Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill

v3.21.1
Intangible Assets and Goodwill
3 Months Ended
Apr. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill

7.  Intangible Assets and Goodwill

Intangible Assets, Net

Acquired intangible assets, net consisted of the following as of April 30, 2021 (in thousands):

 

 

 

Intangible Assets,

Gross

 

 

Accumulated

Amortization

 

 

Intangible

Assets,

Net

 

 

Weighted-

Average

Remaining

Useful Life

(Years)

 

Developed technology

 

$

19,623

 

 

$

(4,095

)

 

$

15,528

 

 

 

4.0

 

Customer relationships

 

 

5,053

 

 

 

(291

)

 

 

4,762

 

 

 

3.0

 

Trade names and trademarks

 

 

172

 

 

 

(39

)

 

 

133

 

 

 

2.5

 

Total

 

$

24,848

 

 

$

(4,425

)

 

$

20,423

 

 

 

 

 

 

Acquired intangible assets, net consisted of the following as of January 31, 2021 (in thousands):

 

 

 

Intangible Assets,

Gross

 

 

Accumulated

Amortization

 

 

Intangible

Assets,

Net

 

 

Weighted-

Average

Remaining

Useful Life

(Years)

 

Developed technology

 

$

13,083

 

 

$

(3,350

)

 

$

9,733

 

 

 

3.7

 

Customer relationships

 

 

527

 

 

 

(111

)

 

 

416

 

 

 

3.8

 

Trade names and trademarks

 

 

66

 

 

 

(24

)

 

 

42

 

 

 

1.8

 

Total

 

$

13,676

 

 

$

(3,485

)

 

$

10,191

 

 

 

 

 

 

We record amortization expense associated with acquired developed technology in cost of licenses revenue and cost of maintenance and support revenue, trade names and trademarks in sales and marketing expense, and customer relationships in sales and marketing expense in the condensed consolidated statements of operations. Amortization of acquired intangible assets for the three months ended April 30, 2021 and 2020 was $0.9 million and $0.6 million, respectively.

The expected future amortization expenses related to intangible assets as of April 30, 2021 were as follows (in thousands):

 

 

 

Amount

 

Remainder of year ending January 31, 2022

 

$

4,194

 

Year ending January 31,

 

 

 

 

2023

 

 

5,587

 

2024

 

 

5,568

 

2025

 

 

3,534

 

2026

 

 

1,320

 

Thereafter

 

 

220

 

Total

 

$

20,423

 

 

Goodwill

The changes in the carrying amounts of goodwill during the period were as follows (in thousands):

 

 

 

Carrying

Amount

 

Balance as of January 31, 2021

 

$

28,059

 

Acquisition of Cloud Elements

 

 

30,465

 

Effect of foreign currency translation

 

 

(46

)

Balance as of April 30, 2021

 

$

58,478