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Contract Balances, Performance Obligations and Contract Costs
 12 Months Ended
Jan. 31, 2023
Contract Balances, Performance Obligations and Contract Costs  
Contract Balances, Performance Obligations and Contract Costs.

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, 2021

 

51,291

Recognition of previously deferred revenue

 

(38,065)

Deferral of revenue

 

45,234

Increases from business combinations, net

 

729

Effect of movements in foreign exchange

 

(489)

Balance at January 31, 2022

 

58,700

Recognition of previously deferred revenue

 

(48,253)

Deferral of revenue

 

57,605

Increases from business combinations, net

​

2,188

Effect of movements in foreign exchange

​

(841)

Balance at January 31, 2023

​

69,399

Current

​

67,784

Long-term

​

1,615

​

Performance Obligations

As of January 31, 2023, approximately $343.8 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:

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​

​

​

​

    

Contract

​

​

Assets

Balance at January 31, 2021

 

1,353

Transfers to trade receivables from contract assets

 

(730)

Increases as a result of delivered term licenses recognized as revenue during the period, net of amounts transferred to trade receivables

 

815

Effect of movements in foreign exchange

 

5

Balance at January 31, 2022

 

1,443

Transfers to trade receivables from contract assets

​

(824)

Increases as a result of delivered term licenses recognized as revenue during the period, net of amounts transferred to trade receivables

​

2,618

Effect of movements in foreign exchange

​

(15)

Balance at January 31, 2023

​

3,222

​

Contract Costs

Capitalized contract costs net of accumulated amortization is $18.4 million at January 31, 2023 ($16.6 million at January 31, 2022). 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 $5.8 million, $4.7 million and $3.3 million for the years ended January 31, 2023, 2022 and 2021, respectively.