INTANGIBLE ASSETS

12 Months Ended

Oct. 31, 2018

INTANGIBLE ASSETS [Abstract]

INTANGIBLE ASSETS

NOTE 3 - INTANGIBLE ASSETS

Amortization expense of the Company’s finite-lived intangible assets was $4.8 million, $4.9 million and $4.8 million in fiscal years 2018, 2017 and 2016, respectively.

Intangible assets consist of:

As of October 31, 2018	Gross Amount		Accumulated Amortization			Net Amount
Technology license agreement	$	59,616	$	(49,349	)	$	10,267
Customer relationships		9,147		(7,959	)		1,188
Software and other		6,519		(5,606	)		913
	$	75,282	$	(62,914	)	$	12,368
As of October 29, 2017
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

The weighted-average amortization period of intangible assets acquired in fiscal year 2018, which is comprised of software, is three years. 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.

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

Fiscal Years:
2019	$	4,588
2020		4,539
2021		2,706
2022		129
2023		126