Balance Sheet Components

3 Months Ended

Apr. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Components

Balance Sheet Components

Property and Equipment, Net

The cost and accumulated depreciation and amortization of property and equipment are as follows (in thousands):

	As of
	April 30, 2020		January 31, 2020
Computer equipment and software	$	23,106	$	22,489
Office furniture and equipment	12,824		12,672
Leasehold improvements	24,739		24,236
Property and equipment, gross	60,669		59,397
Less: accumulated depreciation and amortization	(40,091)		(37,409)
Property and equipment, net	$	20,578	$	21,988

Depreciation expense was $2.9 million and $3.2 million for the three months ended April 30, 2020 and 2019, respectively.

Intangible Assets

Intangible assets consisted of the following as of April 30, 2020 (in thousands):

	Gross Fair Value		Accumulated Amortization		Net Book Value		Weighted Average Remaining Useful Life (in years)
Developed technology	$	17,570	$	(12,113)	$	5,457	1.8
Customer relationships and other acquired intangible assets	671,447		(97,444)		574,003		8.7
Unbilled contracts	18,300		(12,200)		6,100		0.7
Total	$	707,317	$	(121,757)	$	585,560	8.5

Intangible assets consisted of the following as of January 31, 2020 (in thousands):

	Gross Fair Value		Accumulated Amortization		Net Book Value		Weighted Average Remaining Useful Life (in years)
Developed technology	$	17,570	$	(11,321)	$	6,249	2.0
Customer relationships and other acquired intangible assets	671,447		(80,847)		590,600		8.9
Unbilled contracts	18,300		(9,913)		8,387		0.9
Total	$	707,317	$	(102,081)	$	605,236	8.7

Amortization expense for intangible assets was $19.7 million and $20.2 million for the three months ended April 30, 2020 and 2019, respectively.

The expected future amortization expense of these intangible assets as of April 30, 2020 is as follows (in thousands):

Remaining nine months of fiscal 2021	$	58,265
fiscal 2022	69,074
fiscal 2023	66,722
fiscal 2024	66,211
fiscal 2025	66,160
fiscal 2026 and thereafter	259,128
Total amortization expense	$	585,560

Accrued Compensation

Accrued compensation consists of the following (in thousands):

	As of
	April 30, 2020		January 31, 2020
Accrued salaries, benefits and commissions	$	15,021	$	27,067
Accrued bonuses	9,796		13,409
Accrued compensation-related taxes	10,620		15,205
Employee stock purchase plan withholdings	7,266		2,732
Other	4,687		3,413
Total accrued compensation	$	47,390	$	61,826

Other Accrued Liabilities

Other accrued liabilities consist of the following (in thousands):

	As of
	April 30, 2020		January 31, 2020
Accrued professional costs	$	4,864	$	6,182
Accrued taxes	4,802		5,164
Accrued travel	232		1,574
Other (1)	11,268		9,377
Total other accrued liabilities	$	21,166	$	22,297

(1) Other includes amounts owed to third-party vendors that provide marketing, corporate event planning, cloud-computing services and self-insurance costs.