Current report filing

Intangible Assets (Tables)

v3.22.2.2
Intangible Assets (Tables)
3 Months Ended
Apr. 30, 2022
Schedule of intangible assets

Intangible assets consisted of the following (in thousands):

April 30, 2022 (Successor)

January 31, 2022 (Successor)

    

Gross

    

    

Net

    

Gross

    

    

Net

Carrying

Accumulated

Carrying

Carrying

Accumulated

Carrying

Amount

Amortization

Amount

Amount

Amortization

Amount

Developed software/ courseware

$

363,842

$

62,522

$

301,320

$

300,771

$

43,687

$

257,084

Customer contracts/ relationships

 

342,300

 

17,917

 

324,383

 

332,300

 

10,436

 

321,864

Vendor relationships

 

43,900

 

25,492

 

18,408

43,900

21,219

22,681

Trademarks and trade names

 

45,500

 

327

 

45,173

 

3,900

 

373

 

3,527

Publishing rights

 

41,100

 

7,284

 

33,816

 

41,100

 

5,229

 

35,871

Backlog

 

49,700

 

11,874

 

37,826

 

49,700

 

4,906

 

44,794

Skillsoft trademark

 

84,700

 

84,700

 

84,700

 

84,700

Global Knowledge trademark

 

25,400

2,808

 

22,592

25,400

2,062

23,338

Total

$

996,442

$

128,224

$

868,218

$

881,771

$

87,912

$

793,859

Schedule of amortization expense related to the existing finite-lived intangible assets

Amortization expense related to the existing finite-lived intangible assets is expected to be as follows (in thousands):

Fiscal Year

    

Amortization Expense

2023 (remaining 9 months)

$

129,296

2024

 

150,855

2025

130,179

2026

126,268

2027

 

80,415

Thereafter

 

166,505

Total

$

783,518

Schedule of goodwill

A roll forward of goodwill is as follows:

Description

    

Skillsoft

    

GK

    

Consolidated

Goodwill, net January 31, 2022 (Successor)

$

680,500

$

115,311

$

795,811

Foreign currency translation adjustment

(102)

(730)

(832)

Acquisition of Codecademy

309,967

309,967

Measurement period adjustments

(614)

(614)

Goodwill, net April 30, 2022 (Successor)

$

990,365

$

113,967

$

1,104,332