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Intangible Assets
 9 Months Ended
Oct. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

(6) Intangible Assets

Intangible assets are as follows:

 

     October 31, 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 (Miltope)

    $ 3,100       $ (669 )    $ 2,431       $ 3,100       $ (402 )    $ 2,698   

Customer Contract Relationships (RITEC)

      2,830         (16 )     2,814         —          —         —    

Non-Compete Agreement (RITEC)

      950         (63 )      887         —          —         —    
  

 

 

     

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Intangible assets, net

    $ 6,880       $ (748 )    $ 6,132       $ 3,100       $ (402 )    $ 2,698   
  

 

 

     

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

There were no impairments to intangible assets during the periods ended October 31, 2015 and November 1, 2014. Amortization expense of $152,000 and $175,000 in regards to the above acquired intangibles has been included in the condensed consolidated statement of income for the three months ended October 31, 2015 and November 1, 2014, respectively. Amortization expense of $347,000 and $526,000 in regards to the above acquired intangibles has been included in the condensed consolidated statement of income for the nine months ended October 31, 2015 and November 1, 2014, respectively.

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

 

(In thousands)    Remainder
of
2016		      2017      2018      2019      2020  

Estimated amortization expense

    $ 152       $ 715       $ 774       $ 769       $ 802