| Schedule of the carrying amounts of intangible assets |
| | April 30, 2017 | | | | | | | | | (in thousands) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | | | | | | | | | | | | Amortizing intangible assets: | | | | | | | | | Client relationships acquired | $ | 134,247 | $ | (99,159) | $ | 35,088 | | | Intellectual property acquired | | 1,025 | | (419) | | 606 | | | Trademark acquired | | 4,257 | | (637) | | 3,620 | | | Research system | | 639 | | (71) | | 568 | | | | | | | | | | | | Non-amortizing intangible assets: | | | | | | | | | Mutual fund management contracts acquired | | 54,408 | | - | | 54,408 | | | Total | $ | 194,576 | $ | (100,286) | $ | 94,290 |
| | October 31, 2016 | | | | | | | | | (in thousands) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | | | | | | | | | | | | Amortizing intangible assets: | | | | | | | | | Client relationships acquired | $ | 133,927 | $ | (94,873) | $ | 39,054 | | | Intellectual property acquired | | 1,025 | | (385) | | 640 | | | Trademark acquired | | 900 | | (493) | | 407 | | | | | | | | | | | | Non-amortizing intangible assets: | | | | | | | | | Mutual fund management contracts acquired | | 6,708 | | - | | 6,708 | | | Total | $ | 142,560 | $ | (95,751) | $ | 46,809 |
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| Schedule of the carrying amounts of acquired intangible assets |
| | April 30, 2017 | | | | | | | | | | | (in thousands) | Weighted-Average Remaining Amortization Period
(in years) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | | | Amortizing intangible assets: | | | | | | | | | | | Client relationships acquired | 14.7 | | $ | 320 | $ | (7) | $ | 313 | | | Trademark acquired | 13.7 | | | 3,357 | | (80) | | 3,277 | | | Research system | 2.7 | | | 639 | | (71) | | 568 | | | Non-amortizing intangible assets: | | | | | | | | | | | Mutual fund management contracts
acquired | | | | 47,700 | | - | | 47,700 | | | Total | 12.3 | | $ | 52,016 | $ | (158) | $ | 51,858 |
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