GOODWILL AND INTANGIBLE ASSETS |
GOODWILL AND INTANGIBLE ASSETS Goodwill: The changes in the carrying amounts of goodwill for the three months ended January 26, 2020, are as follows: | | | | | | | | | | | | | | | | | | | | | (in thousands) | Grocery Products | | Refrigerated Foods | | Jennie-O Turkey Store | | International & Other | | Total | Balance at October 27, 2019 | $ | 632,301 |
| | $ | 1,458,692 |
| | $ | 176,628 |
| | $ | 214,024 |
| | $ | 2,481,645 |
| Foreign Currency Translation | — |
| | — |
| | — |
| | 2,443 |
| | 2,443 |
| Balance at January 26, 2020 | $ | 632,301 |
| | $ | 1,458,692 |
| | $ | 176,628 |
| | $ | 216,467 |
| | $ | 2,484,088 |
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Intangible Assets: The carrying amounts for indefinite-lived intangible assets are as follows: | | | | | | | | | (in thousands) | January 26, 2020 | | October 27, 2019 | Brands/Tradenames/Trademarks | $ | 953,190 |
| | $ | 959,400 |
| Other Intangibles | 184 |
| | 184 |
| Foreign Currency Translation | (3,393 | ) | | (3,803 | ) | Total | $ | 949,981 |
| | $ | 955,781 |
|
The gross carrying amount and accumulated amortization for definite-lived intangible assets are as follows: | | | | | | | | | | | | | | | | | | January 26, 2020 | | October 27, 2019 | (in thousands) | Gross Carrying Amount | | Accumulated Amortization | | Gross Carrying Amount | | Accumulated Amortization | Customer Lists/Relationships | $ | 113,739 |
| | $ | (39,057 | ) | | $ | 113,739 |
| | $ | (36,744 | ) | Tradenames/Trademarks | 10,536 |
| | (1,911 | ) | | 4,326 |
| | (1,589 | ) | Other Intangibles | 2,631 |
| | (1,324 | ) | | 2,631 |
| | (1,228 | ) | Foreign Currency Translation | — |
| | (2,791 | ) | | — |
| | (3,054 | ) | Total | $ | 126,906 |
| | $ | (45,083 | ) | | $ | 120,696 |
| | $ | (42,615 | ) |
Amortization expense was $2.7 million and $3.2 million for the three months ended January 26, 2020 and January 27, 2019, respectively. Estimated annual amortization expense for the five fiscal years after October 27, 2019, is as follows: | | | | | (in thousands) | |
| 2020 | $ | 11,700 |
| 2021 | 12,000 |
| 2022 | 11,644 |
| 2023 | 10,739 |
| 2024 | 8,921 |
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