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Intangible Assets (Tables)
12 Months Ended
Jan. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

Intangible assets are included in other long-term assets in the consolidated balance sheets. Intangible assets consisted of the following (in thousands):

 

 

 

January 31,

 

 

 

2024

 

 

2023

 

Internally developed software

 

$

68,133

 

 

$

44,812

 

Acquired developed technology

 

 

23,939

 

 

 

22,871

 

On-premises software

 

 

17,523

 

 

 

17,340

 

Total intangible assets

 

 

109,595

 

 

 

85,023

 

Less: accumulated amortization

 

 

(62,820

)

 

 

(45,853

)

Total intangible assets, net

 

$

46,775

 

 

$

39,170

 

 

Schedule of Expected Amortization Expense for Intangible Assets

As of January 31, 2024, expected amortization expense for intangible assets was as follows (in thousands):

 

Years ending January 31:

 

 

 

2025

 

$

12,884

 

2026

 

 

8,873

 

2027

 

 

1,450

 

Total

 

$

23,207

 

 

As of January 31, 2024, we capitalized internally developed software of $23.6 million for numerous projects that were not yet ready for their intended use. The majority of these projects, which generally have a useful life of three years, are expected to commence amortization in fiscal year 2025.