Goodwill and Acquired Intangible Assets

9 Months Ended

Oct. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Note 7. Goodwill and Acquired Intangible Assets

Goodwill was $75.9 million and $18.7 million as of October 31, 2021 and January 31, 2021, respectively. Goodwill acquired during the nine months ended October 31, 2021 included the acquisitions of SignRequest and Cloud FastPath described in Note 6 and others, partially offset by the effect of foreign currency translation. We did not record any goodwill impairment during the nine months ended October 31, 2021 and 2020.

Acquired intangible assets are included in other long-term assets in the condensed consolidated balance sheets. Acquired intangible assets consisted of the following (in thousands):


	Weighted-Average Remaining Useful Life (Years)		Gross Value		Accumulated Amortization			Net Carrying Value
Developed technology		3.58	$	23,187	$	(3,637	)	$	19,550
Balance as of October 31, 2021			$	23,187	$	(3,637	)	$	19,550

Acquired intangible assets are amortized on a straight-line basis over the useful life. Acquired intangible assets amortization was $1.5 million and $3.6 million for the three and nine months ended October 31, 2021, respectively. We did not record any acquired intangible assets amortization during the nine months ended October 31, 2020. Amortization of acquired developed technology is included in cost of revenue in the condensed consolidated statements of operations. We did not have any acquired intangible assets as of January 31, 2021.

As of October 31, 2021, expected amortization expense for acquired intangible assets was as follows (in thousands):


Fiscal years ending January 31:
Remainder of 2022	$	1,458
2023		5,835
2024		5,835
2025		3,524
2026		2,843
Thereafter		55
Total	$	19,550