| Intangible Assets |
Note 5. Intangible Assets
The following schedule presents the details of intangible assets as of April 30, 2018 (dollar amounts in thousands):
|
|
|
April 30, 2018 |
|
|
|
|
Gross |
|
|
|
|
|
|
|
|
|
|
Remaining |
|
|
|
|
carrying |
|
|
Accumulated |
|
|
|
|
|
|
useful life |
|
|
|
|
amount |
|
|
amortization |
|
|
Net |
|
|
(in years) |
|
|
Existing technology |
|
$ |
3,880 |
|
|
$ |
(3,703 |
) |
|
$ |
177 |
|
|
|
0.9 |
|
|
Database |
|
|
4,939 |
|
|
|
(4,228 |
) |
|
|
711 |
|
|
|
1.9 |
|
|
Customer contracts and relationships |
|
|
33,643 |
|
|
|
(9,664 |
) |
|
|
23,979 |
|
|
|
7.3 |
|
|
Software |
|
|
10,867 |
|
|
|
(6,389 |
) |
|
|
4,478 |
|
|
|
1.9 |
|
|
Brand |
|
|
1,141 |
|
|
|
(842 |
) |
|
|
299 |
|
|
|
0.9 |
|
|
|
|
$ |
54,470 |
|
|
$ |
(24,826 |
) |
|
$ |
29,644 |
|
|
|
|
|
|
|
|
The following schedule presents the details of intangible assets as of January 31, 2018 (dollar amounts in thousands):
|
|
|
January 31, 2018 |
|
|
|
|
Gross |
|
|
|
|
|
|
|
|
|
|
Remaining |
|
|
|
|
carrying |
|
|
Accumulated |
|
|
|
|
|
|
useful life |
|
|
|
|
amount |
|
|
amortization |
|
|
Net |
|
|
(in years) |
|
|
Existing technology |
|
$ |
3,880 |
|
|
$ |
(3,509 |
) |
|
$ |
371 |
|
|
|
0.8 |
|
|
Database |
|
|
4,939 |
|
|
|
(4,091 |
) |
|
|
848 |
|
|
|
2.0 |
|
|
Customer contracts and relationships |
|
|
33,643 |
|
|
|
(8,798 |
) |
|
|
24,845 |
|
|
|
7.5 |
|
|
Software |
|
|
10,867 |
|
|
|
(5,820 |
) |
|
|
5,047 |
|
|
|
2.2 |
|
|
Brand |
|
|
1,141 |
|
|
|
(762 |
) |
|
|
379 |
|
|
|
1.2 |
|
|
|
|
$ |
54,470 |
|
|
$ |
(22,980 |
) |
|
$ |
31,490 |
|
|
|
|
|
|
|
|
Amortization expense associated with intangible assets was $1.8 million and $2.0 million for the three months ended April 30, 2018 and 2017, respectively.
The estimated amortization expense for intangible assets, for the next five years and thereafter is as follows as of April 30, 2018 (in thousands):
|
|
|
Estimated |
|
|
|
|
amortization |
|
|
Period |
|
expense |
|
|
Fiscal 2019 |
|
$ |
5,122 |
|
|
Fiscal 2020 |
|
|
6,062 |
|
|
Fiscal 2021 |
|
|
3,629 |
|
|
Fiscal 2022 |
|
|
3,182 |
|
|
Fiscal 2023 |
|
|
3,182 |
|
|
Thereafter |
|
|
8,467 |
|
|
Total |
|
$ |
29,644 |
|
|
|
|
|