Note 6 - Goodwill and Intangible Assets

3 Months Ended

Apr. 30, 2019

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

6. GOODWILL AND INTANGIBLE ASSETS

Goodwill

The changes in the carrying amount of goodwill for the

three

months ended

April 30, 2019

were as follows:

	Gross Carrying Amount			Accumulated Impairment			Goodwill, Net
	(in thousands)
Balance at January 31, 2019	$	28,031		$	(15,608	)	$	12,423
Impact of foreign currency translation		(90	)		-			(90	)
Balance at April 30, 2019	$	27,941		$	(15,608	)	$	12,333

The Company performed its annual goodwill impairment review during the

fourth

quarter of fiscal

2019.

The analysis compared the Company’s market capitalization to its net assets as of the test date,

November 30, 2018.

As the market capitalization significantly exceeded the Company’s net assets, there was

no

indication of goodwill impairment for fiscal

2019.

The Company monitors the indicators for goodwill impairment testing between annual tests.

No

adverse events occurred during the

three

months ended

April 30, 2019 

that would cause the Company to test goodwill for impairment.

Intangible Assets

	April 30, 2019			January 31, 2019
	(in thousands)
Amortizable intangible assets:
Customer relationships	$	1,335		$	1,348
Less accumulated amortization		(181	)		(115	)
Amortizable intangible assets, net	$	1,154		$	1,233

The Company’s intangible assets as of

April 30, 2019

are related to the acquisitions completed in the

second

and

third

quarters of fiscal

2019.

Intangible assets are included in “Other assets, net” in the accompanying Condensed Consolidated Balance Sheets, and are amortized over an estimated

5

year useful life.

The following table summarizes the estimated amortization expense relating to the Company’s intangible assets as of

April 30, 2019:

Fiscal Years	(in thousands)
2020 remaining	$	200
2021		267
2022		267
2023		267
Thereafter		153
	$	1,154