Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill (Tables)

v3.21.2
Intangible Assets and Goodwill (Tables)
9 Months Ended
Oct. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Acquired 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 
Summary of Expected Future Amortization Expenses Related to Intangible Assets
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 
Summary of Changes in Carrying Amounts of 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