Intangible Assets and Goodwill

6 Months Ended

Jul. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Acquired intangible assets, net consisted of the following as of July 31, 2022 (dollars in thousands):


	Intangible Assets, Gross		Accumulated Amortization		Intangible Assets, Net		Weighted- Average Remaining Useful Life (in years)
Developed technology	$	27,763	$	(7,885)	$	19,878	4.0
Customer relationships	8,112		(2,257)		5,855		2.4
Trade names and trademarks	268		(208)		60		1.5
Other intangibles	1,231		(168)		1,063		8.0
Total	$	37,374	$	(10,518)	$	26,856

Acquired intangible assets, net consisted of the following as of January 31, 2022 (dollars in thousands):


	Intangible Assets, Gross		Accumulated Amortization		Intangible Assets, Net		Weighted- Average Remaining Useful Life (in years)
Developed technology	$	18,627	$	(6,584)	$	12,043	3.4
Customer relationships	5,010		(1,479)		3,531		2.2
Trade names and trademarks	274		(185)		89		1.9
Other intangibles	1,231		(77)		1,154		8.3
Total	$	25,142	$	(8,325)	$	16,817

We record amortization expense associated with acquired developed technology in cost of licenses revenue and cost of subscription services revenue, trade names and trademarks in sales and marketing expense, customer relationships in sales and marketing expense, and other intangibles in general and administrative expense in the condensed consolidated statements of operations. Amortization of acquired intangible assets for the three months ended July 31, 2022 and 2021 was $1.3 million and $1.4 million, respectively. Amortization of acquired intangible assets for the six months ended July 31, 2022 and 2021 was $2.7 million and $2.3 million, respectively.

Expected future amortization expense related to intangible assets was as follows as of July 31, 2022 (in thousands):


	Amount
Remainder of year ending January 31, 2023	$	4,205
Year ending January 31,
2024	8,392
2025	6,464
2026	4,002
2027	2,367
Thereafter	1,426
Total	$	26,856

Goodwill

Changes in the carrying amount of goodwill during the six months ended July 31, 2022 were as follows (in thousands):


	Carrying Amount
Balance as of January 31, 2022	$	53,564
Acquisition of Re:infer	34,285
Effect of foreign currency translation	(1,669)
Balance as of July 31, 2022	$	86,180