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PURCHASED INTANGIBLE ASSETS
 9 Months Ended
Oct. 31, 2019
PURCHASED INTANGIBLE ASSETS  
PURCHASED INTANGIBLE ASSETS

NOTE 5 – PURCHASED INTANGIBLE ASSETS

 

Primarily due to the significant reduction of the fair value of the business of APC deemed to have occurred as a result of the substantial contract loss discussed in Note 2 above, the Company recorded an impairment loss in the first quarter ended April 30, 2019 in the amount of $2.1 million, which was the balance of goodwill associated with APC included in the condensed consolidated balance sheet as of January 31, 2019. At October 31 and January 31, 2019, the goodwill balances related to the acquisitions of GPS and TRC were $18.5 million and $12.3 million, respectively. No other changes were made to the balances of goodwill during the nine-month periods ended October 31, 2019 or 2018. The Company’s purchased intangible assets, other than goodwill, consisted of the following elements as of October 31 and January 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

October 31, 2019

    

January 31,

 

 

Estimated

 

Gross

 

Accumulated

 

Net

 

2019 (net

 

    

Useful Life

    

Amount

    

Amortization

    

Amount

    

amount)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

15 years

 

$

8,323

 

$

4,442

 

$

3,881

 

$

4,424

Process certifications

 

7 years

 

 

1,897

 

 

1,062

 

 

835

 

 

1,039

Customer relationships

 

4-10 years

 

 

1,346

 

 

789

 

 

557

 

 

674

Totals

 

 

 

$

11,566

 

$

6,293

 

$

5,273

 

$

6,137