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Intangible Assets
12 Months Ended
Jan. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 4—Intangible Assets

Intangible assets are as follows:

 

    January 31, 2019     January 31, 2018  
(In thousands)   Gross
Carrying
Amount
    Accumulated
Amortization
    Currency
Translation
Adjustment
    Net
Carrying
Amount
    Gross
Carrying
Amount
    Accumulated
Amortization
    Currency
Translation
Adjustment
    Net
Carrying
Amount
 

Miltope:

               

Customer Contract Relationships

  $ 3,100     $ (1,723   $ —       $ 1,377     $ 3,100     $ (1,438   $ —       $ 1,662  

RITEC:

               

Customer Contract Relationships

    2,830       (725     —         2,105       2,830       (461     —         2,369  

Non-Competition Agreement

    950       (681     —         269       950       (491     —         459  

TrojanLabel:

               

Existing Technology

    2,327       (711     140       1,756       2,327       (350     313       2,290  

Distributor Relations

    937       (200     56       793       937       (99     130       968  

Honeywell:

               

Customer Contract Relationships

    27,243     (3,869     —         23,374       26,843       (958     —         25,885  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Intangible Assets, net

  $ 37,387     $ (7,909   $     196     $ 29,674     $ 36,987     $ (3,797   $     443     $ 33,633  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

*

Includes additional $0.4 million related to the payment in fiscal 2019 in accordance with the terms of the TSA.

There were no impairments to intangible assets during the periods ended January 31, 2019, 2018 and 2017. Amortization expense of $4.1 million; $2.2 million and $0.7 million with regard to acquired intangibles has been included in the consolidated statements of income for years ended January 31, 2019, 2018 and 2017, respectively.

 

Estimated amortization expense for the next five years is as follows:

 

(In thousands)    2020      2021      2022      2023      2024  

Estimated amortization expense

   $ 4,223      $ 4,093      $ 4,005      $ 4,001      $ 3,997