The intangible assets primarily consist of $4.0 million of developed technology and $11.3 million of software licenses, net of amortization expense. In the third quarter of fiscal year 2022, the Company determined that the underlying project incorporating the in-process research and development (“IPR&D”) from the acquisition of VisLab S.r.l., or VisLab, was completed. As a result, the acquired $4.1 million of IPR&D was reclassified as definite-lived developed technology and will amortize over its estimated economic life of 7 years.

The Company enters into certain software license agreements with third parties from time-to-time. The software licenses consist of noncancelable on premise internal-use software and software with alternative use that is to be sold, leased or otherwise marketed as part of a product. The licenses have been capitalized as intangible assets, and the corresponding future payments have been recorded as liabilities at net present value. As of October 31, 2021, $5.7 million was recorded in accrued and other current liabilities and $2.6 million was recorded in other long-term liabilities in the condensed consolidated balance sheets. The carrying amounts of intangible assets as of October 31, 2021 and January 31, 2021 were as follows:

	As of October 31, 2021							As of January 31, 2021
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(in thousands)
In-process research and development	$	—	$	—		$	—	$	4,100	$	—		$	4,100
Developed technology		4,100		(147	)		3,953		—		—			—
Software licenses		21,708		(10,394	)		11,314		21,043		(6,440	)		14,603
Total intangible assets, net	$	25,808	$	(10,541	)	$	15,267	$	25,143	$	(6,440	)	$	18,703

The amortization expense related to the intangible assets was approximately $1.7 million and $1.7 million for the three months ended October 31, 2021 and 2020, respectively, and was approximately $4.7 million and $4.8 million for the nine months ended October 31, 2021 and 2020, respectively. The expected future amortization expense related to these intangible assets as of October 31, 2021 is as follows:

	As of
	October 31, 2021
Fiscal Year	(in thousands)
2022 (3 months remaining)	$	1,665
2023		7,292
2024		3,478
2025		782
2026		586
Thereafter		1,464
Total future amortization expenses:	$	15,267

The Company is required to test the impairment prior to changing the IPR&D from an indefinite-lived asset to a finite-lived asset. There were no intangible asset impairments for the three and nine months ended October 31, 2021 and 2020, respectively.