Intangible Assets

3 Months Ended

Apr. 30, 2012

Intangible Assets [Abstract]

INTANGIBLE ASSETS

NOTE 8—INTANGIBLE ASSETS

The Company’s intangible assets consisted of the following amounts at April 30, 2012 and January 31, 2012:

	Estimated Useful Life	April 30, 2012						January  31, 2012 Net Amount
		Gross Carrying Amount		Accumulated Amortization		Net Amount
Trade name—GPS	15 years	$	3,643,000	$	1,311,000	$	2,332,000	$	2,393,000
Trade name—SMC	Indefinite		181,000		—		181,000		181,000
Intangible assets, net		$	3,824,000	$	1,311,000	$	2,513,000	$	2,574,000
Goodwill—GPS	Indefinite	$	18,476,000	$	—	$	18,476,000	$	18,476,000

Amortization expense was $61,000 and $87,000 for the three months ended April 30, 2012 and 2011, respectively.