Intangible Assets and Goodwill

6 Months Ended

Apr. 30, 2013

6.	Intangible Assets and Goodwill

A summary of intangible assets is as follows:


	April 30, 2013							October 31, 2012
In thousands	Gross Amount		Amorti- zation			Net Book Value		Gross Amount		Amorti- zation			Net Book Value
Non-amortizable trademarks	$	124,068	$	—		$	124,068	$	124,053	$	—		$	124,053
Amortizable trademarks		23,929		(11,645	)		12,284		23,543		(10,866	)		12,677
Amortizable licenses		13,873		(13,873	)		—		13,919		(13,803	)		116
Other amortizable intangibles		8,119		(5,722	)		2,397		8,083		(5,480	)		2,603

	$	169,989	$	(31,240	)	$	138,749	$	169,598	$	(30,149	)	$	139,449

Certain trademarks 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 first half ended April 30, 2013 and 2012 was approximately $1 million and $2 million, respectively. Annual amortization expense is estimated to be approximately $2 million through fiscal 2018. Licenses will no longer be amortized as they are fully amortized.

Goodwill related to the Company’s operating segments as of the dates indicated was as follows:


In thousands	April 30, 2013		October 31, 2012
EMEA	$	190,700	$	190,986
Americas		75,857		75,974
APAC		6,207		6,207

	$	272,764	$	273,167

Goodwill decreased approximately $0.4 million during the first half ended April 30, 2013 due to changes in foreign currency exchange rates.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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