Intangible Assets

9 Months Ended

Oct. 28, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

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