Note 3—Intangible Assets

Intangible assets are as follows:


	January 31, 2020									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	$	(2,021	)	$	—	$	1,079	$	3,100	$	(1,723	)	$	—	$	1,377
RITEC:
Customer Contract Relationships		2,830		(1,076	)		—		1,754		2,830		(725	)		—		2,105
Non-Competition Agreement		950		(871	)		—		79		950		(681	)		—		269
TrojanLabel:
Existing Technology		2,327		(1,053	)		78		1,352		2,327		(711	)		140		1,756
Distributor Relations		937		(297	)		27		667		937		(200	)		56		793
Honeywell:
Customer Contract Relationships		27,243		(6,791	)		—		20,452		27,243		(3,869	)		—		23,374

Intangible Assets, net	$	37,387	$	(12,109	)	$	105	$	25,383	$	37,387	$	(7,909	)	$	196	$	29,674

There were no impairments to intangible assets during the periods ended January 31, 2020 and 2019. Amortization expense of $4.2 million; $4.1 million and $2.2 million with regard to acquired intangibles has been included in the consolidated statements of income for years ended January 31, 2020, 2019 and 2018, respectively.

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


(In thousands)	2021		2022		2023		2024		2025
Estimated amortization expense	$	4,069	$	3,972	$	3,966	$	3,969	$	3,394