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Acquisitions (Tables)

12 Months Ended

Jan. 31, 2024

Acquisitions

Schedule of preliminary purchase price allocation for businesses acquired

​

​	​	​	​	​	​	​
​		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		458		(5)	​	453
​		156,851		5,852	​	162,703
Allocated to:				​	​	​
Current assets, excluding cash acquired		3,245		619	​	3,864
Right-of-use Assets	​	144	​	—	​	144
Current liabilities		(3,308)		(227)	​	(3,535)
Deferred revenue		(136)		(1,465)	​	(1,601)
Lease obligations	​	(144)	​	—	​	(144)
Net tangible assets (liabilities) assumed		(199)		(1,073)	​	(1,272)
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		82,750		954	​	83,704
​		156,851		5,852	​	162,703

​

​	​	​	​	​	​	​	​	​	​	​
​		​		​		​	​	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	​	4		1,099
​		52,663		4,294		71,499	​	14,247		142,703
Allocated to:						​	​
Current assets, excluding cash acquired		469		835		2,449	​	718		4,471
Current liabilities		(367)		(22)		(1,483)	​	(532)		(2,404)
Deferred revenue		—		(336)		(2,196)	​	(132)		(2,664)
Net tangible assets (liabilities) assumed		102		477		(1,230)	​	54		(597)
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	​	14,247		142,703

​

​	​	​	​	​	​	​	​	​
​		Questa		​		Green		​
​	​	Web	​	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

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

​

​	​	​	​	​	​	​	​	​
​		​		​		​	​	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

​

Schedule of business acquisition on pro forma information

​

​	​	​	​	​	​	​
​		January 31,		January 31,		January 31,
Year Ended	​	2024	​	2023	​	2022
​	​	​	​	​	​	​
Revenues		574,947	​	538,222		496,064
Net income		115,148	​	100,332		84,582
Earnings per share		​	​	​		​
Basic		1.35	​	1.18		1.00
Diluted		1.33	​	1.16		0.98

​

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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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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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