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Goodwill and Intangible Assets
 6 Months Ended
Jul. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table summarizes the changes in carrying amounts of goodwill (in thousands):
Balance as of January 31, 2024
$213,750 
Foreign exchange fluctuations7 
Balance as of July 31, 2024
$213,757 
There was no impairment recognized for the three and six months ended July 31, 2024 and 2023.
The following table presents the details of intangible assets:
July 31, 2024
Cost (1)
Accumulated Amortization (1)
Net (1)
Useful Life
(amounts in thousands, useful lives in years)
Customer relationships$90,759 $(25,840)$64,919 10
Developed technology18,358 (8,787)9,571 6
$109,117 $(34,627)$74,490 
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(1) Values are translated into U.S. Dollars at period-end foreign exchange rates.
January 31, 2024
Cost (1)
Accumulated Amortization (1)
Net (1)
Useful Life
(amounts in thousands, useful lives in years)
Customer relationships$90,755 $(21,301)$69,454 10
Developed technology18,358 (7,257)11,101 6
$109,113 $(28,558)$80,555 
_______________
(1) Values are translated into U.S. Dollars at period-end foreign exchange rates.
Amortization expense for customer relationships and developed technology is shown as sales and marketing and cost of revenue, respectively, in the condensed consolidated statements of operations. The acquired intangible assets and goodwill are subject to impairment review at least annually on December 31st.
Acquisition-related intangible assets included in the above table are finite-lived and are carried at cost less accumulated amortization. Intangible assets are being amortized on a straight-line basis over their estimated lives, which approximates the pattern in which the economic benefits of the intangible assets are expected to be realized.
The following table presents the amortization expense related to intangible assets:
Three Months Ended
July 31, 		Six Months Ended
July 31,
2024202320242023
(in thousands)
Amortization expense$3,028 $3,039 $6,051 $6,077