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Intangible Assets | 3 Months Ended
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May 01, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Note 5 – Intangible Assets Intangible assets are as follows:
|  | May 1, 2021 |  |  | January 31, 2021 |
(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 |  |  | $ | (2,342 | ) |  | $ | — |  |  | $ | 758 |  |  | $ | 3,100 |  |  | $ | (2,284) |  |  | $ | — |  |  | $ | 816 |
RITEC: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Contract Relationships |  |  | 2,830 |  |  |  | (1,507 | ) |  |  | — |  |  |  | 1,323 |  |  |  | 2,830 |  |  |  | (1,423 | ) |  |  | — |  |  |  | 1,407 |
TrojanLabel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Existing Technology |  |  | 2,327 |  |  |  | (1,497 | ) |  |  | 186 |  |  |  | 1,016 |  |  |  | 2,327 |  |  |  | (1,405 | ) |  |  | 196 |  |  |  | 1,118 |
Distributor Relations |  |  | 937 |  |  |  | (422 | ) |  |  | 84 |  |  |  | 599 |  |  |  | 937 |  |  |  | (396 | ) |  |  | 89 |  |  |  | 630 |
Honeywell: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Contract Relationships |  |  | 27,243 |  |  |  | (10,443 | ) |  |  | — |  |  |  | 16,800 |  |  |  | 27,243 |  |  |  | (9,712 | ) |  |  | — |  |  |  | 17,531 |
Intangible Assets, net |  | $ | 36,437 |  |  | $ | (16,211 | ) |  | $ | 270 |  |  | $ | 20,496 |  |  | $ | 34,437 |  |  | $ | (15,220 | ) |  | $ | 285 |  |  | $ | 21,502 |
There were no impairments to intangible assets during the periods ended May 1, 2021 and May 2, 2020. With respect to the acquired intangibles included in the table above, amortization expense of $1.0 million has been included in the condensed consolidated statements of income for each of the three months ended May 1, 2021 and May 2, 2020. Estimated amortization expense for the next five fiscal years is as follows:
(In thousands) |  | Remaining 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |
Estimated amortization expense |  | $ | 2,968 |  |  | $ | 3,976 |  |  | $ | 4,075 |  |  | $ | 3,420 |  |  | $ | 3,026 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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