Skillsoft Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 5 - Intangible Assets (Tables)

Note 5 - Intangible Assets (Tables)

12 Months Ended

Jan. 31, 2024

Schedule of Finite Lived and Indefinite Lived Intangible Assets by Major Class [Table Text Block]

	*January 31, 2024 (Successor)*						*January 31, 2023 (Successor)*
	*Gross*				*Net*		*Gross*				*Net*
	*Carrying*		*Accumulated*		*Carrying*		*Carrying*		*Accumulated*		*Carrying*
	*Amount*		*Amortization*		*Amount*		*Amount*		*Amortization*		*Amount*
Developed software/courseware	$	355,247	$	172,578	$	182,669	$	374,057	$	123,219	$	250,838
Customer contracts/relationships		269,300		59,091		210,209		336,182		42,026		294,156
Vendor relationships		—		—		—		39,887		36,666		3,221
Trademarks and trade names		52,863		6,184		46,679		67,080		6,500		60,580
Publishing rights		41,100		21,668		19,432		41,100		13,449		27,651
Backlog		49,700		45,941		3,759		49,700		32,780		16,920
Skillsoft trademark		76,545		—		76,545		84,700		—		84,700
Total intangible assets	$	844,755	$	305,462	$	539,293	$	992,706	$	254,640	$	738,066

Finite-Lived Intangible Assets Amortization Expense [Table Text Block]

	*Amortization Expense*
2025	$	125,138
2026		121,264
2027		75,773
2028		36,336
2029		26,921
Thereafter		77,316
Total future amortization	$	462,748

Schedule of Goodwill [Table Text Block]

Description	*Content & Platform*			*Instructor-Led Training*			*Consolidated*
Acquisition of Skillsoft and GK	$	659,667		$	116,413		$	776,080
Foreign currency translation adjustment		(47	)		(623	)		(670	)
Acquisition of Pluma		14,892			—			14,892
Measurement period adjustments		5,988			(479	)		5,509
Goodwill January 31, 2022		680,500			115,311			795,811
Acquisition of Codecademy		309,967			—			309,967
Foreign currency translation adjustment		(126	)		(392	)		(518	)
Impairment of goodwill		(569,256	)		(72,106	)		(641,362	)
Measurement period adjustments		(3,745	)		(2,409	)		(6,154	)
Goodwill January 31, 2023		417,340			40,404			457,744
Foreign currency translation adjustment		(541	)		1,605			1,064
Impairment of goodwill		(129,149	)		(12,588	)		(141,737	)
Goodwill January 31, 2024	$	287,650		$	29,421		$	317,071

Accumulated impairment, January 31, 2024	$	698,405		$	84,694		$	783,099

Schedule of Impaired Intangible Assets [Table Text Block]

	*For the Year Ended January 31, 2024*
	*Content & Platform*		*Instructor-Led Training*		*Consolidated*
Customer contracts/relationships	$	—	$	43,335	$	43,335
Skillsoft trademark		8,155		—		8,155
Global Knowledge trademark		—		9,006		9,006
Accumulated impairment, January 31, 2024	$	8,155	$	52,341	$	60,496

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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+ Details