PURCHASED INTANGIBLE ASSETS

6 Months Ended

Jul. 31, 2019

PURCHASED INTANGIBLE ASSETS

PURCHASED INTANGIBLE ASSETS

NOTE 5 – PURCHASED INTANGIBLE ASSETS

Primarily due to the significant reduction of the fair value of the business of APC deemed to have occurred in connection with the substantial contract loss discussed in Note 2 above, the Company recorded an impairment loss in the first quarter ended April 30, 2019 in the amount of $2.1 million, the balance of goodwill included in the condensed consolidated balance sheet as of January 31, 2019 associated with APC. At July 31 and January 31, 2019, the goodwill balances related to the acquisitions of GPS and TRC were $18.5 million and $12.3 million, respectively. No other changes were made to the balances of goodwill during the six months ended July 31, 2019 or 2018. The Company’s purchased intangible assets, other than goodwill, consisted of the following elements as of July 31 and January 31, 2019:

		July 31, 2019						January 31,
	Estimated	Gross		Accumulated		Net		2019 (net
	Useful Life	Amount		Amortization		Amount		amount)
Trade names	15 years	$	8,323	$	4,261	$	4,062	$	4,424
Process certifications	7 years		1,897		994		903		1,039
Customer relationships	4-10 years		1,346		766		580		674
Totals		$	11,566	$	6,021	$	5,545	$	6,137