Intangible Assets

3 Months Ended

May 02, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Note 5 – Intangible Assets

Intangible assets are as follows:


	May 2, 2020									January 31, 2020
(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	$	(2,098	)	$	—	$	1,002	$	3,100	$	(2,021	)	$	—	$	1,079
RITEC:
Customer Contract Relationships		2,830		(1,156	)		—		1,674		2,830		(1,076	)		—		1,754
Non-Competition Agreement		950		(918	)		—		32		950		(871	)		—		79
TrojanLabel:
Existing Technology		2,327		(1,136	)		68		1,259		2,327		(1,053	)		78		1,352
Distributor Relations		937		(320	)		22		639		937		(297	)		27		667
Honeywell:
Customer Contract Relationships		27,243		(7,521	)		—		19,722		27,243		(6,791	)		—		20,452

Intangible Assets, net	$	37,387	$	(13,149	)	$	90	$	24,328	$	37,387	$	(12,109	)	$	105	$	25,383

There were no impairments to intangible assets during the periods ended May 2, 2020 and May

, 2019. With respect to the acquired intangibles included in the table above, amortization expense of $1.0 million and $1.1 million has been included in the condensed consolidated statements of income for the three months ended May 2, 2020 and May 4, 2019, respectively.

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


(In thousands)	Remaining 2021		2022		2023		2024		2025
Estimated amortization expense	$	3,018	$	3,964	$	3,957	$	3,960	$	3,392