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Intangible Assets (Tables)
9 Months Ended
Oct. 28, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Fair Value of Acquired Identifiable Intangible Assets and Related Estimated Useful Lives

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

 

 

Summary of Estimated Amortization Expense

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