Acquisitions (Tables)

12 Months Ended

Jan. 31, 2020

Business Combinations [Abstract]

Estimated Fair Values of Assets and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands):

	Useful lives of intangible assets	Fair value
Net assets acquired		$	1,221
Identifiable intangible assets:
Customer relationships	10 years	$	7,700
Existing technology	6 years	3,300
Trade name/Trademarks	3 years	700
Purchased intangible assets		$	11,700
Goodwill		$	28,083
Total purchase price		$	41,004

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands):

	Useful lives of intangible assets	Fair value
Net assets acquired		$	4,766
Identifiable intangible assets:
Customer relationships	10 years	$	70,100
Existing technology	6 years	19,200
Trade name/Trademarks	5 years	13,200
Other intangibles	1 to 7 years	6,000
Purchased intangible assets		$	108,500
Goodwill		$	314,642
Total purchase consideration		$	427,908

Schedule of Pro Forma Information from Business Acquisition

Accordingly, these unaudited pro forma results are presented for information purpose only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the acquisition had occurred at the beginning of the period presented, nor are they indicative of future results of operations (in thousands):

	For the fiscal year ended January 31,
	2020		2019
	(Unaudited)
Pro forma revenues	$	1,153,497	$	913,081
Pro forma net income	$	278,215	$	201,382
Pro forma net income per share:
Basic	$	1.88	$	1.40
Diluted	$	1.76	$	1.29