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Intangible Assets
 9 Months Ended
Oct. 27, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

(7) Intangible Assets

Intangible assets are as follows:

 

 

 

October 27, 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

 

 

$

(1,644

)

 

$

—

 

 

$

1,456

 

 

$

3,100

 

 

$

(1,438

)

 

$

—

 

 

$

1,662

 

RITEC:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Contract Relationships

 

 

2,830

 

 

 

(667

)

 

 

—

 

 

 

2,163

 

 

 

2,830

 

 

 

(461

)

 

 

—

 

 

 

2,369

 

Non-Competition Agreement

 

 

950

 

 

 

(633

)

 

 

—

 

 

 

317

 

 

 

950

 

 

 

(491

)

 

 

—

 

 

 

459

 

TrojanLabel:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Existing Technology

 

 

2,327

 

 

 

(624

)

 

 

130

 

 

 

1,833

 

 

 

2,327

 

 

 

(350

)

 

 

313

 

 

 

2,290

 

Distributor Relations

 

 

937

 

 

 

(176

)

 

 

51

 

 

 

812

 

 

 

937

 

 

 

(99

)

 

 

130

 

 

 

968

 

Honeywell:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Contract Relationships

 

 

27,243

 

*

 

(3,139

)

 

 

—

 

 

 

24,104

 

 

 

26,843

 

 

 

(958

)

 

 

—

 

 

 

25,885

 

Intangible Assets, net

 

$

37,387

 

 

$

(6,883

)

 

$

181

 

 

$

30,685

 

 

$

36,987

 

 

$

(3,797

)

 

$

443

 

 

$

33,633

 

 

*

Includes additional $0.4 million related to the payment in fiscal 2019 in accordance with the terms of the TSA.

There were no impairments to intangible assets during the periods ended October 27, 2018 and October 28, 2017. With respect to the acquired intangibles included in the table above, amortization expense of $1,039,000 and $508,000 related to the above acquired intangibles has been included in the condensed consolidated statement of income for the three months ended October 27, 2018 and October 28, 2017, respectively. Amortization expense of $3,085,000 and $1,111,000 related to the above acquired intangibles has been included in the condensed consolidated statement of income for the nine months ended October 27, 2018 and October 28, 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

 

$

1,031

 

 

$

4,228

 

 

$

4,098

 

 

$

4,010

 

 

$

4,006