The following table presents the changes in the carrying value of goodwill (in thousands):


	Carrying Amount
Balance as of January 31, 2024	$	220,541
Goodwill arising from acquisitions	4,006
Foreign currency translation impact	(4,819)
Balance as of January 31, 2025	$	219,728

Foreign currency translation impact	21,581
Balance as of January 31, 2026	$	241,309

There were no impairments of goodwill recognized during the years ended January 31, 2026, 2025 and 2024, respectively.

Intangible assets consisted of the following (in thousands, except years data):


	As of January 31, 2026
	Weighted-Average Remaining Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net Amount
Customer relationships	7.7	29,978		(11,167)		18,811
Domain names	11.8	587		(124)		463
Total intangible assets		$	30,565	$	(11,291)	$	19,274


	As of January 31, 2025
	Weighted-Average Remaining Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net Amount
Trade names	15.2	$	43,579	$	(8,601)	$	34,978
Customer relationships	8.6	27,989		(7,921)		20,068
Developed technology	0.3	507		(422)		85
Domain names	12.8	587		(85)		502
Total intangible assets		$	72,662	$	(17,029)	$	55,633

During the years ended January 31, 2026, 2025, and 2024, amortization expense related to intangible assets of $41.3 million, $5.0 million, and $4.8 million, respectively, was recorded in sales and marketing expense, and $0.1 million, $0.3 million, and $1.5 million, respectively was recorded in cost of revenue within the consolidated statements of operations.

During the year ended January 31, 2026, we announced the retirement of the R&M brand for the purposes of conducting new corporate travel sales. As a result, we fully accelerated the recognition of amortization expense related to the R&M trade name intangible asset, and recognized $36.2 million of amortization expense recorded in sales and marketing expense during the year ended January 31, 2026.

The expected future amortization expenses related to intangible assets as of January 31, 2026 were as follows (in thousands):


Year Ended January 31,	Amount
2027	$	2,726
2028	2,526
2029	2,507
2030	2,427
2031	2,186
Thereafter	6,902
Total	$	19,274