Goodwill, Long-lived Assets and Other Intangibles Goodwill, Long-lived Assets and Other Intangibles (Notes)

3 Months Ended

Apr. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Impairment Loss and Other Charges

GOODWILL, LONG-LIVED ASSETS, AND OTHER CHARGES

Goodwill

Management assesses goodwill for impairment annually during the fourth quarter and between annual tests whenever a triggering event indicates there may be an impairment. Impairment tests of goodwill are done at the reporting unit level. There were no goodwill impairment losses reported in the three-month periods ended April 30, 2021 and 2020, respectively.

The changes in the carrying amount of goodwill by reporting segment were as follows:

	Applied Technology		Engineered Films		Aerostar		Total
Balance at January 31, 2021	$	73,811	$	33,232	$	634	$	107,677
Foreign currency translation adjustment	1,607		—		—		1,607
Balance at April 30, 2021	$	75,418	$	33,232	$	634	$	109,284

Long-lived assets, including definite-lived intangibles

The Company assesses the recoverability of long-lived assets, including definite-lived intangibles and property, plant, and equipment, if events or changes in circumstances indicate that an asset might be impaired. There were no impairment charges in the three-month periods ended April 30, 2021 and April 30, 2020, respectively.

Indefinite-lived intangible assets

Indefinite-lived intangible assets relate to in-process R&D (IPR&D) and are capitalized and subject to annual impairment testing using a fair-value based test. Amortization of the IPR&D will start when the current in-process research and development project is complete and the product is commercialized. Amortization of the IPR&D will be on a straight-line basis over the remaining estimated useful lives of these assets. No amortization has been recorded on these indefinite-lived intangible assets in the three-month periods ended April 30, 2021 and April 30, 2020, respectively.

The following table summarizes the components of intangible assets, which are reported net on the Consolidated Balance Sheets:

	April 30, 2021						January 31, 2021
			Accumulated						Accumulated
	Amount		amortization		Net		Amount		amortization		Net
Existing technology	$	9,257	$	(8,424)	$	833	$	9,263	$	(8,304)	$	959
Customer relationships	16,125		(8,578)		7,547		16,128		(8,248)		7,880
Software development	795		—		795		—		—		—
Patents and other intangibles	7,495		(3,188)		4,307		7,297		(3,126)		4,171
In-process research and development(a)	32,592		—		32,592		31,575		—		31,575
Total	$	66,264	$	(20,190)	$	46,074	$	64,263	$	(19,678)	$	44,585
(a) A portion of these intangible assets are denominated in a foreign currency and subject to exchange rate fluctuations.