BUSINESS COMBINATIONS (Tables)

3 Months Ended

Apr. 30, 2013

BUSINESS COMBINATIONS [Abstract]

Fair values of assets acquired and liabilities assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands):

Tangible assets, including cash acquired of $0.4 million...........................................................................................................................................................................................................................................	$	1,423
Goodwill..........................................................................................................................................................................................................................................................................................................................		2,456
Other intangible assets...................................................................................................................................................................................................................................................................................................		3,450
Total assets acquired......................................................................................................................................................................................................................................................................................................		7,329
Liabilities assumed.........................................................................................................................................................................................................................................................................................................		(1,233	)
Deferred tax liability......................................................................................................................................................................................................................................................................................................		(1,209	)
Net assets acquired.....................................................................................................................................................................................................................................................................................................	$	4,887

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands):

Tangible assets, including cash acquired of $2.8 million	$	4,250
Goodwill		2,231
Other intangible assets		3,500
Total assets acquired		9,981
Liabilities assumed		(2,032	)
Deferred tax liability		(450	)
Net assets acquired	$	7,499

Acquired intangible assets

Identified intangible assets will be amortized to cost of license fees and operating expense based upon the nature of the asset ratably over the estimated useful life, as detailed in the table below (in thousands, except year amounts):

	Estimated useful life (years)		Fair value		Estimated annual amortization		Statement of operations classification
Software technology............................................................................................		2 - 5	$	1,750	$	320-395	Cost of license fees
Customer relationships.......................................................................................		5		1,500		300	Amortization of intangibles from acquisitions
Trade name...........................................................................................................		5		200		40	Amortization of intangibles from acquisitions
			$	3,450

Identified intangible assets will be amortized to cost of license fees and operating expense based upon the nature of the asset ratably over the estimated useful life, as detailed in the table below (in thousands, except year amounts):

	Estimated useful life (years)		Fair value		Estimated annual amortization		Statement of operations classification
Software technology		5	$	1,800	$	360	Cost of license fees
Customer relationships		5		1,400		280	Amortization of intangibles    from acquisitions
Trade name		5		300		60	Amortization of intangibles from acquisitions
			$	3,500