Goodwill and Net Intangible Assets
 3 Months Ended
Apr. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Net Intangible Assets
Goodwill and Net Intangible Assets
On January 11, 2019, Smartsheet Inc. purchased 100% of the issued and outstanding capital stock of TernPro, Inc. (“TernPro”) in an all-cash transaction for a total purchase price of $6.0 million. As a result of this acquisition, the Company recorded goodwill of $5.2 million; identifiable intangible assets of $0.8 million, of which $0.5 million related to acquired software technology, and $0.3 million related to customer relationships; and other net assets of less than $0.1 million. In addition, the Company recorded a long-term liability of $1.0 million related to a holdback payable on the 18-month anniversary of the closing date.
There were no changes in the carrying amount of goodwill or measurement period adjustments during the three months ended April 30, 2019.
The following table presents the components of net intangible assets (in thousands):
 
April 30, 2019
 
January 31, 2019
Acquired software technology
$
1,866

 
$
1,866

Acquired customer relationships
360

 
360

Patents
170

 
170

Domain name
13

 
13

Total intangible assets
2,409

 
2,409

Less: accumulated amortization
(790
)
 
(582
)
Total intangible assets, net
$
1,619

 
$
1,827


Amortization expense was $208 thousand and $127 thousand for the three months ended April 30, 2019 and 2018, respectively.
As of April 30, 2019, estimated remaining amortization expense for the finite-lived intangible assets by fiscal year is as follows (in thousands):
2020 (excluding the three months ended April 30, 2019)
 
$
577

2021
 
722

2022
 
264

2023
 
9

2024
 
8

Thereafter
 
26

Total
 
$
1,606