XML 47 R16.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Other Intangible Assets
9 Months Ended
Oct. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets
 
Weighted Average Life at 10/31/2019
 
October 31, 2019
 
January 31, 2019
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Impairment
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Impairment
 
Net
Carrying
Amount
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
Goodwill
 
 
$
7,060

 
$

 
$
(4,529
)
 
$
2,531

 
$
7,060

 
$

 
$
(4,529
)
 
$
2,531

Proprietary rights
7.2
 
$
9,293

 
$
(4,766
)
 
$

 
$
4,527

 
$
9,303

 
$
(4,292
)
 
$

 
$
5,011

Customer relationships
2.1
 
5,024

 
(3,660
)
 

 
1,364

 
5,024

 
(3,147
)
 

 
1,877

Patents
4.8
 
2,440

 
(1,215
)
 

 
1,225

 
2,441

 
(1,028
)
 

 
1,413

Trade name
6.6
 
894

 
(60
)
 

 
834

 
894

 
(52
)
 

 
842

Developed technology
6.2
 
1,430

 
(548
)
 

 
882

 
1,430

 
(441
)
 

 
989

Other
4.6
 
680

 
(59
)
 

 
621

 
385

 
(22
)
 

 
363

Amortizable intangible assets
 
$
19,761

 
$
(10,308
)
 
$

 
$
9,453

 
$
19,477

 
$
(8,982
)
 
$

 
$
10,495


On January 31, 2019, the Company completed an annual review of goodwill and other intangible assets. Based on a review of qualitative factors it was determined it was more likely than not that the fair value of our Seamap reporting unit was greater than its carrying value. The goodwill related to our Klein reporting unit was fully impaired in fiscal 2018. During the nine months ended October 31, 2019 there have been no indicators of impairment.
Aggregate amortization expense was $457,000 and $1.3 million for the nine months ended October 31, 2019 and 2018, respectively. As of October 31, 2019, future estimated amortization expense related to amortizable intangible assets was estimated to be (in thousands):
For fiscal years ending January 31
 
2020
$
498

2021
1,762

2022
1,242

2023
1,138

2024
934

Thereafter
3,879

Total
$
9,453