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Intangible Assets | 9 Months Ended
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Oct. 28, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Note 6 – Intangible Assets Intangible assets are as follows:
|  | October 28, 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 |  |  | $ | (3,019 | ) |  | $ | — |  |  | $ | 81 |  |  | $ | 3,100 |  |  | $ | (2,777 | ) |  | $ | — |  |  | $ | 323 |
RITEC: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Contract Relationships |  |  | 2,830 |  |  |  | (1,672 | ) |  |  | — |  |  |  | 1,158 |  |  |  | 2,830 |  |  |  | (1,623 | ) |  |  | — |  |  |  | 1,207 |
TrojanLabel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Existing Technology |  |  | 2,327 |  |  |  | (2,336 | ) |  |  | 89 |  |  |  | 80 |  |  |  | 2,327 |  |  |  | (2,087 | ) |  | 94 |  |  | 334 |
Distributor Relations |  | 937 |  |  |  | (662 | ) |  |  | 21 |  |  |  | 296 |  |  | 937 |  |  | (588) |  |  | 27 |  |  | 376 |
Honeywell: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Contract Relationships |  |  | 27,773 |  |  |  | (12,578 | ) |  |  | — |  |  |  | 15,195 |  |  |  | 27,773 |  |  |  | (11,913 | ) |  |  | — |  |  |  | 15,860 |
Astro Machine: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Contract Relationships |  |  | 3,060 |  |  |  | (765 | ) |  |  | — |  |  |  | 2,295 |  |  |  | 3,060 |  |  | (306) |  |  |  | — |  |  |  | 2,754 |
Trademarks |  | 420 |  |  |  | (105 | ) |  |  | — |  |  |  | 315 |  |  | 420 |  |  | (42) |  |  |  | — |  |  | 378 |
Intangible Assets, net |  | $ | 40,447 |  |  | $ | (21,137 | ) |  | $ | 110 |  |  | $ | 19,420 |  |  | $ | 40,447 |  |  | $ | (19,336 | ) |  | $ | 121 |  |  | $ | 21,232 |
There were no impairments to intangible assets during the periods ended October 28, 2023 and October 29, 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 for each of the three months ended October 28, 2023, and October 29, 2022, respectively. Amortization expense of $1.8 million and $1.2 million related to the above-acquired intangibles has been included in the accompanying condensed consolidated statement of income for the nine months ended October 28, 2023 and October 29, 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 |  | $ | 595 |  |  | $ | 1,722 |  |  | $ | 1,722 |  |  | $ | 1,722 |  |  | $ | 1,281 |

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