XML 24 R10.htm IDEA: XBRL DOCUMENT

Note 3 - Intangible Assets

6 Months Ended

Jul. 31, 2025

Goodwill and Intangible Assets Disclosure [Text Block]

(3) Intangible Assets

Intangible assets consisted of the following (in thousands, except for remaining life):

	*July 31, 2025*								*January 31, 2025*
	*Weighted Average Remaining Life (in years)*		*Gross Carrying Amount*		*Accumulated Amortization*		*Net Carrying Amount*		*Weighted Average Remaining Life (in years)*		*Gross Carrying Amount*		*Accumulated Amortization*		*Net Carrying Amount*
Developed software/courseware		1.8	$	373,884	$	276,326	$	97,558		2.0	$	365,108	$	238,941	$	126,167
Customer contracts/relationships		8.2		269,283		116,528		152,755		8.6		267,286		96,777		170,509
Trademarks and trade names		11.1		52,914		12,505		40,409		11.5		52,378		10,161		42,217
Publishing rights		0.9		41,100		33,999		7,101		1.4		41,100		29,889		11,211
Backlog		0.4		49,700		49,414		286		0.9		49,700		49,128		572
Skillsoft trademark		Indefinite		76,545		—		76,545		Indefinite		76,545		—		76,545
Total intangible assets			$	863,426	$	488,772	$	374,654			$	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 (six months remaining)	$	63,823
2027		82,474
2028		41,725
2029		30,225
2030		23,415
Thereafter		56,447
Total future amortization	$	298,109

Amortization expense related to intangible assets in the aggregate was $31.4 million, $63.1 million, $31.8 million and $63.4 million for the three and six months ended July 31, 2025 and the three and six months ended July 31, 2024, respectively.

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 six months ended July 31, 2025 and we concluded that there were no indicators of impairment for our intangible assets or reporting units.

Our goodwill as of the dates indicated is as follows (in thousands):

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