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Acquisitions (Tables)

12 Months Ended

Jan. 31, 2023

Acquisitions

Schedule of preliminary purchase price allocation for businesses acquired

​

​	​	​	​	​	​	​	​	​	​	​
​		​		​		​		Supply		​
​	​	NetCHB	​	Foxtrot	​	XPS	​	Vision	​	Total
Purchase price consideration:								​	​
Cash, less cash acquired related to NetCHB ($658), Foxtrot (Nil), XPS ($3,932) and Supply Vision ($413)		38,664		4,228		61,096		11,573	​	115,561
Contingent consideration		13,948		—		9,425		2,670	​	26,043
Net working capital adjustments payable (receivable)		51		66		978		(137)	​	958
​		52,663		4,294		71,499		14,106	​	142,562
Allocated to:						​		​	​	​
Current assets, excluding cash acquired		469		835		2,449		703	​	4,456
Current liabilities		(367)		(22)		(1,483)		(658)	​	(2,530)
Deferred revenue		—		(336)		(2,196)		(132)	​	(2,664)
Net tangible assets (liabilities) assumed		102		477		(1,230)		(87)	​	(738)
​						​		​	​	​
Finite life intangible assets acquired:	​	​	​	​	​	​	​	​	​	​
Customer agreements and relationships		10,900		650		8,100		2,500	​	22,150
Existing technology		14,100		1,640		20,000		4,700	​	40,440
Trade names		64		—		100		30	​	194
Non-compete covenants		700		—		1,000		200	​	1,900
Goodwill		26,797		1,527		43,529		6,763	​	78,616
​		52,663		4,294		71,499		14,106	​	142,562

​

​

​	​	​	​	​	​	​	​	​
​		​		​		Green		​
​	​	QuestaWeb	​	Portrix	​	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

​

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

​

​	​	​	​	​	​	​	​	​
​		​		​		​		Supply
​	​	NetCHB	​	Foxtrot	​	XPS	​	Vision
Customer agreements and relationships		13 years		13 years		11 years	​	11 years
Existing technology		6 years		6 years		6 years	​	6 years
Trade names		2 years		N/A		2 years	​	9 years
Non-compete covenants		5 years		N/A		5 years	​	5 years

​

​

​	​	​	​	​	​	​
​		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

​

Business acquisition on pro forma information

​

​	​	​	​	​	​	​
​		January 31,		January 31,		January 31,
Year Ended	​	2023	​	2022	​	2021
​	​	​	​	​	​	​
Revenues		495,874	​	461,864		393,322
Net income		103,700	​	91,398		49,315
Earnings per share		​	​	​		​
Basic		1.22	​	1.08		0.58
Diluted		1.20	​	1.06		0.58

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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- 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.

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