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v3.22.1

Intangible Assets (Tables) | 3 Months Ended
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Apr. 30, 2022
Intangible Assets |
Schedule of intangible assets | Intangible assets consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | April 30, 2022 (Successor) | ​ | January 31, 2022 (Predecessor (SLH))
​ |  | Gross |  | ​ | ​ |  | Net |  | Gross |  | ​ | ​ |  | Net
​ | ​ | Carrying | ​ | Accumulated | ​ | Carrying | ​ | Carrying | ​ | Accumulated | ​ | Carrying
​ | ​ | Amount | ​ | Amortization | ​ | Amount | ​ | Amount | ​ | Amortization | ​ | Amount
Developed software/ courseware | ​ | $ | 376,066 | ​ | $ | 66,005 | ​ | $ | 310,061 | ​ | $ | 315,856 | ​ | $ | 47,323 | ​ | $ | 268,533
Customer contracts/ relationships | ​ |  | 396,400 | ​ |  | 22,167 | ​ |  | 374,233 | ​ |  | 386,400 | ​ |  | 12,902 | ​ |  | 373,498
Vendor relationships | ​ |  | 43,900 | ​ |  | 25,492 | ​ |  | 18,408 | ​ | ​ | 43,900 | ​ | ​ | 21,219 | ​ | ​ | 22,681
Trademarks and trade names | ​ |  | 51,300 | ​ |  | 1,234 | ​ |  | 50,066 | ​ |  | 7,300 | ​ |  | 780 | ​ |  | 6,520
Publishing rights | ​ |  | 41,100 | ​ |  | 7,284 | ​ |  | 33,816 | ​ |  | 41,100 | ​ |  | 5,229 | ​ |  | 35,871
Backlog | ​ |  | 60,900 | ​ |  | 15,051 | ​ |  | 45,849 | ​ |  | 60,900 | ​ |  | 6,554 | ​ |  | 54,346
Skillsoft trademark | ​ |  | 84,700 | ​ | ​ | — | ​ |  | 84,700 | ​ |  | 84,700 | ​ | ​ | — | ​ |  | 84,700
Global Knowledge trademark | ​ |  | 25,400 | ​ | ​ | 2,808 | ​ |  | 22,592 | ​ | ​ | 25,400 | ​ | ​ | 2,062 | ​ | ​ | 23,338
Total | ​ | $ | 1,079,766 | ​ | $ | 140,041 | ​ | $ | 939,725 | ​ | $ | 965,556 | ​ | $ | 96,069 | ​ | $ | 869,487
Schedule of amortization expense related to the existing finite-lived intangible assets | Amortization expense related to the existing finite-lived intangible assets is expected to be as follows (in thousands): ​
​ | ​ | ​ | ​
Fiscal Year |  | Amortization Expense
2023 (remaining 9 months) | ​ | $ | 142,028
2024 | ​ |  | 165,083
2025 | ​ | ​ | 141,573
2026 | ​ | ​ | 135,341
2027 | ​ |  | 87,270
Thereafter | ​ |  | 183,730
Total | ​ | $ | 855,025
Schedule of goodwill | A roll forward of goodwill is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Description |  | Skillsoft |  | SumTotal |  | GK |  | Consolidated
Goodwill, net January 31, 2022 (Successor) | ​ | $ | 680,500 | ​ | $ | 75,693 | ​ | $ | 115,311 | ​ | $ | 871,504
Foreign currency translation adjustment | ​ | ​ | (102) | ​ | ​ | (99) | ​ | ​ | (730) | ​ | ​ | (931)
Acquisition of Codecademy | ​ | ​ | 309,967 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 309,967
Measurement period adjustments | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (614) | ​ | ​ | (614)
Goodwill, net April 30, 2022 (Successor) | ​ | $ | 990,365 | ​ | $ | 75,594 | ​ | $ | 113,967 | ​ | $ | 1,179,926

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- Definition Tabular disclosure of amortizable finite-lived intangible assets, in total and by major class, including the gross carrying amount and accumulated amortization, and indefinite-lived intangible assets not subject to amortization, excluding goodwill, in total and by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. + References No definition available. + Details
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- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
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