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Other Intangible Assets
3 Months Ended
Apr. 30, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

NOTE 7—OTHER INTANGIBLE ASSETS

The Company’s intangible assets, other than goodwill, consisted of the following amounts at April 30, 2014 and January 31, 2014:

 

            April 30, 2014      January 31,  
     Estimated
Useful

Life
     Gross
Carrying
Amount
     Accumulated
Amortization
     Net
Amount
     2014
Net
Amount
 

Trade name—GPS

     15 years       $ 3,643,000       $ 1,796,000       $ 1,847,000       $ 1,907,000   

Trade name—SMC

     Indefinite         181,000         —           181,000         181,000   
     

 

 

    

 

 

    

 

 

    

 

 

 

Intangible assets, net

      $ 3,824,000       $ 1,796,000       $ 2,028,000       $ 2,088,000   
     

 

 

    

 

 

    

 

 

    

 

 

 

Amortization expense was $60,000 and $61,000 for the three month periods ended April 30, 2014 and 2013, respectively.