The following table summarizes the changes in carrying amounts of goodwill (in thousands):


Balance as of January 31, 2026	$	227,938
Foreign exchange fluctuations	(4,785)
Balance as of July 31, 2026	$	223,153

There was no impairment recognized for the three and six months ended July 31, 2026 and 2025.


	July 31, 2026
	Cost (1)		Accumulated Amortization (1)		Net (1)		Useful Life
	(amounts in thousands, useful lives in years)
Customer relationships	$	95,345	$	(46,201)	$	49,144	10
Developed technology	19,099		(15,501)		3,598		6
	$	114,444	$	(61,702)	$	52,742

(1) Values are translated into U.S. Dollars at period-end foreign exchange rates.


	January 31, 2026
	Cost (1)		Accumulated Amortization (1)		Net (1)		Useful Life
	(amounts in thousands, useful lives in years)
Customer relationships	$	97,681	$	(42,442)	$	55,239	10
Developed technology	19,476		(14,181)		5,295		6
	$	117,157	$	(56,623)	$	60,534

(1) Values are translated into U.S. Dollars at period-end foreign exchange rates.

Amortization expense for customer relationships and developed technology is shown as sales and marketing and cost of revenue, respectively, in the condensed consolidated statements of operations. The acquired intangible assets and goodwill are subject to impairment review at least annually on December 31st.

Acquisition-related intangible assets included in the above table are finite-lived and are carried at cost less accumulated amortization. Intangible assets are being amortized on a straight-line basis over their estimated lives, which approximates the pattern in which the economic benefits of the intangible assets are expected to be realized.

The following table presents the amortization expense related to intangible assets:


	Three Months Ended July 31,				Six Months Ended July 31,
	2026		2025		2026		2025
	(in thousands)
Amortization expense	$	3,181	$	3,178	$	6,395	$	6,219