Intangible Assets (Tables)

3 Months Ended

Apr. 30, 2022

Schedule of intangible assets

Intangible assets consisted of the following (in thousands):

	April 30, 2022 (Successor)						January 31, 2022 (Successor)
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Amount		Amortization		Amount		Amount		Amortization		Amount
Developed software/ courseware	$	363,842	$	62,522	$	301,320	$	300,771	$	43,687	$	257,084
Customer contracts/ relationships		342,300		17,917		324,383		332,300		10,436		321,864
Vendor relationships		43,900		25,492		18,408		43,900		21,219		22,681
Trademarks and trade names		45,500		327		45,173		3,900		373		3,527
Publishing rights		41,100		7,284		33,816		41,100		5,229		35,871
Backlog		49,700		11,874		37,826		49,700		4,906		44,794
Skillsoft trademark		84,700		—		84,700		84,700		—		84,700
Global Knowledge trademark		25,400		2,808		22,592		25,400		2,062		23,338
Total	$	996,442	$	128,224	$	868,218	$	881,771	$	87,912	$	793,859

Schedule of amortization expense related to the existing finite-lived intangible assets

Amortization expense related to the existing finite-lived intangible assets is expected to be as follows (in thousands):

Fiscal Year	Amortization Expense
2023 (remaining 9 months)	$	129,296
2024		150,855
2025		130,179
2026		126,268
2027		80,415
Thereafter		166,505
Total	$	783,518

Schedule of goodwill

A roll forward of goodwill is as follows:

Description	Skillsoft		GK		Consolidated
Goodwill, net January 31, 2022 (Successor)	$	680,500	$	115,311	$	795,811
Foreign currency translation adjustment		(102)		(730)		(832)
Acquisition of Codecademy		309,967		—		309,967
Measurement period adjustments		—		(614)		(614)
Goodwill, net April 30, 2022 (Successor)	$	990,365	$	113,967	$	1,104,332