Acquisitions, Intangible Assets, and Goodwill (Tables)
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9 Months Ended |
Oct. 31, 2022 |
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| Acquisitions, Intangible Assets, And Goodwill [Abstract] |
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| Schedule of Recognized Identified Assets Acquired and Liabilities Assumed |
The following table presents the purchase consideration allocation recorded in the Company’s condensed consolidated balance sheet as of the acquisition date (in thousands): | | | | | | | Amount | Cash and cash equivalents | $ | 2,270 | | Accounts receivable | 409 | | | Other current assets | 50 | | Acquired intangible assets | 11,800 | | Goodwill | 19,889 | | Accounts payable | (49) | | Deferred revenue, current | (658) | | Accrued expenses and other current liabilities | (143) | | Deferred revenue, noncurrent | (99) | | Other liabilities | (747) | | Total acquisition consideration | $ | 32,722 | |
The following table presents the purchase consideration allocation recorded in the Company’s condensed consolidated balance sheet as of the acquisition date (in thousands): | | | | | | | Amount | Cash and cash equivalents | $ | 782 | | Accounts receivable | 430 | | Other current assets | 111 | | Property and equipment | 435 | | Acquired intangible assets | 17,200 | | Goodwill | 26,623 | | Other assets | 178 | | Accounts payable | (262) | | Deferred revenue, current | (340) | | Accrued expenses and other current liabilities | (788) | | Deferred revenue, noncurrent | (38) | | Other liabilities | (2,654) | | Total acquisition consideration | $ | 41,677 | |
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| Schedule of Identifiable Intangible Assets Acquired |
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands): | | | | | | | | | | | | | Total | | Useful Life
(in years) | | Developed technology | $ | 8,800 | | | 3 | | Customer relationships | 3,000 | | | 5 | | Intangible assets | $ | 11,800 | | | |
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| Schedule of Acquired Intangible Assets by Major Class |
Acquired intangible assets, net consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | October 31, 2022 | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Weighted Average Remaining Useful Life
(in years) | | Developed technology | $ | 41,926 | | | $ | (29,872) | | | $ | 12,054 | | | 1.6 | | Customer relationships | 3,000 | | | (834) | | | 2,166 | | | 3.7 | | Total | $ | 44,926 | | | $ | (30,706) | | | $ | 14,220 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | January 31, 2022 | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Weighted Average Remaining Useful Life
(in years) | | Developed technology | $ | 43,650 | | | $ | (20,046) | | | $ | 23,604 | | | 2.1 | | Customer relationships | 3,000 | | | (383) | | | 2,617 | | | 4.4 | | Total | $ | 46,650 | | | $ | (20,429) | | | $ | 26,221 | | | |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
As of October 31, 2022, future amortization expense related to acquired intangible assets was as follows (in thousands): | | | | | | | Amortization Expense | | Remainder of fiscal 2023 | $ | 2,054 | | | 2024 | 8,214 | | | 2025 | 3,136 | | | 2026 | 600 | | | 2027 | 216 | | | | | Total amortization expense | $ | 14,220 | |
As of January 31, 2022, future amortization expense related to acquired intangible assets was as follows (in thousands): | | | | | | | Amortization Expense | | 2023 | $ | 13,298 | | | 2024 | 8,789 | | | 2025 | 3,317 | | | 2026 | 600 | | | 2027 | 217 | | | Total amortization expense | $ | 26,221 | |
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| Schedule of Goodwill |
Changes in the carrying amount of goodwill for the nine months ended October 31, 2022 was as follows (in thousands): | | | | | | | Amounts | Balance as of January 31, 2022 | $ | 94,967 | | | | | Foreign currency translation | (2,669) | | Balance as of October 31, 2022 | $ | 92,298 | |
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