Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill (Tables)

v3.21.1
Intangible Assets and Goodwill (Tables)
 3 Months Ended
Apr. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of 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

 

 

 

 

 
Summary of Expected Future Amortization Expenses Related to Intangible Assets

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

 
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

 

 

30,465

 

Effect of foreign currency translation

 

 

(46

)

Balance as of April 30, 2021

 

$

58,478