Intangible Assets

6 Months Ended

Jul. 29, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Note 6 – Intangible Assets

Intangible assets are as follows:


	July 29, 2023									January 31, 2023
(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	$	(2,938	)	$	—	$	162	$	3,100	$	(2,777	)	$	—	$	323
RITEC:
Customer Contract Relationships		2,830		(1,656	)		—		1,174		2,830		(1,623	)		—		1,207
TrojanLabel:
Existing Technology		2,327		(2,255	)		96		168		2,327		(2,087	)		94		334
Distributor Relations		937		(640	)		37		334		937		(588	)		27		376
Honeywell:
Customer Contract Relationships		27,773		(12,362	)		—		15,411		27,773		(11,913	)		—		15,860
Astro Machine:
Customer Contract Relationships		3,060		(612	)		—		2,448		3,060		(306	)		—		2,754
Trademarks		420		(84	)		—		336		420		(42	)		—		378
Intangible Assets, net	$	40,447	$	(20,547	)	$	133	$	20,033	$	40,447	$	(19,336	)	$	121	$	21,232

There were no impairments to intangible assets during the periods ended July 29, 2023 and July 30, 2022.

With respect to the acquired intangibles included in the table above, amortization expense of $0.6 million and $0.4 million has been included in the condensed consolidated statements of income (loss) for each of the three months ended July 29, 2023, and July 30, 2022, respectively. Amortization expense of $1.2 million and $0.8 million related to the above-acquired intangibles has been included in the accompanying condensed consolidated statement of income (loss) for the six months ended July 29, 2023 and July 30, 2022, respectively.

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

(In thousands)

Remaining
2024

2025

2026

2027

2028

Estimated amortization expense

$

1,192

$

1,724

$

1,724

$

1,724

$

1,281