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Intangible Assets (Tables)
6 Months Ended
Aug. 03, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Fair Value of Acquired Identifiable Intangible Assets and Related Estimated Useful Lives

Intangible assets are as follows:

 

 

August 3, 2024

 

 

January 31, 2024

 

(In thousands)

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Currency
Translation
Adjustment

 

 

Net
Carrying
Amount

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Currency
Translation
Adjustment

 

 

Net
Carrying
Amount

 

RITEC:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Customer Contract
       Relationships

 

$

2,830

 

 

$

(1,722

)

 

$

 

 

$

1,108

 

 

$

2,830

 

 

$

(1,689

)

 

$

 

 

$

1,141

 

TrojanLabel:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Distributor Relations

 

937

 

 

 

(728

)

 

 

26

 

 

 

235

 

 

937

 

 

 

(686

)

 

 

30

 

 

 

281

 

Honeywell:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Customer Contract
       Relationships

 

 

27,773

 

 

 

(13,228

)

 

 

 

 

 

14,545

 

 

 

27,773

 

 

 

(12,795

)

 

 

 

 

 

14,978

 

Astro Machine:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Customer Contract
      Relationships

 

 

3,060

 

 

 

(1,224

)

 

 

 

 

 

1,836

 

 

 

3,060

 

 

 

(918

)

 

 

 

 

 

2,142

 

   Trademarks

 

420

 

 

 

(168

)

 

 

 

 

 

252

 

 

420

 

 

 

(126

)

 

 

 

 

 

294

 

MTEX:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Customer Contract
      Relationships

 

 

8,786

 

 

 

(219

)

 

 

49

 

 

 

8,616

 

 

 

 

 

 

 

 

 

 

 

 

 

   Internally Developed Software

 

 

282

 

 

 

(12

)

 

 

2

 

 

 

272

 

 

 

 

 

 

 

 

 

 

 

 

 

   Trademarks

 

 

488

 

 

 

(40

)

 

 

2

 

 

 

450

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible Assets, net

 

$

44,576

 

 

$

(17,341

)

 

$

79

 

 

$

27,314

 

 

$

35,020

 

 

$

(16,214

)

 

$

30

 

 

$

18,836

 

Summary of Estimated Amortization Expense

Estimated amortization expense for the next five fiscal years is as follows:

 

(In thousands)

 

Remaining
2025

 

 

2026

 

 

2027

 

 

2028

 

 

2029

 

Estimated amortization expense

 

$

1,404

 

 

$

2,808

 

 

$

2,808

 

 

$

2,808

 

 

$

2,245