INTANGIBLE ASSETS

3 Months Ended

Apr. 30, 2025

INTANGIBLE ASSETS

INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

The goodwill balances related primarily to the power industry services and industrial construction services segments, which were $18.5 million and $9.5 million, respectively, at both April 30, 2025 and January 31, 2025. Management does not believe that any events or circumstances occurred or arose since January 31, 2025, that required an updated assessment of the goodwill balances.

The Company’s intangible assets, other than goodwill, relate primarily to the industrial construction services segment and consisted of the following as of April 30, 2025 and January 31, 2025:

		April 30, 2025						January 31, 2025
	Estimated	Gross		Accumulated		Net		Gross		Accumulated		Net
	Useful Life	Amounts		Amortization		Amounts		Amounts		Amortization		Amounts
Trade name	15 years	$	4,499	$	2,824	$	1,675	$	4,499	$	2,749	$	1,750
Customer relationships	10 years		916		863		53		916		840		76
Totals		$	5,415	$	3,687	$	1,728	$	5,415	$	3,589	$	1,826

There were no additions to intangible assets during the three months ended April 30, 2025 and 2024. During the three months ended April 30, 2025 and 2024, there were no impairment losses related to intangible assets. Amortization expense related to intangible assets for the three months ended April 30, 2025 and 2024 were $0.1 million and $0.1 million respectively.

The following is a schedule of future amounts of amortization related to purchased intangibles:

	Amortization
Years Ending January 31,	Expense
2026 (remainder)	$	278
2027		300
2028		300
2029		300
2030		300
Thereafter		250
Total	$	1,728