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Acquired Intangible Assets
3 Months Ended
Apr. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Acquired Intangible Assets

Note 5: Acquired Intangible Assets

 

The gross value, accumulated amortization and carrying values of acquired intangible assets were as follows (in thousands):

 

 

 

 

 

As of April 30, 2023

 

As of January 31, 2023

 

 

Estimated life
(in years)

 

Gross
Value

 

Accumulated Amortization

 

Carrying
Value

 

Gross
Value

 

Accumulated Amortization

 

Carrying
Value

Customer relationships

 

 

5-7

 

$

14,745

 

$

(5,407)

 

$

9,338

 

$

14,745

 

$

(4,775)

 

$

9,970

Developed technology

 

 

2-5

 

 

2,219

 

 

(1,966)

 

 

253

 

 

2,219

 

 

(1,891)

 

 

328

Trade names

 

 

2-5

 

 

684

 

 

(553)

 

 

131

 

 

684

 

 

(519)

 

 

165

Total intangible assets

 

 

 

 

$

17,648

 

$

(7,926)

 

$

9,722

 

$

17,648

 

$

(7,185)

 

$

10,463

Amortization expense was $0.7 million and $0.3 million for each of the three months ended April 30, 2023 and 2022, respectively.

At April 30, 2023, the estimated future amortization expense for intangible assets is as follows (in thousands):

Fiscal Years Ending January 31,

 

 

 

 

Total

2023 remainder

 

 

 

 

$

2,066

2024

 

 

 

 

 

2,579

2025

 

 

 

 

 

2,435

2026

 

 

 

 

 

1,880

2027

 

 

 

 

 

762

Total

 

 

 

 

$

9,722