OTHER INTANGIBLE ASSETS

9 Months Ended

Oct. 31, 2015

NOTE 9 — OTHER INTANGIBLE ASSETS

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

		October 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	$	2,161,000	$	1,482,000	$	1,664,000
Trade name - SMC	Indefinite	181,000		—		181,000		181,000
Customer contracts - APC	< 1 year	113,000		69,000		44,000		—
Customer relationships	5 years	430,000		32,000		398,000		—

Intangible assets, net		$	4,367,000	$	2,262,000	$	2,105,000	$	1,845,000

Amortization expense was $119,000 and $61,000 for the three months ended October 31, 2015 and 2014, respectively, and was $283,000 and $182,000 for the nine months ended October 31, 2015 and 2014, respectively.