Intangible Assets

12 Months Ended

Jan. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 5 – INTANGIBLE ASSETS

As previously disclosed, the Company performs its annual impairment assessment of intangible assets at the beginning of the fourth quarter of each fiscal year or if an event occurs that would more likely than not reduce the fair value below its carrying amount.

The changes in the carrying amount of other intangible assets during the fiscal years ended January 31, 2025, 2024 and 2023 are as follows (in thousands):


	Trade names			Customer relationships			Other (1)			Total
Weighted Average Amortization Period (in years)	10			10			10
Balance at January 31, 2022	$	9,100		$	3,349		$	1,058		$	13,507
Additions		—			—			202			202
Amortization		(1,487	)		(1,503	)		(250	)		(3,240	)
Foreign exchange impact		(710	)		(118	)		1			(827	)
Balance at January 31, 2023		6,903			1,728			1,011			9,642
Additions		—			—			144			144
Amortization		(1,504	)		(729	)		(248	)		(2,481	)
Foreign exchange impact		140			(4	)		52			188
Balance at January 31, 2024		5,539			995			959			7,493
Additions		—			—			109			109
Amortization		(1,535	)		(158	)		(238	)		(1,931	)
Foreign exchange impact		(63	)		(26	)		(45	)		(134	)
Balance at January 31, 2025	$	3,941		$	811		$	785		$	5,537

(1)

Other includes fees paid related to trademarks.

The estimated future amortization expense during each of the next five fiscal years is as follows:


For the fiscal year ending January 31,	(in thousands)
2026	$	1,872
2027		1,856
2028		1,116
2029		427
2030		84
Thereafter		182
Total estimated future amortization expense	$	5,537