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Acquisition of SpringCM Inc. (Tables)
3 Months Ended
Apr. 30, 2019
Business Combinations [Abstract]  
Schedule of assets acquired and liabilities assumed
The following table summarizes the acquisition date fair values of assets acquired and liabilities assumed at the date of acquisition:
(in thousands)
September 4, 2018
Cash and cash equivalents
$
6,950

Accounts receivable and other assets
10,542

Property and equipment
6,108

Goodwill
159,097

Intangible assets
73,000

Contract liabilities
(9,973
)
Other liabilities
(12,948
)
Deferred tax liability
(7,047
)
 
$
225,729


Schedule of identifiable intangible assets estimated useful lives
The estimated useful lives, primarily based on the expected period of benefit to us, and fair values of the identifiable intangible assets at acquisition date were as follows:
(in thousands, except years)
Estimated Fair Value
 
Expected Useful Life
Existing technology
$
11,900

 
3 years
Customer relationships—subscription
54,200

 
9 years
Backlog—subscription
6,400

 
2 years
Tradenames / trademarks
500

 
1 year
Total preliminary intangible assets
$
73,000

 
 

Schedule of unaudited pro forma results The unaudited pro forma results have been prepared based on estimates and assumptions, which we believe are reasonable, however, they are not necessarily indicative of the consolidated results of operations had the acquisition occurred on February 1, 2017, or of future results of operations:
(in thousands, except per share data)
April 30, 2018
Revenue
$
162,104

Net loss
(280,642
)
Net loss per share attributable to common stockholders, basic and diluted
(7.72
)