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Other Intangible Assets
3 Months Ended
Apr. 30, 2013
Other Intangible Assets [Abstract]  
OTHER INTANGIBLE ASSETS

NOTE 7—OTHER INTANGIBLE ASSETS

The Company’s intangible assets, other than goodwill, consisted of the following amounts at April 30, 2013 and January 31, 2013:

 

                                     
        April 30, 2013     January 31,  
    Estimated
Useful Life
  Gross
Carrying
Amount
    Accumulated
Amortization
    Net
Amount
    2013
Net
Amount
 

Trade name—GPS

  15 years   $ 3,643,000     $ 1,554,000     $ 2,089,000     $ 2,150,000  

Trade name—SMC

  Indefinite     181,000       —         181,000       181,000  
       

 

 

   

 

 

   

 

 

   

 

 

 

Intangible assets, net

      $ 3,824,000     $ 1,554,000     $ 2,270,000     $ 2,331,000  
       

 

 

   

 

 

   

 

 

   

 

 

 

 

Amortization expense was $61,000 for each of the three month periods ended April 30, 2013 and 2012.