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Intangible Assets

3 Months Ended

May 01, 2021

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