Goodwill And Intangible Assets

12 Months Ended

Jan. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 4 — GOODWILL AND INTANGIBLE ASSETS

The changes in the carrying amount of goodwill, by geographic segment, for the fiscal year ended January 31, 2016, are as follows (in thousands):



	Americas		Europe			Total
Balance as of February 1, 2015	$	5,442	$	193,123		$	198,565
Goodwill acquired during the year	14,117		—			14,117
Foreign currency translation adjustment	—		(8,568		)	(8,568		)
Balance as of January 31, 2016	$	19,559	$	184,555		$	204,114

In conjunction with the Company’s annual impairment testing, the Company’s goodwill was tested for impairment as of January 31, 2016. The results of the testing indicated that the fair value of the Company’s reporting units was greater than the carrying value. As a result, no goodwill impairment was recorded at January 31, 2016.

The Company's intangible assets consist of the following (in thousands):



	January 31, 2016						January 31, 2015
	Gross carrying amount		Accumulated amortization		Net book value		Gross carrying amount		Accumulated amortization		Net book value
Capitalized software and development costs	$	308,926	$	256,145	$	52,781	$	307,759	$	250,987	$	56,772
Customer and vendor relationships	184,894		95,865		89,029		180,659		82,512		98,147
Preferred supplier agreement	26,930		14,613		12,317		28,276		11,032		17,244
Other intangible assets	15,748		10,489		5,259		12,553		7,962		4,591
Total	$	536,498	$	377,112	$	159,386	$	529,247	$	352,493	$	176,754

The Company capitalized intangible assets of $29.2 million, $10.4 million and $19.0 million for the fiscal years ended January 31, 2016, 2015 and 2014, respectively. For fiscal 2016, these capitalized assets included acquired identifiable intangible assets (see also Note 5 - Acquisitions) and software and software development expenditures to be used in the Company's operations. For fiscal 2015 and 2014, these capitalized assets related primarily to software and software development expenditures to be used in the Company's operations and vendor relationships related to the Company's business acquisition during fiscal 2014 (see also Note 5 – Acquisitions).

Amortization expense for the fiscal years ended January 31, 2016, 2015 and 2014, totaled $41.0 million, $49.5 million and $51.8 million, respectively. Estimated amortization expense of capitalized software and development costs and other intangible assets (which includes customer and vendor relationships, a preferred supplier agreement and other intangible assets) is as follows (in thousands):



Fiscal year:	Capitalized software and development costs		Other intangible assets		Total
2017	$	16,115	$	21,927	$	38,042
2018	13,187		19,985		33,172
2019	9,098		16,833		25,931
2020	5,609		12,293		17,902
2021	3,570		11,870		15,440

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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