Intangible Assets

12 Months Ended

Jan. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Note 3—Intangible Assets

Intangible assets are as follows:


	January 31, 2017							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	$	(1,108	)	$	1,992	$	3,100	$	(758	)	$	2,342
RITEC:
Customer Contract Relationships		2,830		(207	)		2,623		2,830		(31	)		2,799
Non-Competition Agreement		950		(301	)		649		950		(111	)		839

Intangible assets, net	$	6,880	$	(1,616	)	$	5,264	$	6,880	$	(900	)	$	5,980

There were no impairments to intangible assets during the periods ended January 31, 2017, 2016 and 2015. Amortization expense of $0.7 million; $0.5 million and $0.7 million with regard to acquired intangibles has been included in the consolidated statements of income for years ended January 31, 2017, 2016 and 2015, respectively.

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


(In thousands)	2018		2019		2020		2021		2022
Estimated amortization expense	$	774	$	769	$	803	$	706	$	633