Intangible Assets

3 Months Ended

Apr. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Note 5 – Intangible Assets

Intangible assets are as follows:


	April 30, 2022										January 31, 2022
(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	$	(2,580	)	$	—		$	520	$	3,100	$	(2,515	)	$	—	$	585
RITEC:
Customer Contract Relationships		2,830		(1,573	)		—			1,257		2,830		(1,557	)		—		1,273
TrojanLabel:
Existing Technology		2,327		(1,489	)		(272	)		566		2,327		(1,767	)		127		687
Distributor Relations		937		(419	)		(84	)		434		937		(498	)		46		485
Honeywell:
Customer Contract Relationships		27,243		(11,283	)		—			15,960		27,243		(11,073	)		—		16,170

Intangible Assets, net	$	36,437	$	(17,344	)	$	(356	)	$	18,737	$	36,437	$	(17,410	)	$	173	$	19,200

There were no impairments to intangible assets during the periods ended April 30, 2022 and May 1, 2021.

With respect to the acquired intangibles included in the table above, amortization expense of $0.4 million and $1.0 million has been included in the condensed consolidated statements of income for the three months ended April 30, 2022 and May 1, 2021, respectively.

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


(In thousands)	Remaining 2023		2024		2025		2026		2027
Estimated amortization expense	$	1,303	$	1,657	$	1,000	$	1,000	$	1,000