Acquired Intangible Assets and Goodwill

9 Months Ended

Oct. 31, 2019

Intangible Assets Net Excluding Goodwill [Abstract]

Note 5: Acquired Intangible Assets and Goodwill

The carrying amount of goodwill was $4.3 million and $3.9 million as of October 31, 2019 and January 31, 2019, respectively. The Company recognized intangibles of $6.1 million and goodwill of $0.4 million in connection with the acquisition of Broadsmart in May 2019. See Note 12: Business Acquisitions below. There was no change to goodwill subsequent to this acquisition.

The gross value, accumulated amortization and carrying values of intangible assets were as follows (in thousands):

	As of October 31, 2019							As of January 31, 2019
	Gross Value		Accumulated Amortization			Carrying Value		Gross Value		Accumulated Amortization			Carrying Value
Customer relationships	$	6,735	$	(640	)	$	6,095	$	902	$	(157	)	$	745
Developed technology		2,122		(1,451	)		671		2,716		(1,121	)		1,595
Trade names		625		(247	)		378		451		(166	)		285
Patents and licenses		714		(709	)		5		714		(704	)		10
Total intangible assets	$	10,196	$	(3,047	)	$	7,149	$	4,783	$	(2,148	)	$	2,635

In the third quarter of fiscal 2020, the Company recorded impairment charges of $0.7 million to cost of product revenue for abandoned developed technology and trade names associated with the Ooma Smart Cam (acquired through the Company’s fiscal 2018 acquisition of Butterfleye, Inc.) See Note 13: Restructuring Charges below. Amortization expense was $0.9 million and $0.5 million for the nine months ended October 31, 2019 and 2018, respectively.

At October 31, 2019, the estimated future amortization expense for intangible assets was as follows (in thousands):

Fiscal Years Ending January 31,	Total
2020 - remainder of fiscal year	$	328
2021		1,308
2022		1,305
2023		1,305
2024		940
2025 and thereafter		1,963
Total	$	7,149