INTANGIBLE ASSETS |
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| INTANGIBLE ASSETS | NOTE 6 – INTANGIBLE ASSETS The goodwill balances related primarily to the Power and Industrial segments, which were $18.5 million and $9.5 million, respectively, at both April 30, 2026 and January 31, 2026. Management does not believe that any events or circumstances occurred or arose since January 31, 2026, that required an updated assessment of the goodwill balances. The Company’s intangible assets, other than goodwill, relate primarily to the Industrial segment and consisted of the following as of April 30, 2026 and January 31, 2026:
There were no additions to intangible assets during the three months ended April 30, 2026 and 2025, nor were there any impairment losses related to intangible assets during these periods. Amortization expense related to intangible assets for the three months ended April 30, 2026 and 2025 were $0.1 million and $0.1 million respectively. The following is a schedule of future amounts of amortization related to purchased intangibles:
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