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Intangible Assets
6 Months Ended
Jul. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Note 5 – Intangible Assets
Intangible assets are as follows:
 

 
  
July 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      $ (2,646   $ —        $ 454      $ 3,100      $ (2,515   $ —        $ 585  
RITEC:
                                                                     
Customer Contract Relationships
     2,830        (1,590     —          1,240        2,830        (1,557     —          1,273  
TrojanLabel:
                                                                     
Existing Technology
     2,327        (1,929     73        471        2,327        (1,767     127        687  
Distributor Relations
     937        (543     5        399        937        (498     46        485  
Honeywell:
                                                                     
Customer Contract Relationships
     27,243        (11,493     —          15,750        27,243        (11,073     —          16,170  
    
 
 
    
 
 
   
 
 
    
 
 
    
 
 
    
 
 
   
 
 
    
 
 
 
Intangible Assets, net
   $ 36,437      $ (18,201   $ 78      $ 18,314      $ 36,437      $ (17,410   $ 173      $ 19,200  
    
 
 
    
 
 
   
 
 
    
 
 
    
 
 
    
 
 
   
 
 
    
 
 
 
There were no impairments
to intangible assets during the periods ended July 30, 2022, and July 31, 2021.
With respect to the acquired intangibles included in the table above, amortization expense of $0.4 million has been included in the condensed consolidated statements of income for each of the three months ended July 30, 2022, and July 31, 2021. Amortization expense of $0.8 million and $1.4 million related to the above-acquired intangibles has been included in the accompanying condensed consolidated statement of income for the six months ended July 30, 2022, and July 31, 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
   $ 792      $ 1,645      $ 997      $ 997      $ 997