Goodwill and Intangible Assets

3 Months Ended

Apr. 30, 2021

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill was $436 million as of both April 30, 2021 and January 31, 2021.

The following schedule presents the details of intangible assets as of April 30, 2021 (dollar amounts in thousands):

	April 30, 2021
	Gross carrying amount		Accumulated amortization		Net		Remaining useful life (in years)
Existing technology	$	26,180	$	(9,281)	$	16,899	4.5
Customer relationships	110,643		(30,414)		80,229		7.8
Trade name/trademarks	13,900		(4,649)		9,251		3.5
Other intangibles	20,453		(16,666)		3,787		4.9
	$	171,176	$	(61,010)	$	110,166

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/trademarks	13,900		(4,005)		9,895		3.8
Other intangibles	20,453		(16,468)		3,985		5.1
	$	171,176	$	(56,581)	$	114,595

Amortization expense associated with intangible assets was $4 million and $5 million for the three months ended April 30, 2021 and 2020, respectively.

As of April 30, 2021, the estimated amortization expense for intangible assets, for the next five years and thereafter is as follows (in thousands):

Fiscal Year	Estimated amortization expense
Remaining for 2022	$	13,734
2023	18,163
2024	18,160
2025	17,417
2026	13,166
Thereafter	29,526
Total	$	110,166