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Acquisitions (Tables)

6 Months Ended

Jul. 31, 2023

Acquisitions

Schedule of preliminary purchase price allocation for businesses acquired

The preliminary purchase price allocation for the businesses acquired during 2024, which has not been finalized, is as follows:

​

​	​	​	​	​	​	​
​		​		​		​
​	​	Ground-Cloud	​	Localz	​	Total
Purchase price consideration:
Cash, less cash acquired related to GroundCloud ($4,381) and Localz (Nil)		136,843		5,857		142,700
Contingent consideration		19,550		—		19,550
Net working capital adjustments (receivable) / payable		345		(5)		340
​		156,738		5,852		162,590
Allocated to:		​		​		​
Current assets, excluding cash acquired		1,908		619		2,527
Right-of-use Assets	​	144	​	—	​	144
Current liabilities		(3,252)		(227)		(3,479)
Deferred revenue		(136)		(1,465)		(1,601)
Lease obligations	​	(144)	​	—	​	(144)
Net tangible assets (liabilities) assumed		(1,480)		(1,073)		(2,553)
​		​				​
Finite life intangible assets acquired:	​	​	​	​	​	​
Customer agreements and relationships		29,400		—		29,400
Existing technology		42,800		5,971		48,771
Trade names		1,100		—		1,100
Non-compete covenants		1,000		—		1,000
Goodwill		83,918		954		84,872
​		156,738		5,852		162,590

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

​

​	​	​	​	​
​		​		​
​	​	GroundCloud	​	Localz
Customer agreements and relationships		13 years		N/A
Existing technology		6 years		6 years
Trade names		6 years		N/A
Non-compete covenants		5 years		N/A

Schedule of business acquisition on pro forma information

​

​	​	​	​	​	​	​	​	​
​		Three Months Ended				Six Months Ended
​		July 31,		July 31,		July 31,		July 31,
​	​	2023	​	2022	​	2023	​	2022
​	​	​	​	​	​	​	​	​
Revenue		143,393	​	135,914		282,023		268,505
Net income		28,116	​	22,308		56,710		45,141
Earnings per share		​	​	​		​		​
Basic		0.33	​	0.26		0.67		0.53
Diluted		0.32	​	0.26		0.65		0.52

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.

+ References

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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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