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Acquisitions (Tables) | 9 Months Ended
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Oct. 31, 2024
Business Combinations [Abstract] |
Schedule of Assets Acquired And Liabilities Assumed | The following table summarizes preliminary allocation of purchase consideration to assets acquired and liabilities assumed based on their respective estimated fair values as of the date of acquisition:
(in thousands) | May 31, 2024
Cash and cash equivalents | $ | 10,409 |
Accounts receivable, net | 1,741 |
Goodwill | 103,352 |
Intangible assets, net | 50,200 |
Contract liabilities — current | (5,071) |
Deferred tax liability | (5,862) |
Accrued expenses and other current liabilities | (749) |
Total purchase consideration | $ | 154,020 |
Schedule of Identifiable Intangible Assets 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 |  | Expected Useful Life
Existing technology | $ | 29,900 |  |  | 5.0 years
Customer relationships—subscription | 20,300 |  |  | 7.0 years
Total intangible assets | $ | 50,200 |  |  | 5.8 years
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, 2023, or of future results of operations:
(in thousands) (unaudited) |  |  | Three Months Ended October 31, |  |  |  | Nine Months Ended October 31,
|  | 2023 |  |  |  | 2023
Net income/(loss) |  |  | 21,799 |  |  |  |  | 23,916 |

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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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