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Intangible Assets
3 Months Ended
Apr. 28, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

(7) Intangible Assets

Intangible assets are as follows:

 

     April 28, 2018      January 31, 2018  
(In thousands)    Gross
Carrying
Amount
    Accumulated
Amortization
    Currency
Translation
Adjustment
     Net
Carrying
Amount
     Gross
Carrying
Amount
     Accumulated
Amortization
    Currency
Translation
Adjustment
     Net
Carrying
Amount
 

Miltope:

                    

Customer Contract Relationships

   $ 3,100     $ (1,516   $ —        $ 1,584      $ 3,100      $ (1,438   $ —        $ 1,662  

RITEC:

                    

Customer Contract Relationships

     2,830       (519     —          2,311        2,830        (461     —          2,369  

Non-Competition Agreement

     950       (538     —          412        950        (491     —          459  

TrojanLabel:

                    

Existing Technology

     2,327       (445     256        2,138        2,327        (350     313        2,290  

Distributor Relations

     937       (125     105        917        937        (99     130        968  

Honeywell:

                    

Customer Contract Relationships

     27,243     (1,678     —          25,565        26,843        (958     —          25,885  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

Intangible Assets, net

   $ 37,387     $ (4,821   $ 361      $ 32,927      $ 36,987      $ (3,797   $ 443      $ 33,633  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

* Includes additional $0.4 million related to the TSA obligation incurred in the first quarter of fiscal 2019.

There were no impairments to intangible assets during the periods ended April 28, 2018 and April 29, 2017. With respect to the acquired intangibles included in the table above, amortization expense of $1,024,000 and $298,000, has been included in the condensed consolidated statements of income for the periods ended April 28, 2018 and April 29, 2017, respectively.

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

 

(In thousands)    Remaining
2019
     2020      2021      2022      2023  

Estimated amortization expense

   $ 3,110      $ 4,246      $ 4,116      $ 4,028      $ 4,024