Goodwill And Intangible Assets, Net

6 Months Ended

Jul. 31, 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
Acquisitions	64,544
Foreign currency exchange	(406)
Balance as of July 31, 2020	$	143,462

The changes in intangible assets for fiscal 2021 and the net book value of intangible assets as of July 31, 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)		July 31, 2020		January 31, 2020		Amortization Expense		July 31, 2020		January 31, 2020		July 31, 2020		Weighted Average Remaining Useful Life (Years)
Developed technology	$	18,670	$	10,731	$	29,401	$	(3,473)	$	(2,415)	$	(5,888)	$	15,197	$	23,513	4.3
Customer relationships	5,237		6,743		11,980		(351)		(938)		(1,289)		4,886		10,691		4.5
Trademarks	1,320		691		2,011		(97)		(181)		(278)		1,223		1,733		4.3
	$	25,227	$	18,165	$	43,392	$	(3,921)	$	(3,534)	$	(7,455)	$	21,306	$	35,937

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

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	4.5
Customer relationships	—		5,237		5,237		—		(351)		(351)		—		4,886		4.7
Trademarks	—		1,320		1,320		—		(97)		(97)		—		1,223		4.6
	$	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 $2.1 million and $3.5 million for the three and six months ended July 31, 2020 and was $0.3 million and $0.4 million for the three and six months ended July 31, 2019.

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

Year Ending January 31:
Remainder of 2021	$	4,209
2022	8,306
2023	8,306
2024	8,306
2025	6,116
Thereafter	694
Total	$	35,937