Intangibles, net

12 Months Ended

Jan. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles, net

Intangibles, net

Intangibles, net consisted of the following at January 31, 2024 (in thousands):

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Life (years)
Customer relationships	$	6,418	$	(1,463)	$	4,955	3.29
Tradename and trademarks	$	79	$	(55)	$	24	0.91
	$	6,497	$	(1,518)	$	4,979

Intangibles, net consisted of the following at January 31, 2023 (in thousands):

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Life
Customer relationships	$	1,862	$	(409)	$	1,453	3.41
Tradename and trademarks	$	79	$	(29)	$	50	1.91
	$	1,941	$	(438)	$	1,503

Amortization expense for the years ended January 31, 2024 and January 31, 2023 was approximately $1.1 million and $482 thousand, respectively.

We expect the estimated aggregate amortization expense for each of the five succeeding fiscal years to be as follows (in thousands):

2025	$	1,539
2026	$	1,513
2027	$	1,465
2028	$	462
Total	$	4,979