Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill

v3.21.2
Intangible Assets and Goodwill
9 Months Ended
Oct. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets, Net
Acquired intangible assets, net consisted of the following as of October 31, 2021 (dollars in thousands): 
  Intangible Assets,
Gross
Accumulated
Amortization
Intangible
Assets,
Net
Weighted-
Average
Remaining
Useful Life
(in years)
Developed technology $ 19,043  $ (5,821) $ 13,222  3.6
Customer relationships 5,028  (1,086) 3,942  2.5
Trade names and trademarks 276  (173) 103  2.1
Other intangibles 1,231  (31) 1,200  8.5
Total $ 25,578  $ (7,111) $ 18,467 
Acquired intangible assets, net consisted of the following as of January 31, 2021 (dollars in thousands):
  Intangible Assets,
Gross
Accumulated
Amortization
Intangible
Assets,
Net
Weighted-
Average
Remaining
Useful Life
(in 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 subscription services revenue, trade names and trademarks in sales and marketing expense, customer relationships in sales and marketing expense, and other intangibles in general and administrative expense in the condensed consolidated statements of operations. Amortization of acquired intangible assets for the three months ended October 31, 2021 and 2020 was $1.4 million and $0.7 million, respectively. Amortization of acquired intangible assets for the nine months ended October 31, 2021 and 2020 was $3.7 million and $1.9 million, respectively.
The expected future amortization expenses related to intangible assets as of October 31, 2021 were as follows (in thousands):
  Amount
Remainder of year ending January 31, 2022 $ 1,414 
Year ending January 31,
2023 5,643 
2024 5,612 
2025 3,601 
2026 1,449 
Thereafter 748 
Total $ 18,467 
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 27,686 
Effect of foreign currency translation (1,288)
Balance as of October 31, 2021 $ 54,457