Goodwill and Intangible Assets

12 Months Ended

Jan. 31, 2021

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Goodwill was $436 million and $439 million as of January 31, 2021 and January 31, 2020, respectively.

The following schedule presents the details of intangible assets as of January 31, 2021 (dollar amounts in thousands):


	January 31, 2021
	Gross carrying amount		Accumulated amortization		Net		Remaining useful life (in years)
Existing technology	$	26,180	$	(8,367)	$	17,813	4.8
Customer relationships	110,643		(27,741)		82,902		8.0
Trade name and trademarks	13,900		(4,005)		9,895		3.8
Other intangibles	20,453		(16,468)		3,985		5.1
Total intangible assets	$	171,176	$	(56,581)	$	114,595

The following schedule presents the details of intangible assets as of January 31, 2020 (dollar amounts in thousands):


	January 31, 2020
	Gross carrying amount		Accumulated amortization		Net		Remaining useful life (in years)
Existing technology	$	26,380	$	(4,808)	$	21,572	5.8
Customer relationships	111,443		(17,575)		93,868		9.0
Trade name and trademarks	13,900		(720)		13,180		4.7
Other intangibles	22,947		(16,966)		5,981		5.0
Total intangible assets	$	174,670	$	(40,069)	$	134,601

Amortization expense associated with intangible assets was $20 million, $10 million, and $7 million for the fiscal years ended January 31, 2021, 2020, and 2019 respectively.

As of January 31, 2021, the estimated amortization expense for intangible assets, for the next five years and thereafter is as follows (in thousands):




Fiscal 2022	$	18,163
Fiscal 2023	18,163
Fiscal 2024	18,160
Fiscal 2025	17,417
Fiscal 2026	13,166
Thereafter	29,526
Total	$	114,595

The following schedule presents the details of goodwill as of January 31, 2021:



Balance as of January 31, 2019	$	95,804
Goodwill from Crossix acquisition	314,642
Goodwill from Physicians World acquisition	28,083
Balance as of January 31, 2020	438,529
Purchase price goodwill reduction from Crossix tax adjustments	(2,500)
Balance as of January 31, 2021	$	436,029