Goodwill and Intangible Assets

9 Months Ended

Oct. 31, 2021

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill was $437 million as of October 31, 2021 and $436 million as of January 31, 2021.

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

	October 31, 2021
	Gross carrying amount		Accumulated amortization		Net		Remaining useful life (in years)
Existing technology	$	26,180	$	(11,171)	$	15,009	4.0
Customer relationships	111,357		(35,976)		75,381		7.3
Trade name/trademarks	13,900		(5,980)		7,920		3.0
Other intangibles	21,405		(17,156)		4,249		5.1
	$	172,842	$	(70,283)	$	102,559

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 $5 million and $14 million for the three and nine months ended October 31, 2021, respectively, and $5 million and $15 million for the three and nine months ended October 31, 2020, respectively.

As of October 31, 2021, the estimated amortization expense for intangible assets was as follows (in thousands):

Fiscal Year	Estimated amortization expense
Remaining for 2022	$	4,694
2023	18,623
2024	18,619
2025	17,717
2026	13,309
Thereafter	29,597
Total	$	102,559