Intangible assets primarily consist of software licenses as well as developed technology, customer relationships and trade name that were acquired from business combinations.

The Company enters into certain software license agreements with third parties from time-to-time. The software licenses consist of noncancelable on-premise internal-use software and software with alternative use that is to be sold, leased or otherwise marketed as part of a product. The licenses have been capitalized as intangible assets and the corresponding future payments have been recorded as liabilities at net present value. As of January 31, 2025, software license liabilities of approximate $7.0 million were recorded in accrued and other current liabilities and $2.4 million were recorded in other long-term liabilities in the consolidated balance sheets.

The components of intangible assets as of January 31, 2025 and 2024 were as follows:


	As of January 31, 2025							As of January 31, 2024
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(in thousands)
Software licenses	$	45,051	$	(18,755	)	$	26,296	$	41,329	$	(12,029	)	$	29,300
Developed technology		21,200		(9,989	)		11,211		21,200		(6,961	)		14,239
Customer relationships		13,200		(4,767	)		8,433		13,200		(3,300	)		9,900
Trade name		2,500		(1,161	)		1,339		2,500		(803	)		1,697
Total intangible assets, net	$	81,951	$	(34,672	)	$	47,279	$	78,229	$	(23,093	)	$	55,136

During the twelve months ended January 31, 2025, there were approximately $10.1 million of software licenses purchased and approximately $6.4 million of software licenses expired. The amortization expense associated with software licenses was approximately $12.7 million, $11.5 million and $7.5 million for the fiscal years ended January 31, 2025, 2024 and 2023, respectively. The amortization expense associated with acquisition-related intangible assets, including developed technology, customer relationship and trade name, was approximately $4.9 million, $4.9 million and $4.9 million for the fiscal years ended January 31, 2025, 2024 and 2023, respectively. As of January 31, 2025, the Company has not commenced amortization with respect to approximately $3.8 million of software licenses with alternative uses that are to be sold, leased or otherwise marketed as part of products. Once the associated products are available for general release to customers, the Company will commence amortization on a product-by-product basis over the remaining estimated economic life of the products. The expected future amortization expense related to these intangible assets as of January 31, 2025 is as follows:


	As of
	January 31, 2025
Fiscal Year	(in thousands)
2026	$	15,895
2027		8,186
2028		6,879
2029		5,522
2030		3,129
Thereafter		7,668
Total future amortization expenses:	$	47,279

Intangible assets are tested for impairment at least annually, in the fourth fiscal quarter, or more frequently if events or changes in circumstances indicate that the assets may be impaired. There were no intangible asset impairments for the fiscal years ended January 31, 2025, 2024 and 2023, respectively.