Acquired Intangible Assets and Goodwill (Tables)

6 Months Ended

Apr. 30, 2016

	April 30, 2016				October 31, 2015
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
	Amount		Amortization		Amount		Amortization
Amortizable intangible assets:
Non-compete agreement	$	1,000,000	$	1,000,000	$	1,000,000	$	1,000,000
Customer relationships		2,451,073		1,454.277		2,451,073		1,393,228
Other		564,946		564,946		564,946		564,946
		4,016,019		3,019,223		4,016,019		2,958,174

Unamortizable intangible assets:
Goodwill		1,737,763		507,278		1,737,763		507,278
		1,737,763		507,278		1,737,763		507,278

Total goodwill and other intangibles	$	5,753,782	$	3,526,501	$	5,753,782	$	3,465,452

Estimated amortization expense for each of the following years is:

The changes in the carrying amount of goodwill and other amortizing intangibles for the six months ended April 30, 2016 were:

Goodwill:

	Printing			Office Products and Furniture		Total

Balance at October 31, 2015
Goodwill	$	2,226,837		$	1,230,485	$	3,457,322
Accumulated impairment losses		(2,226,837	)		-		(2,226,837	)
		-			1,230,485		1,230,485

Goodwill acquired six months ended April 30, 2016		-			-		-
Impairment losses six months ended April 30, 2016		-			-		-

Balance at April 30, 2016
Goodwill		2,226,837			1,230,485		3,457,322
Accumulated impairment losses		(2,226,837	)		-		(2,226,837	)
	$	-		$	1,230,485	$	1,230,485

Amortizing Intangible Assets (net of amortization expense):

	Printing		Office Products and Furniture		Total

Balance at October 31, 2015
Amortizing intangible assets	$	354,303	$	703,542	$	1,057,845
Accumulated impairment losses		-		-		-
		354,303		703,542		1,057,845

Amortizing intangible assets acquired six months ended April 30, 2016		-		-		-
Impairment losses six months ended April 30, 2016		-		-		-
Amortization expense		20,376		40,673		61,049

Balance at April 30, 2016
Amortizing intangible assets		333,927		662,869		996,796
Accumulated impairment losses		-		-		-
	$	333,927	$	662,869	$	996,796

CHAMPION INDUSTRIES INC 10-Q