v3.23.1
Balance Sheet Components
3 Months Ended
Apr. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Balance Sheet Components Balance Sheet Components
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
April 30, 2023January 31, 2023
Data center and other computer equipment$351,174 $297,585 
Capitalized internal-use software and website development costs128,263 113,276 
Leasehold improvements24,747 24,944 
Purchased software9,019 6,384 
Furniture and equipment7,395 7,412 
Construction in progress245,732 259,013 
766,330 708,614 
Less: Accumulated depreciation and amortization(242,609)(216,279)
Property and equipment, net$523,721 $492,335 
Construction in progress primarily includes data center equipment purchased that has not yet been placed in service. Data center equipment that was purchased but not yet been placed into service was $226.1 million as of April 30, 2023.
Depreciation and amortization expense of property and equipment was $26.4 million and $16.3 million during the three months ended April 30, 2023 and April 30, 2022, respectively.
There was no impairment of property and equipment during the three months ended April 30, 2023 and April 30, 2022. The Company capitalized $16.6 million and $8.1 million in internal-use software and website development costs during the three months ended April 30, 2023 and April 30, 2022, respectively. Amortization expense associated with internal-use software and website development costs totaled $7.5 million and $4.3 million during the three months ended April 30, 2023 and April 30, 2022, respectively. The net book value of capitalized internal-use software and website development costs was $75.5 million and $66.3 million as of April 30, 2023 and January 31, 2023, respectively.
Intangible Assets, Net
Total intangible assets, net consisted of the following (dollars in thousands):
April 30, 2023Weighted-Average
Remaining 
Useful
Life
Gross Carrying AmountAccumulated AmortizationNet Amount
(in months)
Developed technology$101,467 $29,458 $72,009 65
Customer relationships12,044 4,290 7,755 59
Other acquired intangible assets5,220 1,769 3,451 144
Total$118,732 $35,516 $83,215 
January 31, 2023Weighted-Average
Remaining 
Useful
Life
Gross Carrying AmountAccumulated AmortizationNet Amount
(in months)
Developed technology$101,452 $25,866 $75,586 68
Customer relationships12,032 3,831 8,201 61
Other acquired intangible assets4,717 1,615 3,102 147
Total$118,201 $31,312 $86,889 
Amortization expense of intangible assets was $4.2 million and $4.1 million during the three months ended April 30, 2023 and April 30, 2022, respectively.
The estimated aggregate future amortization expense of intangible assets as of April 30, 2023 is as follows (in thousands):
Total
Fiscal 2024 (remaining nine months) $12,308 
Fiscal 202516,409 
Fiscal 202615,322 
Fiscal 202713,147 
Fiscal 202812,634 
Thereafter13,395 
Total amortization expense$83,215 
The developed technology, customer relationships, and other acquired intangible assets are amortized over their estimated useful lives, generally on a straight-line basis, for periods ranging from 2 to 20 years.
Goodwill
The changes in goodwill during the three months ended April 30, 2023 consisted of the following (in thousands):
Amounts
Goodwill as of January 31, 2023$430,645 
Foreign currency translation110 
Goodwill as of April 30, 2023$430,755 
Accrued Expenses
Accrued expenses consisted of the following (in thousands):
April 30, 2023January 31, 2023
Web hosting services$33,729 $65,589 
Accrued marketing14,202 11,435 
Accrued professional services13,390 13,281 
Other accrued expenses11,596 11,247 
Accrued purchases of property and equipment8,204 20,157 
Accrued partner commissions 5,623 5,800 
Accrued interest expense4,750 10,375 
Accrued expenses$91,494 $137,884 
Accrued Payroll and Benefits
Accrued payroll and benefits consisted of the following (in thousands):
April 30, 2023January 31, 2023
Accrued commissions$46,396 $77,287 
Employee Stock Purchase Plan40,814 17,475 
Accrued payroll and related expenses38,395 39,907 
Accrued bonuses25,494 34,098 
Accrued payroll and benefits$151,099 $168,767