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PURCHASED INTANGIBLE ASSETS
3 Months Ended
Apr. 30, 2016
PURCHASED INTANGIBLE ASSETS  
PURCHASED INTANGIBLE ASSETS

NOTE 8 — PURCHASED INTANGIBLE ASSETS

 

At April 30, 2016, the goodwill balances related to the acquisitions of GPS, TRC and APC were $18.5 million, $14.3 million and $4.0 million, respectively. The Company’s intangible assets, other than goodwill, consisted of the following amounts at April 30 and January 31, 2016:

 

 

 

 

 

April 30, 2016

 

January 31,

 

 

 

Estimated
Useful
Life

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Amount

 

2016
Net
Amount

 

Trade Names

 

 

 

 

 

 

 

 

 

 

 

TRC

 

Indefinite

 

$

4,499 

 

$

 

$

4,499 

 

$

4,499 

 

GPS

 

15 years

 

3,643 

 

2,282 

 

1,361 

 

1,421 

 

SMC

 

Indefinite

 

181 

 

 

181 

 

181 

 

Process Certifications

 

 

 

 

 

 

 

 

 

 

 

TRC

 

7 years

 

1,897 

 

113 

 

1,784 

 

1,852 

 

Customer Relationships

 

 

 

 

 

 

 

 

 

 

 

TRC

 

10 years

 

916 

 

38 

 

878 

 

901 

 

APC

 

4 years

 

430 

 

145 

 

285 

 

371 

 

Other Intangibles

 

various

 

288 

 

253 

 

35 

 

119 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

 

 

 

$

11,854 

 

$

2,831 

 

$

9,023 

 

$

9,344 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense was $0.3 million and $0.1 million for the three months ended April 30, 2016 and 2015, respectively.