Goodwill and Intangible Assets

12 Months Ended

Jan. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Intangible Assets

Goodwill

As of January 31, 2020 and 2019, the Company had goodwill of $4.5 million and $4.7 million, respectively. The changes to goodwill during these periods were due to foreign currency translation adjustments.

The Company conducted its annual impairment test for goodwill as of November 1^st for each of the fiscal years ended January 31, 2020 and 2019. As a result of the annual tests and interim impairment assessments, the Company determined that goodwill was not impaired and that no events occurred or circumstances changed that would more likely than not reduce the fair value of the Company's reporting unit below its carrying amount. However, if certain events occur or circumstances change, it may be necessary to record impairment charges in the future.

Intangible Assets

The Company’s intangible assets with definite lives are amortized on a straight-line basis over their estimated useful lives, which range from 5 to 15 years. Intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. The Company has no indefinite-lived intangible assets.

The Company determined that no events occurred or circumstances changed during the fiscal years ended January 31, 2020 and 2019 that would indicate that its intangible assets with finite lives may not be recoverable. However, if certain events occur or circumstances change, it may be necessary to record impairment charges in the future.

The following table summarizes the Company's intangible assets with remaining net book value as of the following periods:

January 31, 2020
(in thousands)	Gross Fair Value		Accumulated Amortization		Foreign Currency Impact		Net Book Value		Weighted Average Remaining Useful Life
Domains	$	365	$	(99)	$	—	$	266	11.0
Customer relationships	5,256		(2,946)		(1,233)		1,077		1.9
Intangible assets as of January 31, 2020	$	5,621	$	(3,045)	$	(1,233)	$	1,343	3.7
January 31, 2019
(in thousands)	Gross Fair Value		Accumulated Amortization		Foreign Currency Impact		Net Book Value		Weighted Average Remaining Useful Life
Domains	$	365	$	(75)	$	—	$	290	12.0
Customer relationships	5,256		(2,371)		(1,233)		1,652		2.9
Trade names and trademarks	112		(84)		(10)		18		0.9
Intangible assets as of January 31, 2019	$	5,733	$	(2,530)	$	(1,243)	$	1,960	4.2

For the fiscal years ended January 31, 2020, 2019 and 2018, amortization expense related to intangible assets totaled $0.6 million, $0.6 million and $0.7 million, respectively.

As of January 31, 2020, the future amortization expense of intangible assets was as follows (in thousands):

Fiscal year ending January 31,
2021	$	587
2022	540
2023	24
2024	24
2025	24
2026 and thereafter	144
Total	$	1,343