INTANGIBLE ASSETS

12 Months Ended

Oct. 29, 2017

INTANGIBLE ASSETS [Abstract]

INTANGIBLE ASSETS

NOTE 3 - INTANGIBLE ASSETS

Amortization expense of the Company’s finite-lived intangible assets was $4.9 million, $4.8 million and $6.0 million in fiscal years 2017, 2016 and 2015, respectively.

Intangible assets consist of:

As of October 29, 2017	Gross Amount		Accumulated Amortization			Net Amount
Technology license agreement	$	59,616	$	(45,374	)	$	14,242
Customer relationships		9,375		(7,793	)		1,582
Software and other		8,195		(6,897	)		1,298
	$	77,186	$	(60,064	)	$	17,122
As of October 30, 2016
Technology license agreement	$	59,616	$	(41,400	)	$	18,216
Customer relationships		8,657		(7,522	)		1,135
Software and other		6,444		(5,941	)		503
	$	74,717	$	(54,863	)	$	19,854

The weighted-average amortization period of intangible assets acquired in fiscal year 2017 was 4.5 years, primarily comprised of acquired customer relationships and technology that has an amortization period of five years, and software that has an amortization period of three years. The weighted-average amortization period of intangible assets acquired in fiscal year 2016, which is comprised of software, is three years.

Intangible asset amortization over the next five years is estimated to be as follows:

Fiscal Years:
2018	$	4,742
2019		4,564
2020		4,510
2021		2,747
2022		128