XML 23 R11.htm IDEA: XBRL DOCUMENT v3.19.2
PURCHASED INTANGIBLE ASSETS
 3 Months Ended
Apr. 30, 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 identified during the three-month period ended April 30, 2019, the Company recorded an impairment loss in the amount of $2.1 million for the amount of goodwill included in the condensed consolidated balance sheet as of January 31, 2019 associated with APC.At both April 30 and January 31, 2019, the goodwill balances related to the acquisitions of GPS and TRC were $18.5 million and $12.3 million, respectively. The Company’s purchased intangible assets, other than goodwill, consisted of the following elements as of April 30 and January 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 30, 2019

    

January 31,

 

 

Estimated

 

Gross

 

Accumulated

 

Net

 

2019 (net

 

    

Useful Life

    

Amount

    

Amortization

    

Amount

    

amount)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

15 years

 

$

8,323

 

$

4,080

 

$

4,243

 

$

4,424

Process certifications

 

7 years

 

 

1,897

 

 

926

 

 

971

 

 

1,039

Customer relationships

 

4 - 10 years

 

 

1,346

 

 

722

 

 

624

 

 

674

Totals

 

 

 

$

11,566

 

$

5,728

 

$

5,838

 

$

6,137