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Acquisitions (Tables)

6 Months Ended

Jul. 31, 2024

Acquisitions

Schedule of preliminary purchase price allocation for businesses acquired

​

​	​	​	​	​	​	​	​	​
​		OCR		ASD		BoxTop		Total
Purchase price consideration:		​	​
Cash, net of cash acquired related to OCR ($5,743), ASD ($2,475) and BoxTop ($1,012)		82,659	​	58,945		12,111		153,715
Consideration payable		190	​	3,577		—		3,767
Net working capital adjustments (receivable) / payable		(340)	​	695		62		417
​		82,509	​	63,217		12,173		157,899
Allocated to:		​	​	​		​		​
Current assets, excluding cash acquired		4,265	​	4,572		56		8,893
Deferred income tax asset	​	77	​	—	​	—	​	77
Right-of-use Assets	​	59	​	—	​	186	​	245
Other long-term assets	​	13	​	6	​	1	​	20
Current liabilities		(1,073)	​	(627)		(405)		(2,105)
Deferred revenue		(9,755)	​	(367)		(454)		(10,576)
Lease obligations	​	(59)	​	—	​	(186)	​	(245)
Deferred income tax liability	​	(13,107)	​	(3,319)	​	(1,743)	​	(18,169)
Net tangible assets (liabilities) assumed		(19,580)	​	265		(2,545)		(21,860)
​		​	​	​				​
Finite life intangible assets acquired:	​	​	​	​	​	​	​	​
Customer agreements and relationships		24,200	​	12,247		2,926		39,373
Existing technology		25,000	​	14,377		3,944		43,321
Trade names		1,500	​	298		25		1,823
Non-compete covenants		600	​	426		76		1,102
Goodwill		50,789	​	35,604		7,747		94,140
​		82,509	​	63,217		12,173		157,899

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

​

​	​	​	​	​	​	​
​		OCR		ASD		BoxTop
Customer agreements and relationships		13 years	​	13 years		13 years
Existing technology		6 years	​	6 years		6 years
Trade names		10 years	​	3-6 years		2 years
Non-compete covenants		5 years	​	5 years		5 years

Schedule of business acquisition on pro forma information

​

​	​	​	​	​	​	​	​	​
​		Three Months Ended				Six Months Ended
​		July 31,		July 31,		July 31,		July 31,
​	​	2024	​	2023	​	2024	​	2023
​	​	​	​	​	​	​	​	​
Revenue		163,781	​	150,565		320,842		296,367
Net income		34,709	​	27,206		69,028		54,890
Earnings per share		​	​	​		​		​
Basic		0.41	​	0.32		0.81		0.65
Diluted		0.40	​	0.31		0.79		0.63

​

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.

+ References

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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
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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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- Definition

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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