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Acquired Intangible Assets
3 Months Ended
Apr. 30, 2024
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, 2024

 

As of January 31, 2024

 

 

Estimated life
(in years)

 

Gross
Value

 

Accumulated Amortization

 

Carrying
Value

 

Gross
Value

 

Accumulated Amortization

 

Carrying
Value

Developed technology

 

 

2-7

 

$

20,618

 

$

(3,572)

 

$

17,046

 

$

20,618

 

$

(2,865)

 

$

17,753

Customer relationships

 

 

5-7

 

 

16,545

 

 

(8,035)

 

 

8,510

 

 

16,545

 

 

(7,336)

 

 

9,209

Trade names

 

 

2-5

 

 

1,685

 

 

(773)

 

 

912

 

 

1,685

 

 

(695)

 

 

990

Total intangible assets

 

 

 

 

$

38,848

 

$

(12,380)

 

$

26,468

 

$

38,848

 

$

(10,896)

 

$

27,952

Amortization expense was $1.5 million and $0.7 million for each of the three months ended April 30, 2024 and 2023, respectively.

At April 30, 2024, the estimated future amortization expense for intangible assets is as follows (in thousands):

Fiscal Years Ending January 31,

 

 

 

 

Total

2025 remainder

 

 

 

 

$

4,282

2026

 

 

 

 

 

5,624

2027

 

 

 

 

 

5,068

2028

 

 

 

 

 

3,950

2029

 

 

 

 

 

3,030

Thereafter

 

 

 

 

 

4,514

Total

 

 

 

 

$

26,468