Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets acquired in a business combination.

Intangible assets primarily consist of software licenses as well as developed technology, customer relationships and trade name that were acquired from business combinations.

The Company enters into certain software license agreements with third parties from time-to-time. The software licenses consist of noncancelable on-premise internal-use software and software with alternative use that is to be sold, leased or otherwise marketed as part of a product. The licenses have been capitalized as intangible assets, and the corresponding future payments have been recorded as liabilities at net present value. As of April 30, 2023, $6.5 million was recorded in accrued and other current liabilities and $8.4 million was recorded in other long-term liabilities in the condensed consolidated balance sheets.

The components of intangible assets as of April 30, 2023 and January 31, 2023 were as follows:


	As of April 30, 2023							As of January 31, 2023
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(in thousands)
Software licenses	$	34,895	$	(8,835	)	$	26,060	$	34,128	$	(6,319	)	$	27,809
Developed technology		21,200		(4,689	)		16,511		21,200		(3,932	)		17,268
Customer relationships		13,200		(2,200	)		11,000		13,200		(1,833	)		11,367
Trade name		2,500		(536	)		1,964		2,500		(447	)		2,053
Total intangible assets, net	$	71,795	$	(16,260	)	$	55,535	$	71,028	$	(12,531	)	$	58,497

The amortization expense associated with software licenses was approximately $2.6 million and $1.6 million for the three months ended April 30, 2023 and 2022, respectively. The amortization expense associated with acquisition-related intangible assets, including developed technology, customer relationships and trade name, was approximately $1.2 million and $1.2 million for the three months ended April 30, 2023 and 2022, respectively. The expected future amortization expense related to these intangible assets as of April 30, 2023 is as follows:


	As of
	April 30, 2023
Fiscal Year	(in thousands)
2024 (9 months remaining)	$	10,401
2025		12,212
2026		10,118
2027		5,711
2028		5,711
Thereafter		11,382
Total future amortization expenses:	$	55,535

Goodwill and intangible assets are tested for impairment at least annually, in the fourth fiscal quarter, or more frequently if events or changes in circumstances indicate that they may be impaired. There were no goodwill and intangible asset impairments for the three months ended April 30, 2023 and 2022, respectively.