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INTANGIBLE ASSETS
 12 Months Ended
Oct. 31, 2020
INTANGIBLE ASSETS [Abstract]  
INTANGIBLE ASSETS
NOTE 4 - INTANGIBLE ASSETS


Amortization expense of the Company’s finite-lived intangible assets was $4.6 million, $4.6 million and $4.8 million in fiscal years 2020, 2019 and 2018, respectively.


Intangible assets consist of:

As of October 31, 2020
  
Gross
Amount
    
Accumulated
Amortization
    
Net
Amount
  
Technology license agreement
  
$
59,616
    
$
(57,298
)
  
$
2,318
  
Customer relationships
    
2,060
      
(1,245
)
    
815
  
Software and other
    
6,496
      
(6,192
)
    
304
  
   
$
68,172
    
$
(64,735
)
  
$
3,437
  
                         
As of October 31, 2019
                        
Technology license agreement
  
$
59,616
    
$
(53,323
)
  
$
6,293
  
Customer relationships
    
9,174
      
(8,186
)
    
988
  
Software and other
    
6,537
      
(5,948
)
    
589
  
   
$
75,327
    
$
(67,457
)
  
$
7,870
  


The weighted-average amortization periods of intangible assets acquired in fiscal years 2020 and 2019, which are comprised of software, is three years.


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

Fiscal Years:
      
       
2021
  
$
2,839
  
2022
  
$
131
  
2023
  
$
129
  
2024
  
$
128
  
2025
  
$
128
  
Thereafter
  
$
82