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Intangible Assets | 9 Months Ended
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Nov. 02, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Note 6 – Intangible Assets Intangible assets are as follows:
|  | November 2, 2024 |  |  | January 31, 2024 |
(In thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Currency Translation Adjustment |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Currency Translation Adjustment |  |  | Net Carrying Amount |
RITEC: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Contract Relationships |  | $ | 2,830 |  |  | $ | (1,738 | ) |  | $ | — |  |  | $ | 1,092 |  |  | $ | 2,830 |  |  | $ | (1,689 | ) |  | $ | — |  |  | $ | 1,141 |
TrojanLabel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Distributor Relations |  | 937 |  |  |  | (752 | ) |  |  | 25 |  |  |  | 210 |  |  | 937 |  |  |  | (686 | ) |  |  | 30 |  |  |  | 281 |
Honeywell: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Contract Relationships |  |  | 27,773 |  |  |  | (13,445 | ) |  |  | — |  |  |  | 14,328 |  |  |  | 27,773 |  |  |  | (12,795 | ) |  |  | — |  |  |  | 14,978 |
Astro Machine: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Contract Relationships |  |  | 3,060 |  |  |  | (1,377 | ) |  |  | — |  |  |  | 1,683 |  |  |  | 3,060 |  |  |  | (918 | ) |  |  | — |  |  |  | 2,142 |
Trademarks |  | 420 |  |  |  | (189 | ) |  |  | — |  |  |  | 231 |  |  | 420 |  |  |  | (126 | ) |  |  | — |  |  |  | 294 |
MTEX: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Contract Relationships |  |  | 2,603 |  |  |  | (131 | ) |  |  | (2 | ) |  |  | 2,470 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Internally Developed Technology |  |  | 4,719 |  |  |  | (396 | ) |  |  | (3 | ) |  |  | 4,320 |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  | 217 |  |  |  | (36 | ) |  |  | (1 | ) |  |  | 180 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Intangible Assets, net |  | $ | 42,559 |  |  | $ | (18,064 | ) |  | $ | 19 |  |  | $ | 24,514 |  |  | $ | 35,020 |  |  | $ | (16,214 | ) |  | $ | 30 |  |  | $ | 18,836 |
There were no impairments to intangible assets during the nine months ended November 2, 2024 and October 28, 2023. With respect to the acquired intangible assets included in the table above, amortization expense of $0.7 million and $0.6 million has been included in the condensed consolidated statements of income for the three months ended November 2, 2024, and October 28, 2023, respectively. Amortization expense of $1.9 million and $1.8 million related to the above-acquired intangible assets has been included in the accompanying condensed consolidated statements of income for the nine months ended November 2, 2024 and October 28, 2023, respectively. Estimated amortization expense for the next five fiscal years is as follows:
(In thousands) |  | Remaining 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | 2029 |
Estimated amortization expense |  | $ | 712 |  |  | $ | 2,848 |  |  | $ | 2,848 |  |  | $ | 2,848 |  |  | $ | 2,352 |

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