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Acquired Intangible Assets
12 Months Ended
Jan. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Acquired Intangible Assets

4. Acquired Intangible Assets

Intangible assets acquired in a business combination are recorded under the purchase method of accounting at their estimated fair values at the date of acquisition. The Company amortizes acquired intangible assets over their estimated useful lives. The following table reflects the fair value of certain identifiable intangible assets acquired from science + computing AG on November 30, 2011 and related estimates of useful lives:

 

     Fair
Value
     Useful
Life
(Years)
 

Intellectual property

   $ 3,505         10   

Access to facilities contract

     38         1   
  

 

 

    

Total

   $ 3,543      
  

 

 

    

 

The following table reflects the carrying value of intangible assets as of January 31, 2014:

 

     Cost      Accumulated
Amortization
    Net Book
Value
 

Intellectual property

   $ 3,505       $ (760   $ 2,745   

Access to facilities contract

     38         (38     —     
  

 

 

    

 

 

   

 

 

 

Total

   $ 3,543       $ (798   $ 2,745   
  

 

 

    

 

 

   

 

 

 

The following table reflects the carrying value of intangible assets as of January 31, 2013:

 

 

     Cost      Accumulated
Amortization
    Net Book
Value
 

Intellectual property

   $ 3,505       $ (409   $ 3,096   

Access to facilities contract

     38         (38     —     
  

 

 

    

 

 

   

 

 

 

Total

   $ 3,543       $ (447   $ 3,096   
  

 

 

    

 

 

   

 

 

 

Amortization expense of intangible assets was $351, $383 and $64 for the fiscal years ended January 31, 2014, 2013 and 2012, respectively.

The following table presents the expected future amortization expense related to the Company’s acquired intangible assets for the next five fiscal years and thereafter as of January 31, 2014:

 

2015

   $ 351   

2016

     350   

2017

     351   

2018

     350   

2019

     351   

2020 and thereafter

     992   
  

 

 

 
   $ 2,745