XML 52 R37.htm IDEA: XBRL DOCUMENT
v3.23.1

Note 5 - Business Combinations (Tables) | 12 Months Ended
--- | ---
Jan. 31, 2023
Notes Tables |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
Description |  | Amount |
Class A common stock issued |  | $ | 258,000 |
Class B common stock issued * |  |  | 48,375 |
Cash payments |  |  | 505,000 |
Second Out Term Loan |  |  | 20,000 |
Cash settlement of seller transaction costs |  |  | 1,308 |
Total purchase price |  | $ | 832,683 |
Description |  | Amount |
Cash consideration |  | $ | 170,199 |
Warrants issued |  |  | 14,000 |
Additional Term Loans issued |  |  | 70,000 |
Cash settlement of seller transaction costs |  |  | 4,251 |
Total purchase price |  | $ | 258,450 |
Description |  | Amount |
Cash payments |  | $ | 202,119 |
Class A common stock issued |  |  | 182,550 |
Cash settlement of seller transaction costs and other |  |  | 1,315 |
Total purchase price |  | $ | 385,984 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | Preliminary Purchase |  |  |  |  |  |  | Final Purchase |
Description |  | Price Allocation |  |  | Adjustments (1)(2) |  |  | Price Allocation |
Cash, cash equivalents and restricted cash |  | $ | 120,273 |  |  | $ | — |  |  | $ | 120,273 |
Current assets |  |  | 118,847 |  |  |  | 706 |  |  |  | 119,553 |
Property and equipment |  |  | 10,825 |  |  |  | 1,632 |  |  |  | 12,457 |
Intangible assets |  |  | 769,799 |  |  |  | (4,701 | ) |  |  | 765,098 |
Long term assets |  |  | 18,629 |  |  |  | — |  |  |  | 18,629 |
Total assets acquired |  |  | 1,038,373 |  |  |  | (2,363 | ) |  |  | 1,036,010 |
Current liabilities |  |  | (49,056 | ) |  |  | (350 | ) |  |  | (49,406 | )
Debt, including accounts receivable facility |  |  | (552,977 | ) |  |  | — |  |  |  | (552,977 | )
Deferred revenue |  |  | (123,300 | ) |  |  | (114,047 | ) |  |  | (237,347 | )
Deferred and other tax liabilities |  |  | (99,699 | ) |  |  | 15,920 |  |  |  | (83,779 | )
Long term liabilities |  |  | (18,325 | ) |  |  | 1 |  |  |  | (18,324 | )
Total liabilities assumed |  |  | (843,357 | ) |  |  | (98,476 | ) |  |  | (941,833 | )
Net assets acquired |  |  | 195,016 |  |  |  | (100,839 | ) |  |  | 94,177 |
Goodwill |  |  | 637,667 |  |  |  | 100,839 |  |  |  | 738,506 |
Total purchase price |  | $ | 832,683 |  |  | $ | — |  |  | $ | 832,683 |
|  | Preliminary Purchase |  |  |  |  |  |  | Final Purchase |
Description |  | Price Allocation |  |  | Adjustments (1)(2) |  |  | Price Allocation |
Cash, cash equivalents |  | $ | 17,524 |  |  | $ | (100 | ) |  | $ | 17,424 |
Current assets |  |  | 47,849 |  |  |  | (2,442 | ) |  |  | 45,407 |
Property and equipment |  |  | 5,531 |  |  |  | 1,625 |  |  |  | 7,156 |
Intangible assets |  |  | 185,800 |  |  |  | — |  |  |  | 185,800 |
Long term assets |  |  | 12,401 |  |  |  | (3,325 | ) |  |  | 9,076 |
Total assets acquired |  |  | 269,105 |  |  |  | (4,242 | ) |  |  | 264,863 |
Current liabilities |  |  | (74,463 | ) |  |  | 10,910 |  |  |  | (63,553 | )
Deferred revenue |  |  | (23,018 | ) |  |  | (8,191 | ) |  |  | (31,209 | )
Deferred and other tax liabilities |  |  | (16,934 | ) |  |  | (6,162 | ) |  |  | (23,096 | )
Long term liabilities |  |  | (4,248 | ) |  |  | 2,168 |  |  |  | (2,080 | )
Total liabilities assumed |  |  | (118,663 | ) |  |  | (1,275 | ) |  |  | (119,938 | )
Net assets acquired |  |  | 150,442 |  |  |  | (5,517 | ) |  |  | 144,925 |
Goodwill |  |  | 108,008 |  |  |  | 5,517 |  |  |  | 113,525 |
Total purchase price |  | $ | 258,450 |  |  | $ | — |  |  | $ | 258,450 |
|  | Preliminary Purchase |  |  |  |  |  |  | Final Purchase |
Description |  | Price Allocation |  |  | Adjustments |  |  | Price Allocation |
Cash, cash equivalents and restricted cash |  | $ | 4,262 |  |  | $ | (209 | ) |  | $ | 4,053 |
Current assets |  |  | 3,671 |  |  |  |  |  |  |  | 3,671 |
Property and equipment |  |  | 385 |  |  |  |  |  |  |  | 385 |
Intangible assets |  |  | 112,000 |  |  |  | 7,000 |  |  |  | 119,000 |
Total assets acquired |  |  | 120,318 |  |  |  | 6,791 |  |  |  | 127,109 |
Current liabilities |  |  | (4,290 | ) |  |  | (1,876 | ) |  |  | (6,166 | )
Deferred revenue |  |  | (18,396 | ) |  |  |  |  |  |  | (18,396 | )
Deferred tax liabilities |  |  | (21,615 | ) |  |  | (6 | ) |  |  | (21,621 | )
Total liabilities assumed |  |  | (44,301 | ) |  |  | (1,882 | ) |  |  | (46,183 | )
Net assets acquired |  |  | 76,017 |  |  |  | 4,909 |  |  |  | 80,926 |
Goodwill |  |  | 309,967 |  |  |  | (4,909 | ) |  |  | 305,058 |
Total purchase price |  | $ | 385,984 |  |  | $ | — |  |  | $ | 385,984 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] |
Description |  | Amount |  |  | Life (in years) |
Trademark/tradename – Skillsoft |  | $ | 84,700 |  |  | indefinite |
Trademark/tradename – SumTotal |  |  | 5,800 |  |  |  | 9.6 |
Courseware |  |  | 186,600 |  |  |  | 5 |
Proprietary delivery and development software |  |  | 114,598 |  |  |  | 2.5 - 7.6 |
Publishing Rights |  |  | 41,100 |  |  |  | 5 |
Customer relationships |  |  | 271,400 |  |  |  | 12.6 |
Backlog |  |  | 60,900 |  |  |  | 4.6 |
Total |  | $ | 765,098 |  |  |  |  |
Description |  | Amount |  |  | Life (in years) |
Trademark/tradename |  | $ | 25,400 |  |  |  | 17.6 |
Courseware |  |  | 1,500 |  |  |  | 3 |
Proprietary delivery and development software |  |  | 2,500 |  |  |  | 0.6 |
Vendor relationships |  |  | 43,900 |  |  |  | 2.6 |
Customer relationships |  |  | 112,700 |  |  |  | 10.6 |
Total |  | $ | 186,000 |  |  |  |  |
Description |  | Amount |  |  | Life (in years) |
Tradename |  | $ | 44,000 |  |  |  | 13.8 |
Developed technology |  |  | 43,000 |  |  |  | 5 |
Content |  |  | 17,000 |  |  |  | 5 |
Customer relationships |  |  | 15,000 |  |  |  | 5.8 |
Total |  | $ | 119,000 |  |  |  |  |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | Unaudited Pro Forma |
|  | Statement of Operations |
|  | Twelve months ended January 31, |
|  | 2023 |  |  | 2022 |
Revenue |  | $ | 563,182 |  |  | $ | 587,999 |
Net loss from continuing operations |  |  | (153,640 | ) |  |  | (129,774 | )

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
Name: | us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration