Intangible Assets and Goodwill

3 Months Ended

Apr. 30, 2012

Intangible Assets and Goodwill [Abstract]

Intangible Assets and Goodwill

5. Intangible Assets and Goodwill

A summary of intangible assets is as follows:

	April 30, 2012							October 31, 2011
In thousands	Gross Amount		Amortization			Net Book Value		Gross Amount		Amortization			Net Book Value
Amortizable trademarks	$	20,082	$	(10,283	)	$	9,799	$	20,174	$	(9,782	)	$	10,392
Amortizable licenses		14,070		(13,249	)		821		14,380		(12,822	)		1,558
Other amortizable intangibles		8,057		(5,240	)		2,817		9,029		(5,987	)		3,042
Non-amortizable trademarks		123,775		—			123,775		123,151		—			123,151
	$	165,984	$	(28,772	)	$	137,212	$	166,734	$	(28,591	)	$	138,143

Certain trademarks and licenses will continue to be amortized by the Company using estimated useful lives of 10 to 25 years with no residual values. Intangible amortization expense for the six months ended April 30, 2012 and 2011 was $1.6 million and $1.5 million, respectively. Annual amortization expense is estimated to be approximately $2.9 million in the fiscal year ending October 31, 2012, approximately $2.0 million in the fiscal year ending October 31, 2013, and approximately $1.5 million in the fiscal years ending October 31, 2014 through 2017.

Goodwill related to the Company’s operating segments is as follows:

In thousands	April 30, 2012		October 31, 2011
Americas	$	76,146	$	76,048
Europe		185,987		186,334
Asia/Pacific		6,207		6,207
	$	268,340	$	268,589

Goodwill decreased approximately $0.2 million during the six months ended April 30, 2012. Goodwill increased by $0.1 million in the Americas segment as a result of the effect of changes in foreign currency exchange rates and decreased by $0.3 million in the European segment as a result of a decrease of $7.8 million due to the effect of changes in foreign currency exchange rates, partially offset by an increase to goodwill of $7.5 million related to acquisitions.