PURCHASED INTANGIBLE ASSETS

6 Months Ended

Jul. 31, 2020

PURCHASED INTANGIBLE ASSETS

PURCHASED INTANGIBLE ASSETS

NOTE 5 – PURCHASED INTANGIBLE ASSETS

At both July 31, 2020 and January 31, 2020, the goodwill balances related to the acquisitions of GPS and TRC were $18.5 million and $9.5 million, respectively. Primarily due to the significant reduction of the fair value of the business of APC deemed to have occurred as a result of 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, which was the remaining balance of goodwill associated with APC. No other changes were made to the balances of goodwill during the six-month periods ended July 31, 2020 or 2019. Management does not believe that any events or circumstances that have occurred or arisen since January 31, 2020 require an updated assessment of the goodwill balances of either GPS or TRC.

The Company’s purchased intangible assets, other than goodwill, consisted of the following elements as of July 31 and January 31, 2020:

		July 31, 2020						January 31,
	Estimated	Gross		Accumulated		Net		2020, (net
	Useful Life	Amounts		Amortization		Amount		amounts)
Trade names	15 years	$	8,142	$	4,714	$	3,428	$	3,699
Process certifications	7 years		1,897		1,264		633		768
Customer relationships	4-10 years		1,346		857		489		534
Totals		$	11,385	$	6,835	$	4,550	$	5,001