XML 47 R12.htm IDEA: XBRL DOCUMENT

Goodwill and Intangible Assets

3 Months Ended

Apr. 30, 2024

Goodwill was $440 million as of both April 30, 2024 and January 31, 2024.

The following schedule presents the details of intangible assets as of April 30, 2024 (dollar amounts in thousands):


	April 30, 2024
	Gross carrying amount		Accumulated amortization		Net		Remaining useful life (in years)
Existing technology	$	28,580	$	(21,686)	$	6,894	1.7
Customer relationships	113,157		(64,575)		48,582		5.1
Trade name and trademarks	13,900		(12,574)		1,326		0.5
Other intangibles	21,405		(19,976)		1,429		2.1
Total intangible assets	$	177,042	$	(118,811)	$	58,231

The following schedule presents the details of intangible assets as of January 31, 2024 (dollar amounts in thousands):


	January 31, 2024
	Gross carrying amount		Accumulated amortization		Net		Remaining useful life (in years)
Existing technology	$	28,580	$	(20,646)	$	7,934	2.0
Customer relationships	113,157		(61,755)		51,402		5.3
Trade name and trademarks	13,900		(11,925)		1,975		0.8
Other intangibles	21,405		(19,699)		1,706		2.2
Total intangible assets	$	177,042	$	(114,025)	$	63,017

Amortization expense associated with intangible assets was $5 million for the three months ended April 30, 2024 and 2023.

As of April 30, 2024, the estimated amortization expense for intangible assets was as follows (in thousands):


Fiscal Year	Estimated amortization expense
Remaining for 2025	$	13,771
2026	14,147
2027	8,922
2028	7,778
2029	7,782
Thereafter	5,831
Total	$	58,231