NOTE 4 — GOODWILL AND INTANGIBLE ASSETS

The Company's goodwill balance of $97.3 million and $70.4 million at January 31, 2012 and 2011, respectively, is included within "other assets, net" in the Consolidated Balance Sheet.

The changes in the carrying amount of goodwill, by geographic segment, for the fiscal year ended January 31, 2012, are as follows:

 

		Americas				Europe				Total
						(In thousands)
Balance as of February 1, 2011		$	2,966			$	67,460			$	70,426
Goodwill acquired during the year			0				31,011				31,011
Foreign currency translation adjustment			0				(4,156	)			(4,156	)
Balance as of February 1, 2012		$	2,966			$	94,315			$	97,281

The increase in goodwill during fiscal 2012 is the result of the Company's acquisitions in Europe (see also Note 5 – Acquisitions).

In conjunction with the Company's annual impairment testing, the Company's goodwill was tested for impairment as of January 31, 2012. The impairment testing included a determination of the fair value of the Company's reporting units, which are also the Company's operating segments, using market multiples and discounted cash flows modeling. The results of the testing indicated that the fair value of the Company's reporting units was greater than the carrying value of the Company's reporting units, including goodwill. As a result, no goodwill impairment was recorded at January 31, 2012.

Also included within "other assets, net" are intangible assets as follows:

 

		January 31, 2012												January 31, 2011
		Gross carrying amount				Accumulated amortization				Net book value				Gross carrying amount				Accumulated amortization				Net book value
						(In thousands)												(In thousands)
Capitalized software and development costs		$	302,326			$	223,148			$	79,178			$	280,751			$	208,799			$	71,952
Customer and vendor relationships			98,080				36,544				61,536				85,076				26,059				59,017
Other intangible assets			9,636				4,505				5,131				10,041				3,031				7,010
Total		$	410,042			$	264,197			$	145,845			$	375,868			$	237,889			$	137,979

The Company capitalized intangible assets of $48.2 million, $76.5 million and $19.1 million for the years ended January 31, 2012, 2011 and 2010, respectively. For fiscal 2012, these capitalized assets related primarily to software and software development expenditures to be used in the Company's operations and customer and vendor relationships related to the Company's acquisitions during fiscal 2012. For fiscal 2011, these capitalized assets resulted primarily from customer and vendor relationships related to the Company's acquisitions during fiscal 2011 (see also Note 5 – Acquisitions). There was no interest capitalized during any of the fiscal years ended January 31, 2012, 2011 and 2010.

The weighted average amortization period for all intangible assets capitalized during fiscal 2012 approximated six years and approximated five years and six years for fiscal 2011 and 2010, respectively. The weighted average amortization period of all intangible assets was approximately six years for fiscal 2012, 2011 and 2010, respectively.

Amortization expense for the fiscal years ended January 31, 2012, 2011 and 2010, totaled $35.4 million, $26.3 million and $22.2 million, respectively. Estimated amortization expense of capitalized software and development costs placed in service at January 31, 2012, and customer and vendor relationships and other intangible assets is as follows (in thousands):

 

Fiscal year:
2013		$	30,700
2014			27,300
2015			21,800
2016			14,300
2017			10,500