Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets acquired in a business combination.

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 April 30, 2025, software license liabilities of approximately $6.1 million were recorded in accrued and other current liabilities and approximately $0.4 million were recorded in other long-term liabilities in the condensed consolidated balance sheets.

The components of intangible assets as of April 30, 2025 and January 31, 2025 were as follows:


	As of April 30, 2025							As of January 31, 2025
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(in thousands)
Software licenses	$	47,254	$	(22,130	)	$	25,124	$	45,051	$	(18,755	)	$	26,296
Developed technology		21,200		(10,746	)		10,454		21,200		(9,989	)		11,211
Customer relationships		13,200		(5,133	)		8,067		13,200		(4,767	)		8,433
Trade name		2,500		(1,250	)		1,250		2,500		(1,161	)		1,339
Total intangible assets, net	$	84,154	$	(39,259	)	$	44,895	$	81,951	$	(34,672	)	$	47,279

During the three months ended April 30, 2025, there were approximately $2.5 million of software licenses purchased and approximately $0.3 million of software licenses retired. The amortization expense associated with software licenses was approximately $3.5 million and $3.0 million for the three months ended April 30, 2025 and 2024, respectively. The amortization expense associated with acquisition-related intangible assets, including developed technology, customer relationships and trade name, was approximately $1.2 million and $1.2 million for the three months ended April 30, 2025 and 2024, respectively. As of April 30, 2025, the Company has not commenced amortization with respect to approximately $5.7 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 the intangible assets as of April 30, 2025 is as follows:


	As of
	April 30, 2025
Fiscal Year	(in thousands)
2026 (9 months remaining)	$	11,405
2027		8,565
2028		7,282
2029		5,925
2030		3,532
Thereafter		8,186
Total future amortization expenses:	$	44,895

Goodwill and 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 they may be impaired. There were no goodwill and intangible asset impairments for the three months ended April 30, 2025 and 2024, respectively.