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Acquisitions (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Schedule of Acquisitions of Business

​

​	​	​	​	​	​	​	​	​
​		QuestaWeb		Portrix		Green Mile		Total
Purchase price consideration:
Cash, less cash acquired related to QuestaWeb ($2,097), Portrix ($200) and GreenMile ($1,552)		35,860		25,188		29,230		90,278
Contingent consideration		—		—		3,339		3,339
Net working capital adjustments payable / (receivable)		17		(54)		(308)		(345)
​		35,877		25,134		32,261		93,272
Allocated to:
Current assets, excluding cash acquired		714		810		2,186		3,710
Property and equipment		78		—		89		167
Right-of-use assets		123		374		—		497
Other long-term assets		—		—		242		242
Current liabilities		(170)		(871)		(1,498)		(2,539)
Deferred revenue		(736)		(499)		(909)		(2,144)
Lease obligations		(123)		(374)		—		(497)
Deferred income tax liability		—		(5,185)		(752)		(5,937)
Long-term income taxes payable		—		—		(365)		(365)
Debt		—		(1,062)		—		(1,062)
Net tangible assets (liabilities) assumed		(114)		(6,807)		(1,007)		(7,928)
​	​	​	​	​	​	​	​	​
Finite life intangible assets acquired:
Customer agreements and relationships		4,800		4,014		5,700		14,514
Existing technology		8,900		12,286		14,000		35,186
Trade names		100		122		100		322
Non-compete covenants		500		487		500		1,487
Goodwill		21,691		15,032		12,968		49,691
​		35,877		25,134		32,261		93,272

​

​	​	​	​	​	​	​	​	​
​		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)		(87)		64		(65)
​		24,095		6,664		21,918		52,677
Allocated to:	​	​	​	​	​	​	​	​
Current assets, excluding cash acquired		485		469		1,853		2,807
Right-of-use assets		—		—		151		151
Current liabilities		(776)		(1,074)		(693)		(2,543)
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)		(707)		(3,784)		(7,145)
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		6,664		21,918		52,677

​

​	​	​	​	​	​	​	​	​	​	​
​		Visual		​		STEP-		Best-		​
​	​	Compliance	​	CORE	​	com	​	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

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

​

​	​	​	​	​	​	​
​		QuestaWeb		Portrix		GreenMile
Customer agreements and relationships		13 years		13 years		13 years
Existing technology		6 years		6 years		6 years
Trade names		3 years		3 years		3 years
Non-compete covenants		5 years		2 years		5 years

​

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

​

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

Business Acquisition, Pro Forma Information

​

​	​	​	​	​	​	​
Year Ended		January 31,		January 31,		January 31,
​		2022		2021		2020
Revenues		429,531		369,271		354,484
Net income		85,549		48,788		30,933
Earnings per share
Basic		1.01		0.58		0.38
Diluted		0.99		0.57		0.37

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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