Acquired Intangible Assets and Goodwill

6 Months Ended

Jul. 31, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Note 5: Acquired Intangible Assets and Goodwill

For the three and six months ended July 31, 2022, the Company recognized intangibles of $8.2 million and goodwill of $4.4 million in connection with a business acquisition completed in July 2022. See Note 13: Business Acquisition. The carrying amount of goodwill was $8.7 million and $4.3 million as of July 31, 2022 and January 31, 2022, respectively.

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


			As of July 31, 2022						As of January 31, 2022
	Estimated life (in years)		Gross Value		Accumulated Amortization		Carrying Value		Gross Value		Accumulated Amortization		Carrying Value
Customer relationships		5-7	$	14,395	$	(3,467)	$	10,928	$	6,735	$	(2,921)	$	3,814
Developed technology		2-5		2,209		(1,688)		521		1,809		(1,584)		225
Trade names		2-5		684		(443)		241		564		(395)		169
Total intangible assets			$	17,288	$	(5,598)	$	11,690	$	9,108	$	(4,900)	$	4,208

Amortization expense for acquired intangible assets was $0.4 million and $0.3 million for the three months ended July 31, 2022 and 2021, respectively, and $0.7 million for each of the six months ended July 31, 2022 and 2021.

At July 31, 2022, the estimated future amortization expense for intangible assets is as follows (in thousands):


Fiscal Years Ending January 31,	Total
2023 remainder	$	1,548
2024		2,732
2025		2,507
2026		2,365
2027		1,810
Thereafter		728
Total	$	11,690