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Acquisitions (Tables)
12 Months Ended
Jan. 31, 2024
Business Combinations [Abstract]  
Summary of Purchase Price of Acquisition Allocated on Basis of Fair Value

The following table sets forth the final purchase price allocation of the Astro Machine acquisition for the estimated fair value of the net asset acquired and liabilities assumed as of the date of acquisition:

 

(In thousands)

 

 

 

Cash

 

$

91

 

Accounts Receivable

 

 

3,393

 

Inventory

 

 

5,715

 

Property, Plant and Equipment

 

 

4,200

 

Identifiable Intangible Assets

 

 

3,480

 

Goodwill

 

 

2,730

 

Accounts Payable and Other Current Liabilities

 

 

(2,484

)

Total Purchase Price

 

$

17,125

 

Summary of Fair Value of the Acquired Identifiable Intangible Assets and Related Estimated Useful Lives

The following table sets forth the fair value of the acquired identifiable intangible assets and related estimated useful lives:

 

(In thousands)

 

Fair
Value

 

 

Useful Life
(years)

 

Customer Relations

 

$

3,060

 

 

 

5

 

Trademarks/Tradenames

 

 

420

 

 

 

5

 

Total

 

$

3,480

 

 

 

 

Summary of Revenue and Earnings Before Taxes

The amounts of revenue and earnings before taxes attributable to Astro Machine and included in our consolidated statement of income were as follows:

 

(In thousands)

 

2024

 

 

2023

 

Revenue

 

$

18,147

 

 

$

12,515

 

Earnings before Taxes

 

$

2,616

 

 

$

1,571

 

Summary of Acquired Identifiable Intangible Asset

The acquired identifiable intangible asset is as follows:

 

(In thousands)

 

Fair
Value

 

 

Useful Life
(Years)

 

Customer Contract Relationships

 

$

530

 

 

 

20