Property, Plant and Equipment

12 Months Ended

Jan. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 6—Property, Plant and Equipment

Property, plant and equipment consist of the following:

	January 31,
	2023			2022
(In thousands)
Land and Land Improvements	$	2,304		$	1,004
Buildings and Leasehold Improvements		14,158			12,666
Machinery and Equipment		24,960			23,238
Computer Equipment and Software		13,972			13,913
Gross Property, Plant and Equipment		55,394			50,821
Accumulated Depreciation		(41,106	)		(39,380	)
Net Property Plant and Equipment	$	14,288		$	11,441

Depreciation expense on property, plant and equipment was $2.0 million for the year ended January 31, 2023 and $1.7 million and $1.9 million for the years ended January 31, 2022 and 2021, respectively.

During fiscal 2022, we wrote-off our Oracle EnterpriseOne enterprise resource planning (“ERP”) system due to the full implementation of a new ERP system in our US operations. The book value and related accumulated depreciation of the Oracle EnterpriseOne ERP system along with the balance of the related prepaid service and maintenance contracts were removed from the accompanying consolidated balance sheet at January 31, 2022, and we have recorded a net loss on the disposal of $696,000, which is included in other income (expense) in the accompanying consolidated income statement for the year ended January 31, 2022.