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Acquisitions (Tables)

6 Months Ended

Jul. 31, 2022

Acquisitions

Schedule of preliminary purchase price allocation for businesses acquired

​

​	​	​	​	​	​	​	​	​
​		NetCHB		Foxtrot		XPS		Total
Purchase price consideration:
Cash, less cash acquired related to NetCHB ($658), Foxtrot (Nil) and XPS ($3,932)		38,664		4,228		61,096		103,988
Contingent consideration		13,948		—		9,425		23,373
Net working capital adjustments payable		51		74		825		950
​		52,663		4,302		71,346		128,311
Allocated to:
Current assets, excluding cash acquired		469		835		2,228		3,532
Current liabilities		(367)		(14)		(1,491)		(1,872)
Deferred revenue		—		(336)		(2,120)		(2,456)
Net tangible assets (liabilities) assumed		102		485		(1,383)		(796)
​
Finite life intangible assets acquired:	​	​	​	​	​	​	​	​
Customer agreements and relationships		10,900		650		8,100		19,650
Existing technology		14,100		1,640		20,000		35,740
Trade names		64		—		100		164
Non-compete covenants		700		—		1,000		1,700
Goodwill		26,797		1,527		43,529		71,853
​		52,663		4,302		71,346		128,311

Schedule of acquired intangible assets are being amortized over their estimated useful lives

​

​	​	​	​	​	​	​
​		NetCHB		Foxtrot		XPS
Customer agreements and relationships		13 years		13 years		11 years
Existing technology		6 years		6 years		6 years
Trade names		2 years		N/A		2 years
Non-compete covenants		5 years		N/A		5 years

Business acquisition on pro forma information

​

​	​	​	​	​	​	​	​	​
​		Three Months Ended				Six Months Ended
​	​	July 31,		July 31,	​	July 31,		July 31,
​	​	2022	​	2021	​	2022	​	2021
​	​	​	​	​	​	​	​	​
Revenue		124,237		113,126		245,151		222,582
Net income		22,998		24,398		46,521		43,808
Earnings per share
Basic		0.27		0.29		0.55		0.52
Diluted		0.27		0.28		0.54		0.51

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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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