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Note 3 - Acquisitions (Tables)

12 Months Ended

Jan. 31, 2020

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

			Visual Compliance				CORE				STEP- com				Best- Transport				Total
Purchase price consideration:
Cash, less cash acquired related to Visual Compliance ($170), CORE ($213), STEPcom ($2,700) and BestTransport ($507)			239,863				21,833				18,639				11,718				292,053
Common shares issued			9,045				–				–				–				9,045
Contingent consideration			–				1,450				–				–				1,450
Net working capital adjustments payable / (receivable)			1,147				62				250				–				1,459
			250,055				23,345				18,889				11,718				304,007
Allocated to:
Current assets, excluding cash acquired			6,403				689				1,470				815				9,377
Property and equipment			30				2,048				257				35				2,370
Deferred income tax asset			30,924				–				–				–				30,924
Right-of-use assets			1,188				68				232				194				1,682
Current liabilities			(840	)			(352	)			(874	)			(284	)			(2,350	)
Deferred revenue			(10,267	)			(278	)			(813	)			(9	)			(11,367	)
Lease obligations			(1,188	)			(68	)			(232	)			(194	)			(1,682	)
Deferred income tax liability			(282	)			(3,332	)			(2,316	)			(1,352	)			(7,282	)
Net tangible assets (liabilities) assumed			25,968				(1,225	)			(2,276	)			(795	)			21,672
Finite life intangible assets acquired:
Customer agreements and relationships			32,186				4,600				10,839				3,000				50,625
Existing technology			69,422				6,800				–				3,800				80,022
Trade names			528				200				102				50				880
Non-compete covenants			3,166				300				205				150				3,821
Goodwill			118,785				12,670				10,019				5,513				146,987
			250,055				23,345				18,889				11,718				304,007

			Aljex				Velocity Mail				PinPoint				Total
Purchase price consideration:
Cash, less cash acquired related to Aljex ($193), Velocity Mail (nil) and PinPoint ($769)			32,382				26,107				9,443				67,932
Common shares issued			–				–				1,536				1,536
Contingent consideration			–				–				714				714
Net working capital adjustments (receivable) / payable			(152	)			(102	)			36				(218	)
			32,230				26,005				11,729				69,964
Allocated to:
Current assets, excluding cash acquired			607				1,407				599				2,613
Other long-term assets			–				501				–				501
Current liabilities			(266	)			(81	)			(559	)			(906	)
Deferred revenue			(1,024	)			(70	)			(574	)			(1,668	)
Deferred income tax liability			(4,200	)			–				(2,077	)			(6,277	)
Net tangible (liabilities) assets assumed			(4,883	)			1,757				(2,611	)			(5,737	)
Finite life intangible assets acquired:
Customer agreements and relationships			5,300				7,800				7,758				20,858
Existing technology			12,400				7,600				–				20,000
Tradenames			280				100				207				587
Non-compete covenants			230				300				69				599
Goodwill			18,903				8,448				6,306				33,657
			32,230				26,005				11,729				69,964

			ShipRush				PCSTrac				MacroPoint				Total
Purchase price consideration:
Cash, less cash acquired related to ShipRush ($253), PCSTrac (nil) and MacroPoint ($2,098)			14,198				11,492				86,177				111,867
Common shares issued			–				–				20,000				20,000
Contingent consideration			1,233				–				–				1,233
Net working capital adjustments payable			88				40				163				291
			15,519				11,532				106,340				133,391
Allocated to:
Current assets, excluding cash acquired			461				467				2,127				3,055
Current liabilities			(266	)			(10	)			(1,693	)			(1,969	)
Deferred revenue			(609	)			–				(5,787	)			(6,396	)
Net tangible (liabilities) assets assumed			(414	)			457				(5,353	)			(5,310	)
Finite life intangible assets acquired:
Customer agreements and relationships			2,400				1,850				26,030				30,280
Existing technology			4,710				3,270				17,170				25,150
In-process research and development			–				–				290				290
Tradenames			120				60				570				750
Non-compete covenants			100				80				2,420				2,600
Goodwill			8,603				5,815				65,213				79,631
			15,519				11,532				106,340				133,391

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

			Visual Compliance (in years)				CORE (in years)				STEPcom (in years)				Best Transport (in years)
Customer agreements and relationships			14				13				9				12
Existing technology			7				6				N/A				6
Trade names			5				8				3				3
Non-compete covenants			5				5				3				2

			Aljex (in years)				Velocity Mail (in years)				PinPoint (in years)
Customer agreements and relationships			13				12				9
Existing technology			5				5				N/A
Trade names			8				4				8
Non-compete covenants			5				5				5

			ShipRush (in years)				PCSTrac (in years)				MacroPoint (in years)
Customer agreements and relationships			9				13				12
Existing technology			5				5				5
Trade names			8				4				8
Non-compete covenants			5				5				5

Business Acquisition, Pro Forma Information [Table Text Block]

Year Ended			January 31,				January 31,				January 31,
			2020				2019				2018
Revenues			333,323				322,649				313,759
Net income			37,540				31,609				25,312
Earnings per share
Basic			0.46				0.41				0.33
Diluted			0.45				0.41				0.33

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

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