PURCHASED INTANGIBLE ASSETS

6 Months Ended

Jul. 31, 2021

PURCHASED INTANGIBLE ASSETS

PURCHASED INTANGIBLE ASSETS

NOTE 5 – PURCHASED INTANGIBLE ASSETS

At both July 31, 2021 and January 31, 2021, the goodwill balances related to the acquisitions of GPS and TRC were $18.5 million and $9.5 million, respectively. Management does not believe that any events or circumstances that have occurred or arisen since January 31, 2021 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, 2021 and January 31, 2021:

		July 31, 2021						January 31,
	Estimated	Gross		Accumulated		Net		2021, (net
	Useful Life	Amounts		Amortization		Amounts		amounts)
Trade names
TRC	15 years	$	4,499	$	1,700	$	2,799	$	2,949
GPS	15 years		3,643		3,557		86		208
Process certifications	7 years		1,897		1,535		362		497
Customer relationships	10 years		916		519		397		443
Totals		$	10,955	$	7,311	$	3,644	$	4,097