Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill

v3.22.1
Intangible Assets and Goodwill
3 Months Ended
Apr. 30, 2022
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 April 30, 2022 (dollars in thousands): 
  Intangible Assets,
Gross
Accumulated
Amortization
Intangible
Assets,
Net
Weighted-
Average
Remaining
Useful Life
(in years)
Developed technology $ 17,956  $ (7,176) $ 10,780  3.2
Customer relationships 4,982  (1,866) 3,116  2.0
Trade names and trademarks 270  (196) 74  1.7
Other intangibles 1,231  (123) 1,108  8.2
Total $ 24,439  $ (9,361) $ 15,078 
Acquired intangible assets, net consisted of the following as of January 31, 2022 (dollars in thousands):
  Intangible Assets,
Gross
Accumulated
Amortization
Intangible
Assets,
Net
Weighted-
Average
Remaining
Useful Life
(in years)
Developed technology $ 18,627  $ (6,584) $ 12,043  3.4
Customer relationships 5,010  (1,479) 3,531  2.2
Trade names and trademarks 274  (185) 89  1.9
Other intangibles 1,231  (77) 1,154  8.3
Total $ 25,142  $ (8,325) $ 16,817 
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 April 30, 2022 and 2021 was $1.4 million and $0.9 million, respectively.
Expected future amortization expense related to intangible assets was as follows as of April 30, 2022 (in thousands):
  Amount
Remainder of year ending January 31, 2023 $ 4,058 
Year ending January 31,
2024 5,385 
2025 3,438 
2026 1,449 
2027 338 
Thereafter 410 
Total $ 15,078 
Goodwill
Changes in the carrying amount of goodwill during the three months ended April 30, 2022 were as follows (in thousands):
  Carrying
Amount
Balance as of January 31, 2022 $ 53,564 
Effect of foreign currency translation (1,441)
Balance as of April 30, 2022 $ 52,123