Intangible Assets, Net

3 Months Ended

Apr. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible Assets, Net

Intangible assets, net, consisted of the following at April 30, 2025 (dollars in thousands):

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Life (years)
Customer relationships	$	6,418	$	(3,351)	$	3,067	2.06
Tradename and trademarks	79		(79)		—		0.00
Total intangible assets	$	6,497	$	(3,430)	$	3,067

Intangible assets, net consisted of the following at January 31, 2025 (dollars in thousands):

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Life (years)
Customer relationships	$	6,418	$	(2,982)	$	3,436	2.29
Tradename and trademarks	79		(79)		—		0.00
Total intangible assets	$	6,497	$	(3,061)	$	3,436

Amortization expense was approximately $370 thousand and $380 thousand for the three months ended April 30, 2025 and April 30, 2024, respectively.

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

2026 (Remaining)	$	1,144
2027	1,464
2028	459
Total	$	3,067