Goodwill and Other Intangible Assets

9 Months Ended

Oct. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Note 6. Goodwill and Other Intangible Assets

Goodwill

The following table represents the changes in goodwill (in thousands):

Balance at January 31, 2017	$	6,306
Additions from acquisition		30,840
Balance at October 31, 2017	$	37,146

The increase in goodwill is due to the acquisition of Trade Extensions as discussed in Note 3.

Other Intangible Assets

The following table summarizes the other intangible asset balances (in thousands):

	As of
	October 31, 2017							January 31, 2017
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Developed technology	$	17,085	$	(3,385	)		13,700	$	7,210	$	(1,393	)		5,817
Customer relationships		3,174		(376	)		2,798		74		(43	)		31
Trademarks		160		(79	)		81		-		-			-
In-process research and development		650		-			650		-		-			-
Total other intangible assets	$	21,069	$	(3,840	)	$	17,229	$	7,284	$	(1,436	)	$	5,848

Amortization expense related to other intangible assets was approximately $942,000 and $212,000 for the three months ended October 31, 2017 and 2016, respectively, and $2.4 million and $644,000 for the nine months ended October 31, 2017 and 2016, respectively.

As of October 31, 2017, the future amortization expense of other intangible assets is as follows (in thousands):

Year Ending January 31,
2018 (remaining three months)	$	870
2019		3,221
2020		3,111
2021		3,092
2022		2,996
Thereafter		3,289
Total	$	16,579

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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