Goodwill

9 Months Ended

Oct. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill

The changes in the carrying amount of goodwill for the periods presented were as follows (in thousands):

	October 31, 2021		January 31, 2021
Balance at beginning of period	$	46,823	$	47,100
Business combination	3,023		—
Effect of exchange rates	5		(277)
Balance at end of period	$	49,851	$	46,823

On September 6, 2021, the Company acquired certain assets from a privately held company in a transaction that qualified as a business combination. Goodwill consists primarily of expected synergies of the acquired workforce and growth opportunities, none of which qualify as separately identifiable intangible assets. This business combination was not material to the unaudited condensed consolidated financial statements.