GOODWILL (Tables)

12 Months Ended

Jan. 31, 2014

GOODWILL [Abstract]

Changes in carrying amount of goodwill

The changes in the carrying amount of goodwill for the fiscal years ended January 31, 2014, and 2013 were as follows:

	Gross Carrying Amount			Accumulated Impairment			Goodwill, Net
	(in thousands)
Balance at January 31, 2012	$	22,020		$	(15,608	)	$	6,412
Impact of foreign currency translation		313			—			313
DynaSys acquisition		2,231			—			2,231
CEBOS acquisition		2,456			—			2,456
Balance at January 31, 2013		27,020		$	(15,608	)	$	11,412
CEBOS adjustment (1)		105			—			105
Impact of foreign currency translation		(140	)		—			(140	)
Balance at January 31, 2014	$	26,985		$	(15,608	)	$	11,377

(1) During the fourth quarter of fiscal 2014 the Company finalized the allocation of the purchase price and recorded an adjustment of $0.1 million related to a change in certain assumptions associated with accounts receivable.  This adjustment increased the provisionally recognized goodwill by the same amount.

Intangible assets

Intangible Assets

	January 31, 2014			January 31, 2013
	(in thousands)
Amortizable intangible assets
Customer relationships (1)	$	3,048		$	3,049
Trade name (1)		515			532
		3,563			3,581
Less: accumulated amortization		(978	)		(279	)
Net amortizable intangible assets	$	2,585		$	3,302

(1) Customer relationships and trade name include the impact of foreign currency translation.

Estimated amortization expense

Amortization of intangible assets was $710,000, $264,000 and $14,000 for the fiscal years 2014, 2013 and 2012 respectively. The following table summarizes the estimated amortization expense relating to the Company’s intangible assets as of January 31, 2014:

Fiscal Years	(in thousands)
2015	$	716
2016		716
2017		716
2018		437
	$	2,585