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Intangible Assets
 9 Months Ended
Oct. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 6 – Intangible Assets

Intangible assets are as follows:

 

 

October 31, 2025

 

 

January 31, 2025

 

(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

 

 

$

(1,805

)

 

$

—

 

 

$

1,025

 

 

$

2,830

 

 

$

(1,755

)

 

$

—

 

 

$

1,075

 

TrojanLabel:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Distributor Relations

 

937

 

 

 

(849

)

 

 

36

 

 

 

124

 

 

937

 

 

 

(774

)

 

 

16

 

 

 

179

 

Honeywell:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Customer Contract
       Relationships

 

 

27,773

 

 

 

(14,311

)

 

 

—

 

 

 

13,462

 

 

 

27,773

 

 

 

(13,661

)

 

 

—

 

 

 

14,112

 

Astro Machine:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Customer Contract
      Relationships

 

 

3,060

 

 

 

(1,989

)

 

 

—

 

 

 

1,071

 

 

 

3,060

 

 

 

(1,530

)

 

 

—

 

 

 

1,530

 

   Trademarks

 

420

 

 

 

(273

)

 

 

—

 

 

 

147

 

 

420

 

 

 

(210

)

 

 

—

 

 

 

210

 

MTEX:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Customer Contract
      Relationships

 

 

2,603

 

 

 

(398

)

 

 

151

 

 

 

2,356

 

 

 

2,603

 

 

 

(194

)

 

 

(104

)

 

 

2,305

 

   Internally Developed Technology

 

 

4,719

 

 

 

(1,202

)

 

 

252

 

 

 

3,769

 

 

 

4,719

 

 

 

(586

)

 

 

(181

)

 

 

3,952

 

   Trademarks

 

 

217

 

 

 

(110

)

 

 

9

 

 

 

116

 

 

 

217

 

 

 

(54

)

 

 

(7

)

 

 

156

 

Intangible Assets, net

 

$

42,559

 

 

$

(20,937

)

 

$

448

 

 

$

22,070

 

 

$

42,559

 

 

$

(18,764

)

 

$

(276

)

 

$

23,519

 

There were no impairments to our finite-lived intangible assets during the nine months ended October 31, 2025 or November 2, 2024.

With respect to the acquired intangible assets included in the table above, amortization expense of $0.7 million has been included in the condensed consolidated statements of income (loss) for both of the three months ended October 31, 2025 and November 2, 2024. Amortization expense of $2.2 million and $1.9 million related to the above-acquired intangible assets has been included in the accompanying condensed consolidated statements of income (loss) for the nine months ended October 31, 2025 and November 2, 2024, respectively.

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

 

(In thousands)

 

Remaining
2026

 

 

2027

 

 

2028

 

 

2029

 

 

2030

 

Estimated amortization expense

 

$

724

 

 

$

2,897

 

 

$

2,393

 

 

$

2,026

 

 

$

2,026