PURCHASED INTANGIBLE ASSETS

6 Months Ended

Jul. 31, 2022

PURCHASED INTANGIBLE ASSETS

PURCHASED INTANGIBLE ASSETS

NOTE 5 – PURCHASED INTANGIBLE ASSETS

At both July 31, 2022 and January 31, 2022, the goodwill balances related primarily to 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, related primarily to TRC and consisted of the following elements as of July 31, 2022 and January 31, 2022:

		July 31, 2022						January 31,
	Estimated	Gross		Accumulated		Net		2022, (net
	Useful Life	Amounts		Amortization		Amounts		amounts)
Trade name	15 years	$	4,499	$	2,000	$	2,499	$	2,650
Process certifications	7 years		1,897		1,807		90		226
Customer relationships	10 years		916		610		306		351
Customer contracts	< 1 year		114		68		46		95
Totals		$	7,426	$	4,485	$	2,941	$	3,322