OTHER INTANGIBLE ASSETS

6 Months Ended

Jul. 31, 2015

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS

NOTE 9 — OTHER INTANGIBLE ASSETS

The Company’s intangible assets, other than goodwill, consisted of the following amounts at July 31 and January 31, 2015:

		July 31, 2015						January 31,
	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Net Amount		2015 Net Amount
Trade name - GPS	15 years	$	3,643,000	$	2,100,000	$	1,543,000	$	1,664,000
Trade name - SMC	Indefinite	181,000		—		181,000		181,000
Customer contracts - APC	< 1 year	182,000		43,000		139,000		—
Intangible assets, net		$	4,006,000	$	2,143,000	$	1,863,000	$	1,845,000

Amortization expense was $104,000 and $61,000 for the three months ended July 31, 2015 and 2014, respectively, and was $164,000 and $121,000 for the six months ended July 31, 2015 and 2014, respectively.