Intangible Assets

12 Months Ended

Jan. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Note 4—Intangible Assets

Intangible assets are as follows:


	January 31, 2021									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	$	(2,284	)	$	—	$	816	$	3,100	$	(2,021	)	$	—	$	1,079
RITEC:
Customer Contract Relationships		2,830		(1,423	)		—		1,407		2,830		(1,076	)		—		1,754
Non-Competition Agreement		950		(950	)		—		—		950		(871	)		—		79
TrojanLabel:
Existing Technology		2,327		(1,405	)		196		1,118		2,327		(1,053	)		78		1,352
Distributor Relations		937		(396	)		89		630		937		(297	)		27		667
Honeywell:
Customer Contract Relationships		27,243		(9,712	)		—		17,531		27,243		(6,791	)		—		20,452

Intangible Assets, net	$	37,387	$	(16,170	)	$	285	$	21,502	$	37,387	$	(12,109	)	$	105	$	25,383

There were no impairments to intangible assets during the periods ended January 31, 2021 and 2020. Amortization expense of $4.1 million; $4.2 million and $4.1 million with regard to acquired intangibles has been included in the consolidated statements of income for years ended January 31, 2021, 2020 and 2019, respectively.

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


(In thousands)	2022		2023		2024		2025		2026

Estimated amortization expense	$	3,938	$	3,956	$	4,055	$	3,416	$	3,021