Annual report pursuant to Section 13 and 15(d)

Note 5 - Business Combinations - Assets Acquired and Liabilities Assumed (Details)

v3.23.1
Note 5 - Business Combinations - Assets Acquired and Liabilities Assumed (Details) - USD ($)
 8 Months Ended 10 Months Ended 12 Months Ended
Jan. 31, 2022
Jan. 31, 2023
Jan. 31, 2023
Apr. 04, 2022
Jun. 11, 2021
Jan. 31, 2021
Aug. 27, 2020
Jan. 31, 2020
Reorganization value of Successor company in excess of asset fair value - Goodwill $ 795,811,000 $ 457,744,000 $ 457,744,000   $ 491,519,000 $ 491,653,000 $ 495,135,000 $ 1,112,820,000
Measurement period adjustments 5,509,000   (6,154,000)          
Skillsoft Merger [Member]                
Cash, cash equivalents and restricted cash 120,273,000       120,273,000      
Cash, cash equivalents and restricted cash, adjustments [1],[2] 0              
Current assets 119,553,000       118,847,000      
Current assets, adjustments [1],[2] 706,000              
Property and equipment 12,457,000       10,825,000      
Property and equipment, adjustments [1],[2] 1,632,000              
Intangible assets 765,098,000       769,799,000      
Intangible assets, adjustments [1],[2] (4,701,000)              
Long term assets 18,629,000       18,629,000      
Long term assets, adjustments [1],[2] 0              
Total assets acquired 1,036,010,000       1,038,373,000      
Total assets acquired, adjustments [1],[2] (2,363,000)              
Current liabilities 49,406,000       49,056,000      
Current liabilities, adjustments [1],[2] (350,000)              
Debt, including accounts receivable facility 552,977,000       552,977,000      
Deferred revenue 237,347,000       123,300,000      
Deferred revenue, adjustments [1],[2] (114,047,000)              
Deferred and other tax liabilities 83,779,000       99,699,000      
Deferred and other tax liabilities, adjustments [1],[2] 15,920,000              
Long term liabilities 18,324,000       18,325,000      
Long term liabilities, adjustments [1],[2] 1,000              
Total liabilities assumed (941,833,000)       (843,357,000)      
Total liabilities assumed, adjustments [1],[2] (98,476,000)              
Net assets acquired 94,177,000       195,016,000      
Net assets acquired, adjustments [1],[2] (100,839,000)              
Reorganization value of Successor company in excess of asset fair value - Goodwill 738,506,000       637,667,000      
Measurement period adjustments [1],[2] 100,839,000              
Total purchase price 832,683,000       832,683,000      
Global Knowledge [Member]                
Cash, cash equivalents and restricted cash 17,424,000       17,524,000      
Cash, cash equivalents and restricted cash, adjustments [1],[2] (100,000)              
Current assets 45,407,000       47,849,000      
Current assets, adjustments [1],[2] (2,442,000)              
Property and equipment 7,156,000       5,531,000      
Property and equipment, adjustments [1],[2] 1,625,000              
Intangible assets 185,800,000       185,800,000      
Intangible assets, adjustments [1],[2] 0              
Long term assets 9,076,000       12,401,000      
Long term assets, adjustments [1],[2] (3,325,000)              
Total assets acquired 264,863,000       269,105,000      
Total assets acquired, adjustments [1],[2] (4,242,000)              
Current liabilities 63,553,000       74,463,000      
Current liabilities, adjustments [1],[2] 10,910,000              
Deferred revenue 31,209,000       23,018,000      
Deferred revenue, adjustments [1],[2] (8,191,000)              
Deferred and other tax liabilities 23,096,000       16,934,000      
Deferred and other tax liabilities, adjustments [1],[2] (6,162,000)              
Long term liabilities 2,080,000       4,248,000      
Long term liabilities, adjustments [1],[2] 2,168,000              
Total liabilities assumed (119,938,000)       (118,663,000)      
Total liabilities assumed, adjustments [1],[2] (1,275,000)              
Net assets acquired 144,925,000       150,442,000      
Net assets acquired, adjustments [1],[2] (5,517,000)              
Reorganization value of Successor company in excess of asset fair value - Goodwill 113,525,000       108,008,000      
Measurement period adjustments [1],[2] 5,517,000              
Total purchase price $ 258,450,000       $ 258,450,000      
Codecademy [Member]                
Cash, cash equivalents and restricted cash   4,053,000 4,053,000 $ 4,262,000        
Cash, cash equivalents and restricted cash, adjustments   (209,000)            
Current assets   3,671,000 3,671,000 3,671,000        
Current assets, adjustments              
Property and equipment   385,000 385,000 385,000        
Property and equipment, adjustments              
Intangible assets   119,000,000 119,000,000 112,000,000        
Intangible assets, adjustments   7,000,000            
Total assets acquired   127,109,000 127,109,000 120,318,000        
Total assets acquired, adjustments   6,791,000            
Current liabilities   6,166,000 6,166,000 4,290,000        
Current liabilities, adjustments   (1,876,000)            
Deferred revenue   18,396,000 18,396,000 18,396,000        
Deferred revenue, adjustments              
Deferred and other tax liabilities   21,621,000 21,621,000 21,615,000        
Deferred and other tax liabilities, adjustments   (6,000)            
Total liabilities assumed   (46,183,000) (46,183,000) (44,301,000)        
Total liabilities assumed, adjustments   (1,882,000)            
Net assets acquired   80,926,000 80,926,000 76,017,000        
Net assets acquired, adjustments   4,909,000            
Reorganization value of Successor company in excess of asset fair value - Goodwill   305,058,000 305,058,000 309,967,000        
Measurement period adjustments   (4,909,000)            
Total purchase price   $ 385,984,000 $ 385,984,000 $ 385,984,000        
[1] All other changes represent measurement period adjustments attributable to the Company’s review of inputs and assumptions utilized in valuation models and additional information being obtained on preacquisition liabilities. The measurement period adjustments did not have a significant impact on the Company’s results of operations in prior periods.
[2] The increase in deferred revenue (and the corresponding increase to Goodwill by the same amount) is the result of the adoption of ASU 2021-08 in the quarter ended October 31, 2021.