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v3.22.2.2

Intangible Assets (Tables) | 9 Months Ended
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Oct. 31, 2022
Intangible Assets |
Schedule of intangible assets | Intangible assets consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | October 31, 2022 (Successor) | ​ | January 31, 2022 (Successor)
​ |  | Gross |  | ​ | ​ |  | Net |  | Gross |  | ​ | ​ |  | Net
​ | ​ | Carrying | ​ | Accumulated | ​ | Carrying | ​ | Carrying | ​ | Accumulated | ​ | Carrying
​ | ​ | Amount | ​ | Amortization | ​ | Amount | ​ | Amount | ​ | Amortization | ​ | Amount
Developed software/ courseware | ​ | $ | 370,252 | ​ | $ | 103,111 | ​ | $ | 267,141 | ​ | $ | 303,171 | ​ | $ | 43,956 | ​ | $ | 259,215
Customer contracts/ relationships | ​ |  | 327,686 | ​ |  | 33,149 | ​ |  | 294,537 | ​ |  | 332,300 | ​ |  | 10,436 | ​ |  | 321,864
Vendor relationships | ​ |  | 38,235 | ​ |  | 29,645 | ​ |  | 8,590 | ​ | ​ | 43,900 | ​ | ​ | 21,219 | ​ | ​ | 22,681
Trademarks and trade names | ​ |  | 45,500 | ​ |  | 2,753 | ​ |  | 42,747 | ​ |  | 1,500 | ​ |  | 104 | ​ |  | 1,396
Publishing rights | ​ |  | 41,100 | ​ |  | 11,394 | ​ |  | 29,706 | ​ |  | 41,100 | ​ |  | 5,229 | ​ |  | 35,871
Backlog | ​ |  | 49,700 | ​ |  | 25,811 | ​ |  | 23,889 | ​ |  | 49,700 | ​ |  | 4,906 | ​ |  | 44,794
Skillsoft trademark | ​ |  | 84,700 | ​ | ​ | — | ​ |  | 84,700 | ​ |  | 84,700 | ​ | ​ | — | ​ |  | 84,700
Global Knowledge trademark | ​ |  | 22,113 | ​ | ​ | 3,743 | ​ |  | 18,370 | ​ | ​ | 25,400 | ​ | ​ | 2,062 | ​ | ​ | 23,338
Total | ​ | $ | 979,286 | ​ | $ | 209,606 | ​ | $ | 769,680 | ​ | $ | 881,771 | ​ | $ | 87,912 | ​ | $ | 793,859
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 3 months) | ​ | $ | 41,907
2024 | ​ |  | 149,210
2025 | ​ | ​ | 129,121
2026 | ​ | ​ | 124,947
2027 | ​ |  | 79,912
Thereafter | ​ |  | 159,883
Total | ​ | $ | 684,980
Schedule of goodwill | A roll forward of goodwill is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Description |  | Skillsoft |  | GK |  | Consolidated
Goodwill, net January 31, 2022 (Successor) | ​ | $ | 680,500 | ​ | $ | 115,311 | ​ | $ | 795,811
Foreign currency translation adjustment | ​ | ​ | (102) | ​ | ​ | (730) | ​ | ​ | (832)
Acquisition of Codecademy | ​ | ​ | 309,967 | ​ | ​ | — | ​ | ​ | 309,967
Measurement period adjustments | ​ | ​ | — | ​ | ​ | (614) | ​ | ​ | (614)
Goodwill, net April 30, 2022 (Successor) | ​ | $ | 990,365 | ​ | $ | 113,967 | ​ | $ | 1,104,332
Foreign currency translation adjustment | ​ | ​ | (36) | ​ | ​ | (422) | ​ | ​ | (458)
Impairment of goodwill | ​ | ​ | — | ​ | ​ | (70,475) | ​ | ​ | (70,475)
Measurement period adjustments | ​ | ​ | (819) | ​ | ​ | 126 | ​ | ​ | (693)
Goodwill, net July 31, 2022 (Successor) | ​ | $ | 989,510 | ​ | $ | 43,196 | ​ | $ | 1,032,706
Foreign currency translation adjustment | ​ | ​ | (46) | ​ | ​ | 99 | ​ | ​ | 53
Impairment of goodwill | ​ | ​ | (569,256) | ​ | ​ | (1,631) | ​ | ​ | (570,887)
Measurement period adjustments | ​ | ​ | 208 | ​ | ​ | — | ​ | ​ | 208
Goodwill, net October 31, 2022 (Successor) | ​ | $ | 420,416 | ​ | $ | 41,664 | ​ | $ | 462,080

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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 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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