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Intangible Assets
3 Months Ended
Apr. 30, 2019
Intangible Assets Net Excluding Goodwill [Abstract]  
Intangible Assets

Note 5. Intangible Assets

 

The following schedule presents the details of intangible assets as of April 30, 2019 (dollar amounts in thousands):

 

 

 

April 30, 2019

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

 

carrying

 

 

Accumulated

 

 

 

 

 

 

useful life

 

 

 

amount

 

 

amortization

 

 

Net

 

 

(in years)

 

Existing technology

 

$

3,880

 

 

$

(3,843

)

 

$

37

 

 

 

0.9

 

Database

 

 

4,939

 

 

 

(4,609

)

 

 

330

 

 

 

0.9

 

Customer contracts and relationships

 

 

33,643

 

 

 

(13,201

)

 

 

20,442

 

 

 

6.4

 

Software

 

 

10,867

 

 

 

(8,725

)

 

 

2,142

 

 

 

0.9

 

Brand

 

 

1,141

 

 

 

(1,141

)

 

 

 

 

 

 

 

 

$

54,470

 

 

$

(31,519

)

 

$

22,951

 

 

 

 

 

 

 

 

The following schedule presents the details of intangible assets as of January 31, 2019 (dollar amounts in thousands):

 

 

 

January 31, 2019

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

 

carrying

 

 

Accumulated

 

 

 

 

 

 

useful life

 

 

 

amount

 

 

amortization

 

 

Net

 

 

(in years)

 

Existing technology

 

$

3,880

 

 

$

(3,834

)

 

$

46

 

 

 

1.2

 

Database

 

 

4,939

 

 

 

(4,521

)

 

 

418

 

 

 

1.2

 

Customer contracts and relationships

 

 

33,643

 

 

 

(12,350

)

 

 

21,293

 

 

 

6.6

 

Software

 

 

10,867

 

 

 

(8,156

)

 

 

2,711

 

 

 

1.2

 

Brand

 

 

1,141

 

 

 

(1,088

)

 

 

53

 

 

 

0.2

 

 

 

$

54,470

 

 

$

(29,949

)

 

$

24,521

 

 

 

 

 

 

 

 

Amortization expense associated with intangible assets was $1.6 million and $1.8 million for the three months ended April 30, 2019 and 2018, respectively.

The estimated amortization expense for intangible assets, for the next five years and thereafter is as follows as of April 30, 2019 (in thousands):

 

 

 

Estimated

 

 

 

amortization

 

Period

 

expense

 

Remaining for Fiscal 2020

 

$

4,492

 

Fiscal 2021

 

 

3,629

 

Fiscal 2022

 

 

3,182

 

Fiscal 2023

 

 

3,182

 

Fiscal 2024

 

 

3,182

 

Thereafter

 

 

5,284

 

Total

 

$

22,951