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Intangible Assets, Net
9 Months Ended
Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net Intangible Assets, Net
Intangible assets, net, consisted of the following at October 31, 2024 (dollars in thousands):
Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Weighted
Average
Remaining
Life (years)
Customer relationships$6,418 $(2,600)$3,818 2.55
Tradename and trademarks79 (75)0.16
Total intangible assets$6,497 $(2,675)$3,822  
Intangible assets, net consisted of the following at January 31, 2024 (dollars 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 trademarks79 (55)24 0.91
Total intangible assets$6,497 $(1,518)$4,979 
Amortization expense was approximately $388 thousand and $1.2 million for the three and nine months ended October 31, 2024, respectively, compared to approximately $388 thousand and $692 thousand for the three and nine months ended October 31, 2023, respectively.
We expect the estimated aggregate amortization expense for each of the four succeeding fiscal years to be as follows (in thousands):
2025 (Remaining)$382 
20261,513 
20271,465 
2028462 
Total$3,822