Note 9 - Goodwill and Other Intangible Assets

9 Months Ended

Oct. 31, 2021

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

9. Goodwill and Other Intangible Assets

		October 31, 2021										January 31, 2021
	Weighted	Gross								Net		Gross								Net
	Average Life at	Carrying		Accumulated			Accumulated			Carrying		Carrying		Accumulated						Carrying
	10/31/2021	Amount		Amortization			Impairment			Amount		Amount		Amortization			Impairment			Amount
Goodwill		$	7,060	$	—		$	(7,060	)	$	—	$	7,060	$	—		$	(7,060	)	$	—
Proprietary rights	6.2		8,221		(4,028	)		—			4,193		7,781		(3,688	)		—			4,093
Customer relationships	0.4		5,024		(4,772	)		—			252		5,024		(4,513	)		—			511
Patents	2.9		2,440		(1,715	)		—			725		2,440		(1,528	)		—			912
Trade name	4.6		894		(83	)		(760	)		51		894		(74	)		(760	)		60
Developed technology	4.2		1,430		(834	)		—			596		1,430		(727	)		—			703
Other	2.6		684		(311	)		—			373		684		(213	)		—			471
Amortizable intangible assets		$	18,693	$	(11,743	)	$	(760	)	$	6,190	$	18,253	$	(10,743	)	$	(760	)	$	6,750

As of January 31, 2021, the Company has recorded impairment expense equal to 100% of the gross carrying amount of goodwill. As a result, no further review of goodwill is required. On January 31, 2021, the Company completed an annual review of amortizable intangible assets. Based on a review of qualitative factors it was determined it was more likely than not that the fair market value of intangible assets was greater than its carrying value. During the nine months ended October 31, 2021, there have been no substantive indicators of impairment.

Aggregate amortization expense was $1,004,000 and $1,300,000 for the nine months ended October 31, 2021 and 2020, respectively. As of October 31, 2021, future estimated amortization expense related to amortizable intangible assets was estimated to be (in thousands):

For fiscal years ending January 31
2022	$	294
2023		1,167
2024		1,032
2025		837
2026		700
Thereafter		2,160
Total	$	6,190