Goodwill and Intangible Assets

6 Months Ended

Jul. 31, 2022

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill was $440 million as of July 31, 2022 and January 31, 2022.

The following schedule presents the details of intangible assets as of July 31, 2022 (dollar amounts in thousands):

	July 31, 2022
	Gross carrying amount		Accumulated amortization		Net		Remaining useful life (in years)
Existing technology	$	28,580	$	(14,284)	$	14,296	3.4
Customer relationships	113,157		(44,514)		68,643		6.6
Trade name/trademarks	13,900		(7,955)		5,945		2.3
Other intangibles	21,405		(18,001)		3,404		3.4
	$	177,042	$	(84,754)	$	92,288

The following schedule presents the details of intangible assets as of January 31, 2022 (dollar amounts in thousands):

	January 31, 2022
	Gross carrying amount		Accumulated amortization		Net		Remaining useful life (in years)
Existing technology	$	28,580	$	(12,187)	$	16,393	3.9
Customer relationships	113,157		(38,829)		74,328		7.0
Trade name/trademarks	13,900		(6,645)		7,255		2.8
Other intangibles	21,405		(17,441)		3,964		3.8
	$	177,042	$	(75,102)	$	101,940

Amortization expense associated with intangible assets was $5 million and $10 million for the three and six months ended July 31, 2022, respectively, and $5 million and $9 million for the three and six months ended July 31, 2021, respectively.

As of July 31, 2022, the estimated amortization expense for intangible assets was as follows (in thousands):

Fiscal Year	Estimated amortization expense
Remaining for 2023	$	9,812
2024	19,459
2025	18,557
2026	14,147
2027	8,922
Thereafter	21,391
Total	$	92,288