PURCHASED INTANGIBLE ASSETS

9 Months Ended

Oct. 31, 2022

PURCHASED INTANGIBLE ASSETS

PURCHASED INTANGIBLE ASSETS

NOTE 5 – PURCHASED INTANGIBLE ASSETS

At both October 31, 2022 and January 31, 2022, the goodwill balances related primarily to GPS and TRC, and were $18.5 million and $9.5 million, respectively. Management does not believe that any events or circumstances occurred or arose since January 31, 2022, that required an updated assessment of the goodwill balances of either GPS or TRC. The Company’s purchased intangible assets, other than goodwill, relate primarily to TRC and consisted of the following elements as of October 31, 2022 and January 31, 2022:

		October 31, 2022						January 31,
	Estimated	Gross		Accumulated		Net		2022, (net
	Useful Life	Amounts		Amortization		Amounts		amounts)
Trade name	15 years	$	4,499	$	2,075	$	2,424	$	2,650
Process certifications	7 years		1,897		1,874		23		226
Customer relationships	10 years		916		633		283		351
Customer contracts	< 1 year		114		114		—		95
Totals		$	7,426	$	4,696	$	2,730	$	3,322