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Intangible Assets
6 Months Ended
Jul. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

(6) Intangible Assets

Intangible assets are as follows:

 

     July 30, 2016      January 31, 2016  
(In thousands)    Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
 

Miltope:

               

Customer Contract Relationships

   $ 3,100       $ (933   $ 2,167       $ 3,100       $ (758   $ 2,342   

RITEC:

               

Customer Contract Relationships

     2,830         (119     2,711         2,830         (31     2,799   

Non-Competition Agreement

     950         (206     744         950         (111     839   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Intangible Assets, net

   $ 6,880       $ (1,258   $ 5,622       $ 6,880       $ (900   $ 5,980   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

There were no impairments to intangible assets during the three or six months ended July 30, 2016 and August 1, 2015. Amortization expense of $179,000 and $105,000 related to the above acquired intangibles has been included in the condensed consolidated statement of income for the three months ended July 30, 2016 and August 1, 2015, respectively. Amortization expense of $358,000 and $194,000 related to the above acquired intangibles has been included in the condensed consolidated statement of income for the six months ended July 30, 2016 and August 1, 2015, respectively.

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

 

(In thousands)        2017            2018            2019            2020            2021      

Estimated amortization expense

   $715    $774    $769    $803    $ 706