Goodwill and Other Intangible Assets

3 Months Ended

Apr. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]



	Weighted Average Life at 4/30/2018	April 30, 2018										January 31, 2018
	Weighted Average Life at 4/30/2018	Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount
		(in thousands)										(in thousands)
Goodwill		$	7,060	$	—		$	(4,529	)	$	2,531	$	7,060	$	—		$	(4,529	)	$	2,531
Proprietary rights	8.1	$	9,354	$	(3,806	)	$	—		5,548		$	6,181	$	(3,663	)	$	—		2,518
Customer relationships	3.6	5,024		(2,634		)	—			2,390		5,024		(2,464		)	—			2,560
Patents	6.1	2,441		(841		)	—			1,600		1,730		(778		)	—			952
Trade name	8.1	894		(44		)	—			850		894		(41		)	—			853
Developed technology	7.7	1,430		(334		)	—			1,096		1,430		(298		)	—			1,132
Amortizable intangible assets		$	19,143	$	(7,659	)	$	—		$	11,484	$	15,259	$	(7,244	)	$	—		$	8,015

On January 31, 2018, the Company completed an annual review of goodwill and other intangible assets. Based on a review of qualitative factors it was determined it was more likely than not that the fair value of our Seamap reporting unit was greater than its carrying value. Based on a review of qualitative and quantitative factors it was determined it was more likely than not that the fair value of our Klein reporting unit was not greater than its carrying value. Accordingly, we recorded an impairment of approximately $1.5 million related to the Klein reporting unit in fiscal 2018.

On January 31, 2017, the Company completed an annual review of goodwill and other intangible assets. Based on a review of qualitative factors it was determined it was more likely than not that the fair value was greater than the carrying value of both our Seamap and Klein reporting units. As a result, no impairment charge was recorded in fiscal 2017.

Amortizable intangible assets are amortized over their estimated useful lives of five to 15 years using the straight-line method. Aggregate amortization expense was $447,000 and $355,000 for the three months ended April 30, 2018 and 2017, respectively.

As of April 30, 2018, future estimated amortization expense related to amortizable intangible assets was estimated to be:



For fiscal years ending January 31 (in thousands):
2019	$	1,353
2020	1,789
2021	1,638
2022	1,150
2023	964
Thereafter	4,590
Total	$	11,484

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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