Intangible Assets and Goodwill |
Note 5. Intangible Assets and Goodwill
The following schedule presents the details of intangible assets as of January 31, 2017 (in thousands):
|
January 31, 2017 |
|
|
Gross |
|
|
|
|
|
|
|
|
|
|
Remaining |
|
|
Carrying |
|
|
Accumulated |
|
|
|
|
|
|
Useful Life |
|
|
Amount |
|
|
Amortization |
|
|
Net |
|
|
(in years) |
|
Existing technology |
$ |
3,880 |
|
|
$ |
(2,733 |
) |
|
$ |
1,147 |
|
|
|
1.6 |
|
Database |
|
4,939 |
|
|
|
(3,291 |
) |
|
|
1,648 |
|
|
|
2.5 |
|
Customer contracts and relationships |
|
33,643 |
|
|
|
(5,245 |
) |
|
|
28,398 |
|
|
|
8.5 |
|
Software |
|
10,867 |
|
|
|
(3,481 |
) |
|
|
7,386 |
|
|
|
3.2 |
|
Brand |
|
1,141 |
|
|
|
(437 |
) |
|
|
704 |
|
|
|
2.2 |
|
|
$ |
54,470 |
|
|
$ |
(15,187 |
) |
|
$ |
39,283 |
|
|
|
|
|
The following schedule presents the details of intangible assets as of January 31, 2016 (in thousands):
|
January 31, 2016 |
|
|
Gross |
|
|
|
|
|
|
|
|
|
|
Remaining |
|
|
Carrying |
|
|
Accumulated |
|
|
|
|
|
|
Useful Life |
|
|
Amount |
|
|
Amortization |
|
|
Net |
|
|
(in years) |
|
Existing technology |
$ |
3,880 |
|
|
$ |
(1,957 |
) |
|
$ |
1,923 |
|
|
|
2.6 |
|
Database |
|
4,939 |
|
|
|
(2,103 |
) |
|
|
2,836 |
|
|
|
3.0 |
|
Customer contracts and relationships |
|
33,643 |
|
|
|
(1,693 |
) |
|
|
31,950 |
|
|
|
9.4 |
|
Software |
|
10,867 |
|
|
|
(1,106 |
) |
|
|
9,761 |
|
|
|
4.2 |
|
Brand |
|
1,141 |
|
|
|
(111 |
) |
|
|
1,030 |
|
|
|
3.2 |
|
|
$ |
54,470 |
|
|
$ |
(6,970 |
) |
|
$ |
47,500 |
|
|
|
|
|
Amortization expense associated with intangible assets for the fiscal years ended January 31, 2017, 2016 and 2015 was $8.2 million, $4.3 million and $1.7 million, respectively.
The estimated amortization expense for intangible assets for the next five years and thereafter is as follows (in thousands):
|
Estimated |
|
|
Amortization |
|
Period |
Expense |
|
Fiscal 2018 |
$ |
7,798 |
|
Fiscal 2019 |
|
6,964 |
|
Fiscal 2020 |
|
6,062 |
|
Fiscal 2021 |
|
3,629 |
|
Fiscal 2022 |
|
3,182 |
|
Thereafter |
|
11,648 |
|
Total |
$ |
39,283 |
|
|