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Intangible Assets
6 Months Ended
Jul. 31, 2025
Intangible Assets  
Intangible Assets

Note 9 - Intangible Assets

    

July 31,

    

January 31,

2025

2025

Cost

 

  

 

  

Customer agreements and relationships

 

394,649

 

354,049

Existing technology

 

510,959

 

466,832

Trade names

 

12,784

 

12,142

Non-compete covenants

 

16,878

 

16,483

 

935,270

 

849,506

Accumulated amortization

 

 

Customer agreements and relationships

 

209,177

 

189,908

Existing technology

 

352,504

 

316,506

Trade names

 

9,659

 

8,889

Non-compete covenants

 

13,932

 

12,933

 

585,272

 

528,236

Net

 

349,998

 

321,270

Intangible assets related to our acquisitions are recorded at their fair value at the acquisition date. The change in intangible assets during the six month period ended July 31, 2025 is primarily due to the acquisitions of 3GTMS and PackageRoute, partially offset by amortization. The balance of the change in intangible assets is due to foreign currency translation.

Intangible assets with a finite life are amortized into income over their useful lives. Amortization expense for existing intangible assets is expected to be $350.0 million over the following periods: $39.7 million for the remainder of fiscal 2026, $65.6 million for 2027, $58.3 million for 2028, $49.7 million for 2029, $37.7 million for 2030 and $99.0 million thereafter. Expected future amortization expense is subject to fluctuations in foreign exchange rates and assumes no future adjustments to acquired intangible assets.