Goodwill and Intangible Assets

9 Months Ended

Oct. 31, 2023

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill was $440 million as of both October 31, 2023 and January 31, 2023.

The following schedule presents the details of intangible assets as of October 31, 2023 (dollar amounts in thousands):

	October 31, 2023
	Gross carrying amount		Accumulated amortization		Net		Remaining useful life (in years)
Existing technology	$	28,580	$	(19,581)	$	8,999	2.2
Customer relationships	113,157		(58,869)		54,288		5.5
Trade name/trademarks	13,900		(11,260)		2,640		1.0
Other intangibles	21,405		(19,413)		1,992		2.4
Total intangible assets	$	177,042	$	(109,123)	$	67,919

The following schedule presents the details of intangible assets as of January 31, 2023 (dollar amounts in thousands):

	January 31, 2023
	Gross carrying amount		Accumulated amortization		Net		Remaining useful life (in years)
Existing technology	$	28,580	$	(16,418)	$	12,162	2.9
Customer relationships	113,157		(50,293)		62,864		6.1
Trade name/trademarks	13,900		(9,285)		4,615		1.8
Other intangibles	21,405		(18,570)		2,835		3.0
Total intangible assets	$	177,042	$	(94,566)	$	82,476

Amortization expense associated with intangible assets was $5 million and $15 million for the three and nine months ended October 31, 2023, respectively, and $5 million and $15 million for the three and nine months ended October 31, 2022, respectively.

As of October 31, 2023, the estimated amortization expense for intangible assets was as follows (in thousands):

Fiscal Year	Estimated amortization expense
Remaining for 2024	$	4,901
2025	18,557
2026	14,147
2027	8,922
2028	7,778
Thereafter	13,614
Total	$	67,919