Intangible Assets and Goodwill

3 Months Ended

Jan. 31, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

7.	Intangible Assets and Goodwill

Intangible assets consisted of the following as of the dates indicated:


	January 31, 2014							October 31, 2013
In thousands	Gross Amount		Amorti- zation			Net Book Value		Gross Amount		Amorti- zation			Net Book Value
Non-amortizable trademarks	$	124,088	$	—		$	124,088	$	124,099	$	—		$	124,099
Amortizable trademarks		20,255		(11,870	)		8,385		19,810		(11,534	)		8,276
Amortizable licenses		11,761		(11,761	)		—		12,749		(12,749	)		—
Other amortizable intangibles		8,278		(6,086	)		2,192		8,185		(5,964	)		2,221

	$	164,382	$	(29,717	)	$	134,665	$	164,843	$	(30,247	)	$	134,596

The change in non-amortizable trademarks is due primarily to foreign currency exchange fluctuations. Other amortizable intangibles primarily include non-compete agreements, patents and customer relationships. These amortizable intangibles are amortized on a straight-line basis over their estimated useful lives. 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 each of the first quarters of fiscal 2014 and 2013 was approximately $0.5 million. Annual amortization expense is estimated to be approximately $2 million through fiscal 2017 and approximately $1 million in fiscal 2018 and 2019.

A summary of goodwill by segment, and in total, and changes in the carrying amounts, as of the dates indicated are as follows:


In thousands	Americas			EMEA			APAC			Consolidated
Gross goodwill	$	75,974		$	174,869		$	135,752		$	386,595
Accumulated impairment losses		—			—			(129,545	)		(129,545	)

Net goodwill at Nov. 1, 2012	$	75,974		$	174,869		$	6,207		$	257,050

Foreign currency translation and other		(1,031	)		5,606			—			4,575

Gross goodwill		74,943			180,475			135,752			391,170
Accumulated impairment losses		—			—			(129,545	)		(129,545	)

Net goodwill at Oct. 31, 2013	$	74,943		$	180,475		$	6,207		$	261,625

Foreign currency translation and other		(517	)		(2,870	)		—			(3,387	)

Gross goodwill		74,426			177,605			135,752			387,783
Accumulated impairment losses		—			—			(129,545	)		(129,545	)

Net goodwill at Jan. 31, 2014	$	74,426		$	177,605		$	6,207		$	258,238

The table above excludes goodwill recorded from our fiscal 2012 acquisition of Surfdome that has been reclassified to assets held for sale in our consolidated balance sheets. For the first quarter of fiscal 2014, goodwill fluctuated due to the effect of 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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