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Other Intangible Assets
 6 Months Ended
Jul. 31, 2012
Other Intangible Assets [Abstract]  
OTHER INTANGIBLE ASSETS

NOTE 8 - OTHER INTANGIBLE ASSETS

Other than goodwill, the Company’s intangible assets consisted of the following amounts at July 31, 2012 and January 31, 2012:

 

                                     
        July 31, 2012     January 31,  
    Estimated   Gross                 2012  
    Useful
Life		   Carrying
Amount		     Accumulated
Amortization		     Net
Amount		     Net
Amount		  

Trade name - GPS

   15 years   $ 3,643,000     $ (1,371,000 )    $ 2,272,000     $ 2,393,000  

Trade name - SMC

   Indefinite     181,000       —         181,000       181,000  
       

 

 

    

 

 

    

 

 

    

 

 

  

Other intangible assets, net

       $ 3,824,000     $ (1,371,000 )    $ 2,453,000     $ 2,574,000  
       

 

 

    

 

 

    

 

 

    

 

 

  

Amortization expense amounts were $61,000 and $87,000 for the three months ended July 31, 2012 and 2011, respectively, and were $121,000 and $175,000 for the six months ended July 31, 2012 and 2011, respectively.