Goodwill and Acquired Intangible Assets

9 Months Ended

Oct. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquired Intangible Assets

Note 7. Goodwill and Acquired Intangible Assets

Goodwill was $70.7 million and $74.5 million as of October 31, 2022 and January 31, 2022, respectively, and included the acquisitions of SignRequest and Cloud FastPath described in Note 6 and others. Goodwill balances were partially offset by the effect of foreign currency translation. We did not record any goodwill impairment during the nine months ended October 31, 2022 and 2021.

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
Balance as of January 31, 2022		3.31	$	22,711	$	(5,003	)	$	17,708
Developed technology		2.26		160		(4,356	)		(4,196	)
Balance as of October 31, 2022		2.56	$	22,871	$	(9,359	)	$	13,512

Acquired intangible assets are amortized on a straight-line basis over the useful life. Amortization of acquired developed technology is included in cost of revenue in the condensed consolidated statements of operations.

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

Fiscal years ending January 31:
2023	$	1,452
2024		5,808
2025		3,490
2026		2,762
Total	$	13,512