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Note 3 - Acquisitions (Tables)

12 Months Ended

Jan. 31, 2021

Notes Tables

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

			Peoplevox				Kontainers				ShipTrack				Total
Purchase price consideration:
Cash, less cash acquired related to Peoplevox ($1,634), Kontainers (overdraft of $13) and ShipTrack ($529)			24,137				5,237				19,029				48,403
Consideration payable			-				100				-				100
Contingent consideration			-				1,414				2,825				4,239
Net working capital adjustments (receivable) / payable			(42	)			(218	)			82				(178	)
			24,095				6,533				21,936				52,564
Allocated to:
Current assets, excluding cash acquired			485				253				1,846				2,584
Right-of-use assets			-				-				151				151
Current liabilities			(776	)			(989	)			(668	)			(2,433	)
Deferred revenue			(748	)			(102	)			(204	)			(1,054	)
Lease obligations			-				-				(151	)			(151	)
Deferred income tax liability			(1,615	)			-				(4,012	)			(5,627	)
Debt			-				-				(728	)			(728	)
Net tangible assets (liabilities) assumed			(2,654	)			(838	)			(3,766	)			(7,258	)
Finite life intangible assets acquired:
Customer agreements and relationships			3,631				800				3,905				8,336
Existing technology			7,651				3,000				11,102				21,753
Trade names			-				30				77				107
Non-compete covenants			285				80				291				656
Goodwill			15,182				3,461				10,327				28,970
			24,095				6,533				21,936				52,564

		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

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

			Peoplevox				Kontainers				ShipTrack
Customer agreements and relationships (years)			10				12				13
Existing technology (years)			6				5				6
Trade names (years)			N/A				3				3
Non-compete covenants (years)			5				5				5

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

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

Business Acquisition, Pro Forma Information [Table Text Block]

Year Ended			January 31,				January 31,				January 31,
			2021				2020				2019
Revenues			354,461				341,376				328,824
Net income			51,302				33,727				25,370
Earnings per share
Basic			0.61				0.41				0.33
Diluted			0.60				0.41				0.33

X

- Definition

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