Property, Plant and Equipment

12 Months Ended

Jan. 31, 2022

Property, Plant and Equipment [Abstract]

Note 5—Property, Plant and Equipment

Property, plant and equipment consist of the following:


	January 31,
	2022		2021
(In thousands)
Land and Land Improvements	$	1,004	$	1,004
Buildings and Leasehold Improvements		12,666		12,642
Machinery and Equipment		23,238		23,346
Computer Equipment and Software		13,913		13,847

Gross Property, Plant and Equipment		50,821		50,839
Accumulated Depreciation		(39,380)		(38,828)

Net Property Plant and Equipment	$	11,441	$	12,011

Depreciation expense on property, plant and equipment was $1.7 million for the year ended January 31,

2022 and $1.9 million and $2.0 million for the years ended January 31, 2020 and 2019, respectively.

During the current fiscal year, we

wrote-off

our Oracle EnterpriseOne enterprise resource planning (“ERP”) system due to the full implementation of a new ERP system in our US operations. The book value and related accumulated depreciation of the Oracle EnterpriseOne ERP system along with the balance of the related prepaid service and maintenance contracts have been removed from the accompanying consolidated balance sheet at January 31, 2022, and we have recorded a net loss on the disposal

of $696,000, which is included in other income (expense) in the accompanying consolidated income statement for the year ended January 31, 2022.