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Note 3 - Intangible Assets

3 Months Ended

Apr. 30, 2025

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

(3)    Intangible Assets

Intangible assets consisted of the following (in thousands):

		April 30, 2025																January 31, 2025
		Weighted Average Remaining Life				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Weighted Average Remaining Life				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Developed software/courseware			1.9			$	369,728			$	257,749			$	111,979				2.0			$	365,108			$	238,941			$	126,167
Customer contracts/relationships			8.4				269,334				106,998				162,336				8.6				267,286				96,777				170,509
Trademarks and trade names			11.3				52,927				11,405				41,522				11.5				52,378				10,161				42,217
Publishing rights			1.1				41,100				31,944				9,156				1.4				41,100				29,889				11,211
Backlog			0.7				49,700				49,271				429				0.9				49,700				49,128				572
Skillsoft trademark			Indefinite				76,545				—				76,545				Indefinite				76,545				—				76,545
Total intangible assets						$	859,334			$	457,367			$	401,967							$	852,117			$	424,896			$	427,221

Amortization expense related to the existing finite-lived intangible assets is expected to be as follows (in thousands) for the fiscal years ended  January 31:

		Amortization Expense
2026 (nine months remaining)		$	95,088
2027			81,342
2028			40,517
2029			29,410
2030			22,845
Thereafter			56,220
Total future amortization		$	325,422

Amortization expense related to intangible assets in the aggregate was $31.6 million for both the three months ended April 30, 2025 and  April 30, 2024.

Refer to Note 5 “Intangible Assets” to the 2025 AFS for information regarding impairment review requirements and assumption uncertainty. This process was completed for the three months ended April 30, 2025 and we concluded that there were no indicators of impairment for our intangible assets or reporting units.

A roll forward of goodwill is as follows (in thousands):

		TDS				GK				Consolidated
Goodwill January 31, 2025		$	287,650			$	29,421			$	317,071
Increase (decrease)			—				—				—
Goodwill April 30, 2025		$	287,650			$	29,421			$	317,071

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

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