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Intangible Assets
3 Months Ended
Apr. 30, 2017
Intangible Assets Net Excluding Goodwill [Abstract]  
Intangible Assets

Note 4. Intangible Assets

 

The following schedule presents the details of intangible assets as of April 30, 2017 (dollar amounts in thousands):

 

 

April 30, 2017

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

carrying

 

 

Accumulated

 

 

 

 

 

 

useful life

 

 

amount

 

 

amortization

 

 

Net

 

 

(in years)

 

Existing technology

$

3,880

 

 

$

(2,927

)

 

$

953

 

 

 

1.4

 

Database

 

4,939

 

 

 

(3,588

)

 

 

1,351

 

 

 

2.4

 

Customer contracts and relationships

 

33,643

 

 

 

(6,113

)

 

 

27,530

 

 

 

8.2

 

Software

 

10,867

 

 

 

(4,053

)

 

 

6,814

 

 

 

2.9

 

Brand

 

1,141

 

 

 

(516

)

 

 

625

 

 

 

1.9

 

 

$

54,470

 

 

$

(17,197

)

 

$

37,273

 

 

 

 

 

 

 

 

The following schedule presents the details of intangible assets as of January 31, 2017 (dollar amounts 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

 

 

 

 

 

 

 

 

Amortization expense associated with intangible assets was $2.0 million and $2.1 million for the three months ended April 30, 2017 and 2016, respectively.

The estimated amortization expense for intangible assets, for the next five years and thereafter is as follows as of April 30, 2017 (in thousands):

 

 

Estimated

 

 

amortization

 

Period

expense

 

Fiscal 2018

$

5,797

 

Fiscal 2019

 

6,955

 

Fiscal 2020

 

6,062

 

Fiscal 2021

 

3,629

 

Fiscal 2022

 

3,182

 

Thereafter

 

11,648

 

Total

$

37,273