| Goodwill and Intangible Assets Disclosure [Text Block] |
(3) Intangible Assets
Intangible assets consisted of the following (dollars in thousands and weighted average remaining life in years):
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|
October 31, 2024 |
|
|
January 31, 2024 |
|
| |
|
Weighted Average Remaining Life |
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|
Gross Carrying Amount |
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|
Accumulated Amortization |
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|
Net Carrying Amount |
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|
Weighted Average Remaining Life |
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|
Gross Carrying Amount |
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|
Accumulated Amortization |
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|
Net Carrying Amount |
|
| Developed software/courseware |
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|
2.0 |
|
|
$ |
363,319 |
|
|
$ |
222,305 |
|
|
$ |
141,014 |
|
|
|
2.7 |
|
|
$ |
355,247 |
|
|
$ |
172,578 |
|
|
$ |
182,669 |
|
| Customer contracts/relationships |
|
|
8.9 |
|
|
|
268,658 |
|
|
|
87,686 |
|
|
|
180,972 |
|
|
|
9.5 |
|
|
|
269,300 |
|
|
|
59,091 |
|
|
|
210,209 |
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| Trademarks and trade names |
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|
11.7 |
|
|
|
52,732 |
|
|
|
9,206 |
|
|
|
43,526 |
|
|
|
12.4 |
|
|
|
52,863 |
|
|
|
6,184 |
|
|
|
46,679 |
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| Publishing rights |
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|
1.6 |
|
|
|
41,100 |
|
|
|
27,834 |
|
|
|
13,266 |
|
|
|
2.4 |
|
|
|
41,100 |
|
|
|
21,668 |
|
|
|
19,432 |
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| Backlog |
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|
1.2 |
|
|
|
49,700 |
|
|
|
48,331 |
|
|
|
1,369 |
|
|
|
1.9 |
|
|
|
49,700 |
|
|
|
45,941 |
|
|
|
3,759 |
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| Skillsoft trademark |
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|
Indefinite |
|
|
|
76,545 |
|
|
|
— |
|
|
|
76,545 |
|
|
|
Indefinite |
|
|
|
76,545 |
|
|
|
— |
|
|
|
76,545 |
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| Total intangible assets |
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|
|
|
|
$ |
852,054 |
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|
$ |
395,362 |
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|
$ |
456,692 |
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|
|
|
|
|
$ |
844,755 |
|
|
$ |
305,462 |
|
|
$ |
539,293 |
|
Amortization expense related to the existing finite-lived intangible assets is expected to be as follows (in thousands) for the fiscal years ending January 31:
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|
Amortization Expense |
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| 2025 (three months remaining) |
|
$ |
31,952 |
|
| 2026 |
|
|
124,611 |
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| 2027 |
|
|
79,084 |
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| 2028 |
|
|
38,378 |
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| 2029 |
|
|
28,308 |
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| Thereafter |
|
|
77,814 |
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| Total future amortization |
|
$ |
380,147 |
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Amortization expense related to intangible assets in the aggregate was $31.8 million, $95.2 million, $38.6 million and $116.1 million for the three and nine months ended October 31, 2024 and the three and nine months ended October 31, 2023, respectively.
A roll forward of goodwill is as follows (in thousands):
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Talent Development Solutions |
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|
Global Knowledge |
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Consolidated |
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| Goodwill January 31, 2024 |
|
$ |
287,650 |
|
|
$ |
29,421 |
|
|
$ |
317,071 |
|
| Increase (decrease) |
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|
— |
|
|
|
— |
|
|
|
— |
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| Goodwill October 31, 2024 |
|
$ |
287,650 |
|
|
$ |
29,421 |
|
|
$ |
317,071 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated impairment, October 31, 2024 |
|
$ |
698,405 |
|
|
$ |
84,694 |
|
|
$ |
783,099 |
|
|