Acquisition of SpringCM Inc. (Tables)

12 Months Ended

Jan. 31, 2020

Business Combinations [Abstract]

Acquisition Date Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the acquisition date fair values of assets acquired and liabilities assumed at the date of acquisition:

(in thousands)	September 4, 2018
Cash and cash equivalents	$	6,950
Accounts receivable and other assets	10,542
Property and equipment	6,108
Goodwill	159,097
Intangible assets	73,000
Contract liabilities	(9,973)
Other liabilities	(12,948)
Deferred tax liability	(7,047)
	$	225,729

Estimated Useful Lives

The estimated useful lives, primarily based on the expected period of benefit to us, and fair values of the identifiable intangible assets at acquisition date were as follows:

(in thousands, except years)	Estimated Fair Value		Expected Useful Life
Existing technology	$	11,900	3 years
Customer relationships—subscription	54,200		9 years
Backlog—subscription	6,400		2 years
Tradenames / trademarks	500		1 year
Total intangible assets	$	73,000

Unaudited Pro Forma Results

The unaudited pro forma results have been prepared based on estimates and assumptions, which we believe are reasonable, however, they are not necessarily indicative of the consolidated results of operations had the acquisition occurred on February 1, 2017, or of future results of operations:

	(Unaudited)
	Year Ended January 31,
(in thousands, except per share data)	2019		2018
Revenue	$	720,321	$	544,680
Net loss	(459,895)		(69,078)
Net loss per share attributable to common stockholders, basic and diluted	(3.40)		(2.18)