Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

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Goodwill and Intangible Assets
 3 Months Ended
Apr. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]

7. Goodwill and Intangible Assets

 

Goodwill

 

Changes in the carrying amount of goodwill for the three months ended April 30, 2013 were as follows (amounts in thousands):

 

    Goodwill  
       
Balance at January 31, 2013   $ 45,103  
Cumulative translation adjustment     (823 )
Balance at April 30, 2013   $ 44,280  

 

We are required to perform impairment tests related to our indefinite-lived assets annually, which we perform as of August 1st of each fiscal year, or sooner if an indicator of impairment occurs. Based on the results of the annual impairment test, no impairment of goodwill existed at August 1, 2012. Further, no triggering events have transpired that would indicate a potential impairment of goodwill as of the date of this Form 10-Q.

  

Intangible Assets

 

Intangible assets consisted of the following:

 

          As of April 30, 2013     As of January 31, 2013  
    Weighted average remaining life (Years)     Gross     Accumulated Amortization     Net     Gross     Accumulated Amortization     Net  
          (Amounts in thousands)  
Finite-lived intangible assets:                                          
Customer contracts     6.1     $ 32,132     $ (19,425 )   $ 12,707     $ 32,568     $ (18,756 )   $ 13,812  
Non-compete agreements     0.6       2,701       (2,356 )     345       2,769       (2,375 )     394  
Completed technology     5.2       11,219       (8,581 )     2,638       11,448       (8,437 )     3,011  
Trademarks and other     0.7       1,712       (1,634 )     78       1,726       (1,629 )     97  
Total finite-lived intangible assets           $ 47,764     $ (31,996 )   $ 15,768     $ 48,511     $ (31,197 )   $ 17,314  
Indefinite-lived intangible assets:                                                        
Trade names     Indefinite     $ 200     $ -     $ 200     $ 200     $ -     $ 200  
Total indefinite-lived intangible assets             200       -       200       200       -       200  
Total intangible assets           $ 47,964     $ (31,996 )   $ 15,968     $ 48,711     $ (31,197 )   $ 17,514  

 

As of April 30, 2013, the estimated future amortization expense for our finite-lived intangible assets for the remainder of fiscal year 2014, the four succeeding fiscal years and thereafter is as follows (amounts in thousands):

 

Fiscal Year Ended January 31,      
2014 (for the remaining nine months)   $ 3,657  
2015     4,114  
2016     3,271  
2017     2,310  
2018     1,520  
2019 and thereafter     896  
Total   $ 15,768