Goodwill and Intangible Assets

6 Months Ended

Jul. 31, 2020

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill as of July 31, 2020 and January 31, 2020 was $439 million.

The following schedule presents the details of intangible assets as of July 31, 2020 (dollar amounts in thousands):

	July 31, 2020
	Gross carrying amount		Accumulated amortization		Net	Remaining useful life (in years)
Existing technology	$	26,180	$	(6,480)	19,700	5.3
Customer relationships	110,643		(22,227)		88,416	8.5
Trade name/Trademarks	13,900		(2,240)		11,660	4.1
Other intangibles	20,453		(15,809)		4,644	5.3
	$	171,176	$	(46,756)	124,420

The following schedule presents the details of intangible assets as of January 31, 2020 (dollar amounts in thousands):

	January 31, 2020
	Gross carrying amount		Accumulated amortization		Net	Remaining useful life (in years)
Existing technology	$	26,380	$	(4,808)	21,572	5.8
Customer relationships	111,443		(17,575)		93,868	9.0
Trade name/Trademarks	13,900		(720)		13,180	4.7
Other intangibles	22,947		(16,966)		5,981	5.0
	$	174,670	$	(40,069)	134,601

Amortization expense associated with intangible assets was $5 million and $10 million for the three and six months ended July 31, 2020, respectively, and $2 million and $3 million for the three and six months ended July 31, 2019, respectively.

As of July 31, 2020, the estimated amortization expense for intangible assets, for the next five years and thereafter is as follows (in thousands):

Period	Estimated amortization expense
Remaining for Fiscal 2021	$	9,826
Fiscal 2022	18,163
Fiscal 2023	18,163
Fiscal 2024	18,160
Fiscal 2025	17,417
Thereafter	42,691
Total	$	124,420