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Goodwill and Intangible Assets (Tables)
12 Months Ended
Jan. 31, 2019
Goodwill and Intangible Assets  
Schedule of Intangible Assets

 

 

January 31, 2019

 

    

Estimated

    

 

    

Accumulated

    

 

 

 

Useful Life

 

Gross Assets

 

Amortization

 

Net Assets

Finite-lived assets:

 

 

 

 

  

 

 

  

 

 

  

Client relationships

 

5-10 years

 

$

5,397,000

 

$

3,756,000

 

$

1,641,000

Covenants not to compete

 

3 years

 

 

130,000

 

 

102,000

 

 

28,000

Total

 

 

 

$

5,527,000

 

$

3,858,000

 

$

1,669,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 31, 2018

 

    

Estimated

    

 

    

Accumulated

    

 

 

 

Useful Life

 

Gross Assets

 

Amortization

 

Net Assets

Finite-lived assets:

 

 

 

 

  

 

 

  

 

 

  

Client relationships

 

5-15 years

 

 

5,805,000

 

 

3,308,000

 

 

2,497,000

Covenants not to compete

 

0.5-15 years

 

 

986,000

 

 

823,000

 

 

163,000

Supplier agreements

 

5 years

 

 

1,582,000

 

 

1,582,000

 

 

 —

License agreement

 

15 years

 

 

4,431,000

 

 

1,256,000

 

 

3,175,000

Total

 

 

 

$

12,804,000

 

$

6,969,000

 

$

5,835,000

 

Amortization Schedule of Intangible Assets

 

 

 

 

 

    

Annual Amortization Expense

2019

 

$

554,000

2020

 

 

491,000

2021

 

 

455,000

2022

 

 

169,000

Total

 

$

1,669,000