Intangible Assets

9 Months Ended

Nov. 02, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Note 5 – Intangible Assets

Intangible assets are as follows:


	November 2, 2019									January 31, 2019
(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	$	(1,947	)	$	—	$	1,153	$	3,100	$	(1,723	)	$	—	$	1,377
RITEC:
Customer Contract Relationships		2,830		(988	)		—		1,842		2,830		(725	)		—		2,105
Non-Competition Agreement		950		(823	)		—		127		950		(681	)		—		269
TrojanLabel:
Existing Technology		2,327		(968	)		92		1,451		2,327		(711	)		140		1,756
Distributor Relations		937		(273	)		34		698		937		(200	)		56		793
Honeywell:
Customer Contract Relationships		27,243		(6,060	)		—		21,183		27,243		(3,869	)		—		23,374

Intangible Assets, net	$	37,387	$	(11,059	)	$	126	$	26,454	$	37,387	$	(7,909	)	$	196	$	29,674

There were no impairments to intangible assets during the periods ended November 2, 2019 and October 27, 2018. With respect to the acquired intangibles included in the table above, amortization expense of $1.1 million and $1.0 million has been included in the condensed consolidated statements of income for the three months ended November 2, 2019 and October 27, 2018, respectively. Amortization expense of $3.2 million and $3.1 million related to the above acquired intangibles has been included in the condensed consolidated statement of income for the nine months ended November 2, 2019 and October 27, 2018, respectively.

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


(In thousands)	Remaining 2020		2021		2022		2023		2024
Estimated amortization expense	$	1,050	$	4,071	$	3,983	$	3,978	$	3,975