547 | ) | Foreign currency translation | — |
| | (2,545 | ) | | — |
| | (2,883 | ) | Total | $ | 120,696 |
| | $ | (36,805 | ) | | $ | 143,194 |
| | $ | (40,797 | ) |
|