Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.19.1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Apr. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Change in Carrying Amount of Goodwill The following table represents the changes in goodwill since January 31, 2019:

 

 

Goodwill

 

 

 

(Amounts in

thousands)

 

Balance as of January 31, 2019:

 

$

8,753

 

Goodwill arising from the Xstream acquisition

 

 

1,221

 

Cumulative translation adjustment

 

 

(162

)

Balance as of April 30, 2019:

 

$

9,812

 

Schedule of Intangible Assets

Intangible assets, net, consisted of the following at April 30, 2019:

 

 

 

As of April 30, 2019

 

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

 

(Amounts in thousands)

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

Acquired customer contracts

 

$

2,233

 

 

$

185

 

 

$

2,048

 

Acquired existing technology

 

 

1,352

 

 

 

113

 

 

 

1,239

 

Total finite-lived intangible assets

 

$

3,585

 

 

$

298

 

 

$

3,287

 

Schedule of Amortization Expense of Intangible Assets in Cost of Revenue and Operating Expense

We recognized amortization expense of intangible assets in cost of revenue and operating expense categories as follows:

 

 

 

For the Three Months ended April 30,

 

 

 

2019

 

 

2018

 

 

 

(Amounts in thousands)

 

Cost of revenue

 

$

 

 

$

178

 

Selling and marketing

 

 

185

 

 

 

145

 

Research and development

 

 

113

 

 

 

81

 

 

 

$

298

 

 

$

404

 

Schedule of Future Estimated Amortization Expense of Acquired Intangibles

Future estimated amortization expense of acquired intangibles as of April 30, 2019 is as follows:

 

For the Fiscal Years Ended January 31,

 

Estimated

Amortization

Expense

 

 

 

(Amounts in

thousands)

 

2020

 

$

897

 

2021

 

 

1,195

 

2022

 

 

1,195

 

2023 and thereafter

 

 

 

Total

 

$

3,287