Goodwill and Acquired Intangible Assets

12 Months Ended

Jan. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Note 8. Goodwill and Acquired Intangible Assets

Goodwill was $74.5 million and $18.7 million as of January 31, 2022 and 2021, respectively. Goodwill acquired during the year ended January 31, 2022 included the acquisitions of SignRequest and Cloud FastPath described in Note 7 and others, partially offset by the effect of foreign currency translation. We did not record any goodwill impairment during the years ended January 31, 2022 and 2021.

Acquired intangible assets are included in other long-term assets in the 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		3.31	$	22,711	$	(5,003	)	$	17,708
Balance as of January 31, 2022			$	22,711	$	(5,003	)	$	17,708

Acquired intangible assets are amortized on a straight-line basis over the useful life. The net carrying value is partially offset by the effect of foreign currency translation. Acquired intangible assets amortization was $5.1 million for the fiscal year ended January 31, 2022. We did not record any acquired intangible assets amortization during the fiscal year ended January 31, 2021. Amortization of acquired developed technology is included in cost of revenue in the consolidated statements of operations. We did not have any acquired intangible assets as of January 31, 2021.

As of January 31, 2022, expected amortization expense for acquired intangible assets was as follows (in thousands):


Fiscal years ending January 31:
2023	$	5,740
2024		5,740
2025		3,423
2026		2,748
Thereafter		57
Total	$	17,708