Goodwill and Intangible Assets

9 Months Ended

Oct. 31, 2020

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill was $436 million and $439 million as of October 31, 2020 and January 31, 2020, respectively.

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

	October 31, 2020
	Gross carrying amount		Accumulated amortization		Net		Remaining useful life (in years)
Existing technology	$	26,180	$	(7,422)	$	18,758	5.0
Customer relationships	110,643		(24,983)		85,660		8.3
Trade name/Trademarks	13,900		(3,341)		10,559		4.0
Other intangibles	20,453		(16,265)		4,188		5.4
	$	171,176	$	(52,011)	$	119,165

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 $15 million for the three and nine months ended October 31, 2020, respectively, and $2 million and $5 million for the three and nine months ended October 31, 2019, respectively.

As of October 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	$	4,570
Fiscal 2022	18,163
Fiscal 2023	18,163
Fiscal 2024	18,160
Fiscal 2025	17,417
Thereafter	42,692
Total	$	119,165