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Note 19 - Contract Balances, Performance Obligations and Contract Costs
 12 Months Ended
Jan. 31, 2021
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]
Note
19
– Contract Balances, Performance Obligations and Contract Costs
 
Deferred Revenue
The following table presents the changes in the deferred revenue balance as follows:
 
      Deferred Revenue  
Balance at January 31, 2019    
35,091
  
Recognition of previously deferred revenue    
(30,580
 )
Deferral of revenue    
37,408
  
Increases from business combinations, net    
551
  
Effect of movements in foreign exchange    
(407
 )
Balance at January 31, 2020    
42,063
  
Recognition of previously deferred revenue    
(37,843
 )
Deferral of revenue    
46,386
  
Increases from business combinations, net    
39
  
Effect of movements in foreign exchange    
646
  
Balance at January 31, 2021    
51,291
  
Current    
49,878
  
Long-term    
1,413
  
 
Performance Obligations
As of
January 31, 2021,
approximately
$297.6
million of revenue is expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period. We expect to recognize revenue on approximately
80%
of these remaining performance obligations over the next
24
months with the balance recognized thereafter.
 
Contract Assets
The following table presents the changes in the contract assets balance as follows:
 
      Contract Assets  
Balance at January 31, 2019    
812
  
Transfers to trade receivables from contract assets    
(490
 )
Increases as a result of delivered term licenses recognized as revenue during the period, net of amounts transferred to trade receivables    
791
  
Effect of movements in foreign exchange    
(6
 )
Balance at January 31, 2020    
1,107
  
Transfers to trade receivables from contract assets    
(563
 )
Increases as a result of delivered term licenses recognized as revenue during the period, net of amounts transferred to trade receivables    
783
  
Effect of movements in foreign exchange    
26
  
Balance at January 31, 2021    
1,353
  
 
Contract Costs
Capitalized contract costs net of accumulated amortization is
$12.9
million at
January 31, 2021 (
$9.8
million at
January 31, 2020).
Capitalized contract costs are amortized consistent with the pattern of transfer to the customer for the goods and services to which the asset relates.
The total contract cost amortization included in sales and marketing expenses was approximately
$3.3
million,
$2.5
million and
$1.8
million for the years ended
January 31, 2021,
2020
and
2019,
respectively.