Note 4 - Intangible Assets

3 Months Ended

Apr. 30, 2026

Notes to Financial Statements

Intangible Asset and Goodwill [Text Block]

(4) Intangible Assets

Intangible assets consisted of the following (in thousands, except for remaining life):

		*April 30, 2026*																*January 31, 2026*
		*Weighted Average Remaining Life (in years)*				*Gross Carrying Amount*				*Accumulated Amortization*				*Net Carrying Amount*				*Weighted Average Remaining Life (in years)*				*Gross Carrying Amount*				*Accumulated Amortization*				*Net Carrying Amount*
Developed software/courseware			2.3			$	384,787			$	334,209			$	50,579				1.9			$	381,712			$	314,716			$	66,996
Customer contracts/relationships			7.5				234,600				124,915				109,685				7.5				234,600				117,832				116,768
Trademarks and trade names			9.7				44,000				12,146				31,854				10.3				44,000				11,217				32,783
Publishing rights			0.1				41,100				40,164				936				0.4				41,100				38,109				2,991
Skillsoft trademark			Indefinite				65,600				—				65,600				Indefinite				65,600				—				65,600
Total intangible assets						$	770,087			$	511,434			$	258,654							$	767,012			$	481,874			$	285,138

Amortization expense related to our existing finite-lived intangible assets is expected to be as follows (in thousands) for the fiscal years ended January 31:

		*Amortization Expense*
2027 (nine months remaining)		$	50,268
2028			40,043
2029			29,055
2030			22,079
2031			16,729
Thereafter			34,880
Total future amortization		$	193,054

Amortization expense related to intangible assets in the aggregate was $29.6 million and $30.1 million for the three months ended April 30, 2026 and April 30, 2025, respectively.

Our goodwill as of the dates indicated is as follows (in thousands):

														*Impairment*
														*For the Three*
		*As of April 30, 2026*												*Months Ended*				*As of January 31, 2026*
		*Gross*				*Accumulated*				*Net*				*April 30,*				*Gross*				*Accumulated*				*Net*
		*Goodwill*				*Impairment*				*Goodwill*				*2026*				*Goodwill*				*Impairment*				*Goodwill*
TDS		$	986,055			$	(698,405	)		$	287,650			$	—			$	986,055			$	(698,405	)		$	287,650

Intangible Asset Impairment Review Requirements and Assumption Uncertainty

Refer to Note 4 “Intangible Assets” to the 2026 AFS for information regarding impairment review requirements and assumption uncertainty. This process was completed for the three months ended April 30, 2026, and we concluded that there were no impairment indicators related to the intangible assets of our continuing operations (our TDS reporting unit). For information regarding goodwill, intangible assets and long-lived asset impairments associated with our discontinued operations (our former GK reporting unit), see Note 3, "Discontinued Operations and Assets Held for Sale".