Goodwill and Intangible Assets

3 Months Ended

Apr. 30, 2020

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Goodwill and Intangible Assets

Intangible Assets

Goodwill as of April 30, 2020 and January 31, 2020 was $439 million for both periods presented.

The following schedule presents the details of intangible assets as of April 30, 2020 (dollar amounts in thousands):

	April 30, 2020
	Gross carrying amount		Accumulated amortization			Net	Remaining useful life (in years)
Existing technology	$	26,380	$	(5,737	)	20,643	5.5
Customer relationships	111,443		(20,272		)	91,171	8.7
Trade name/Trademarks	13,900		(1,426		)	12,474	4.4
Other intangibles	22,947		(17,832		)	5,115	5.3
	$	174,670	$	(45,267	)	129,403

The following schedule presents the details of intangible assets as of January 31, 2020 (dollar amounts in thousands):

	January 31, 2020
	Gross carrying amount		Accumulated amortization			Net	Remaining useful life (in years)
Existing technology	$	26,380	$	(4,808	)	21,572	5.8
Customer relationships	111,443		(17,575		)	93,868	9.0
Trade name/Trademarks	13,900		(720		)	13,180	4.7
Other intangibles	22,947		(16,966		)	5,981	5.0
	$	174,670	$	(40,069	)	134,601

Amortization expense associated with intangible assets was $5 million and $2 million for the three months ended April 30, 2020 and 2019, respectively.

As of April 30, 2020, the estimated amortization expense for intangible assets, for the next five years and thereafter is as follows (in thousands):

Period	Estimated amortization expense
Remaining for Fiscal 2021	$	14,396
Fiscal 2022	18,397
Fiscal 2023	18,342
Fiscal 2024	18,160
Fiscal 2025	17,417
Thereafter	42,691
Total	$	129,403