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Intangible Assets
3 Months Ended
May 02, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

(5) Intangible Assets

Intangible assets are as follows:

 

     May 2, 2015      January 31, 2015  
($ In thousands)    Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
     Gross
Carrying
Amount
     Accumulated
Amortization
     Net
Carrying
Amount
 

Intangible assets subject to amortization:

                

Customer Contract Relationships

   $ 3,100       $ (491   $ 2,609       $ 3,100       $ (402    $ 2,698   

Backlog

     300         (300     —           300         (300      —     
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Intangible assets, net

$ 3,400    $ (791 $ 2,609    $ 3,400    $ (702 $ 2,698   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

There were no impairments to intangible assets during the periods ended May 2, 2015 and May 3, 2014. Amortization expense of $89,000 and $175,000 in regards to the above acquired intangibles has been included in the condensed consolidated statements of income for the periods ended May 2, 2015 and May 3, 2014, respectively.

Estimated amortization expense for the next five years is as follows:

 

(In thousands)    Remainder
of

2016
     2017      2018      2019      2020  

Estimated amortization expenses

   $ 268       $ 349       $ 331       $ 278       $ 278