| Intangible Assets |
Note 5 – Intangible Assets Intangible assets are as follows:
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April 30, 2026 |
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January 31, 2026 |
(In thousands) |
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Gross Carrying Amount |
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Accumulated Amortization |
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Currency Translation Adjustment |
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Net Carrying Amount |
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Gross Carrying Amount |
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Accumulated Amortization |
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Currency Translation Adjustment |
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Net Carrying Amount |
RITEC: |
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Customer Contract Relationships |
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$2,830 |
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$(1,838) |
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$— |
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$992 |
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$2,830 |
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$(1,821) |
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$— |
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$1,009 |
TrojanLabel: |
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Distributor Relations |
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937 |
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(899) |
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38 |
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76 |
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937 |
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(874) |
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39 |
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102 |
Honeywell: |
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Customer Contract Relationships |
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27,773 |
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(14,745) |
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— |
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13,028 |
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27,773 |
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(14,528) |
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— |
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13,245 |
Astro Machine: |
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Customer Contract Relationships |
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3,060 |
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(2,295) |
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— |
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765 |
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3,060 |
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(2,142) |
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— |
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918 |
Trademarks |
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420 |
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(315) |
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— |
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105 |
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420 |
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(294) |
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— |
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126 |
MTEX: |
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Customer Contract Relationships |
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2,603 |
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(538) |
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181 |
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2,246 |
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2,603 |
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(468) |
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211 |
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2,346 |
Internally Developed Technology |
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4,719 |
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(1,625) |
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300 |
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3,394 |
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4,719 |
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(1,413) |
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345 |
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3,651 |
Trademarks |
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217 |
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(149) |
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10 |
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78 |
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217 |
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(130) |
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12 |
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99 |
Intangible Assets, net |
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$42,559 |
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$(22,404) |
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$529 |
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$20,684 |
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$42,559 |
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$(21,670) |
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$607 |
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$21,496 |
There were no impairments to our finite-lived intangible assets during the three months ended April 30, 2026 or 2025. With respect to the acquired intangible assets included in the table above, amortization expense of $0.7 million has been included in the condensed consolidated statements of income (loss) for each of the three months ended April 30, 2026 and 2025. Estimated amortization expense for the next five fiscal years is as follows:
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(In thousands) |
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Remaining 2027 |
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2028 |
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2029 |
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2030 |
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2031 |
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Estimated amortization expense |
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$ |
2,200 |
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$ |
2,428 |
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$ |
2,061 |
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$ |
2,061 |
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$ |
1,425 |
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