XML 23 R14.htm IDEA: XBRL DOCUMENT
v3.23.2

Goodwill and Intangible Assets, Net | 6 Months Ended
--- | ---
Jul. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | 5. Goodwill and Intangible Assets, Net 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 July 31, 2023, approximately $8.9 million was recorded in accrued and other current liabilities and $11.1 million was recorded in other long-term liabilities in the condensed consolidated balance sheets. The components of intangible assets as of July 31, 2023 and January 31, 2023 were as follows:
|  | As of July 31, 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 |  | $ | 44,343 |  |  | $ | (9,483 | ) |  | $ | 34,860 |  |  | $ | 34,128 |  |  | $ | (6,319 | ) |  | $ | 27,809 |
Developed technology |  |  | 21,200 |  |  |  | (5,447 | ) |  |  | 15,753 |  |  |  | 21,200 |  |  |  | (3,932 | ) |  |  | 17,268 |
Customer relationships |  |  | 13,200 |  |  |  | (2,567 | ) |  |  | 10,633 |  |  |  | 13,200 |  |  |  | (1,833 | ) |  |  | 11,367 |
Trade name |  |  | 2,500 |  |  |  | (625 | ) |  |  | 1,875 |  |  |  | 2,500 |  |  |  | (447 | ) |  |  | 2,053 |
Total intangible assets, net |  | $ | 81,243 |  |  | $ | (18,122 | ) |  | $ | 63,121 |  |  | $ | 71,028 |  |  | $ | (12,531 | ) |  | $ | 58,497 |
During the six months ended July 31, 2023, there were approximately $12.4 million of software licenses purchased and approximately $2.2 million of software licenses retired. The amortization expense associated with software licenses was approximately $2.8 million and $1.6 million for the three months ended July 31, 2023 and 2022, respectively, and was approximately $5.4 million and $3.2 million for the six months ended July 31, 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 July 31, 2023 and 2022, respectively, and was approximately $2.4 million and $2.4 million for the six months ended July 31, 2023 and 2022 respectively. As of July 31, 2023, the Company has not commenced amortization with respect to approximately $11.3 million of software licenses with alternative uses that are to be sold, leased or otherwise marketed as part of products. Once the associated products are available for general release to customers, the Company will commence amortization on a product-by-product basis over the remaining estimated economic life of the products. The expected future amortization expense related to these intangible assets as of July 31, 2023 is as follows:
|  | As of |
|  | July 31, 2023 |
Fiscal Year |  | (in thousands) |
2024 (6 months remaining) |  | $ | 8,354 |
2025 |  |  | 14,837 |
2026 |  |  | 12,479 |
2027 |  |  | 7,609 |
2028 |  |  | 6,081 |
Thereafter |  |  | 13,761 |
Total future amortization expenses: |  | $ | 63,121 |
Goodwill and indefinite-lived 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 and six months ended July 31, 2023 and 2022, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration