PURCHASED INTANGIBLE ASSETS

3 Months Ended

Apr. 30, 2022

PURCHASED INTANGIBLE ASSETS

PURCHASED INTANGIBLE ASSETS

NOTE 5 – PURCHASED INTANGIBLE ASSETS

At both April 30, 2022 and January 31, 2022, 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, 2022, 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 April 30, 2022 and January 31, 2022:

		April 30, 2022						January 31,
	Estimated	Gross		Accumulated		Net		2022, (net
	Useful Life	Amounts		Amortization		Amounts		amounts)
Trade name (TRC)	15 years	$	4,499	$	1,925	$	2,574	$	2,650
Process certifications (TRC)	7 years		1,897		1,739		158		226
Customer relationships (TRC)	10 years		916		588		328		351
Customer contracts (SMC)	< 1 year		114		—		114		95
Totals		$	7,426	$	4,252	$	3,174	$	3,322