Goodwill And Intangible Assets, Net

3 Months Ended

Apr. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

Goodwill represents the excess of the purchase price in a business combination of the fair value of net assets acquired. Goodwill amounts are not amortized, but rather tested for impairment at least annually during the fourth quarter. The changes in the goodwill are as follows (in thousands):

Balance as of January 31, 2019	$	16,745
Acquisitions	61,748
Foreign currency exchange	831
Balance as of January 31, 2020	79,324
Acquisition	20,583
Foreign currency exchange	(1,666)
Balance as of April 30, 2020	$	98,241

The changes in intangible assets for fiscal 2021 and the net book value of intangible assets as of April 30, 2020, and January 31, 2020, were as follows (in thousands):

	Intangible Assets, Gross						Accumulated Amortization						Intangible Assets, Net
	January 31, 2020		Identifiable Intangible Assets Acquired (1)		April 30, 2020		January 31, 2020		Amortization Expense		April 30, 2020		January 31, 2020		April 30, 2020		Weighted Average Remaining Useful Life (Years)
Developed technology	$	18,670	$	2,826	$	21,496	$	(3,473)	$	(981)	$	(4,454)	$	15,197	$	17,042	4.3
Customer relationships	5,237		1,983		7,220		(351)		(329)		(680)		4,886		6,540		4.5
Trademarks	1,320		365		1,685		(97)		(79)		(176)		1,223		1,509		4.5
	$	25,227	$	5,174	$	30,401	$	(3,921)	$	(1,389)	$	(5,310)	$	21,306	$	25,091

The changes in intangible assets for fiscal 2020 and the net book value of intangible assets as of January 31, 2020 and January 31, 2019, were as follows (in thousands):

	Intangible Assets, Gross						Accumulated Amortization						Intangible Assets, Net
	January 31, 2019		Identifiable Intangible Assets Acquired (1)		January 31, 2020		January 31, 2019		Amortization Expense		January 31, 2020		January 31, 2019		January 31, 2020		Weighted Average Remaining Useful Life (Years)
Developed technology	$	1,900	$	16,770	$	18,670	$	(1,594)	$	(1,879)	$	(3,473)	$	306	$	15,197	4.3
Customer relationships	—		5,237		5,237		—		(351)		(351)		—		4,886		4.5
Trademarks	—		1,320		1,320		—		(97)		(97)		—		1,223		4.5
	$	1,900	$	23,327	$	25,227	$	(1,594)	$	(2,327)	$	(3,921)	$	306	$	21,306

(1) Amounts also include any changes in intangible asset balances for the periods presented that resulted from foreign currency translation.

The total amortization expense for intangible assets was $1.4 million and $0.1 million for the three months ended April 30, 2020 and 2019.

Amortization expense related to the intangible assets is as follows (in thousands):

Year Ending January 31:
Remainder of 2021	$	4,388
2022	5,713
2023	5,713
2024	5,713
2025	3,503
Thereafter	61
Total	$	25,091