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Acquisitions (Tables)

12 Months Ended

Jan. 31, 2021

Acquisition Date Fair Values 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)	As Adjusted
Cash and cash equivalents	$	729
Accounts receivable	9,654
Contract assets	5,813
Prepaid expense and other assets	5,854
Property and equipment	915
Goodwill	114,663
Intangible assets	83,700
Right-of-use Assets	3,130
Accounts payable	(854)
Accrued compensation	(2,697)
Contract liabilities	(7,745)
Accrued expenses and other liabilities	(6,499)
Lease liabilities	(3,126)
Deferred tax liability—noncurrent	(3,084)
	$	200,453

Estimated Useful Lives

The estimated useful lives of intangible assets, 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		Weighted Average Useful Life
Existing technology	$	37,400	5 years
Customer relationships—subscription	41,700		10 years
Backlog—subscription	4,600		2 years
Total intangible assets	$	83,700	7.3 years

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, 2019, or of future results of operations:


	Year Ended January 31,
(in thousands) (unaudited)		2021		2020
Revenue		$	1,464,424	$	1,001,809
Net loss		(246,819)		(262,968)
Net loss per share attributable to common stockholders, basic and diluted		$	(1.33)	$	(1.49)