v3.22.4
Balance Sheet Components
 12 Months Ended
Jan. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Balance Sheet Components Balance Sheet Components
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
January 31,
20232022
Data center and other computer equipment$297,585 $198,297 
Capitalized internal-use software and website development costs113,276 70,476 
Leasehold improvements24,944 22,029 
Purchased software6,384 5,232 
Furniture and equipment7,412 7,291 
Construction in progress259,013 99,030 
708,614 402,355 
Less: Accumulated depreciation and amortization(216,279)(141,778)
Property and equipment, net$492,335 $260,577 
Construction in progress primarily includes data center equipment purchased that has not yet been placed in service. Data center equipment that was purchased but not yet been placed into service was $245.4 million and $89.8 million as of January 31, 2023 and January 31, 2022, respectively.
Depreciation and amortization expense of property and equipment was $77.2 million, $54.4 million, and $38.7 million, during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, respectively.
The Company capitalized $49.3 million, $30.7 million, and $14.0 million in internal-use software and website development costs during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, respectively. Amortization expense associated with internal-use software and website development costs totaled $21.5 million, $12.4 million, and $7.9 million during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, respectively. The net book value of capitalized internal-use software and website development costs was $66.3 million and $38.6 million as of January 31, 2023 and January 31, 2022, respectively.
Intangible Assets, Net
Total intangible assets, net consisted of the following (dollars in thousands):
January 31, 2023Weighted-Average Remaining Useful Life
Gross Carrying AmountAccumulated AmortizationNet Amount
(in months)
Developed technology$101,452 $25,866 $75,586 68
Customer relationships12,032 3,831 8,201 61
Other acquired intangible assets4,717 1,615 3,102 147
Total$118,201 $31,312 $86,889 
January 31, 2022Weighted-Average Remaining Useful Life
Gross Carrying AmountAccumulated AmortizationNet Amount
(in months)
Developed technology$97,668 $12,000 $85,668 79
Customer relationships12,0451,973 10,072 72
Other acquired intangible assets2,397 801 1,596 89
Total$112,110 $14,774 $97,336 
Amortization expense of intangible assets was $16.6 million, $12.9 million, and $1.4 million, during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, respectively.
The estimated aggregate future amortization expense of intangible assets as of January 31, 2023 was as follows (in thousands):
Total
Fiscal 2024$16,442 
Fiscal 202516,357 
Fiscal 202615,270 
Fiscal 202713,095 
Fiscal 202812,582 
Thereafter13,143 
Total amortization expense$86,889 
Goodwill
The changes in goodwill during the fiscal year ended January 31, 2023 consisted of the following (in thousands):
Amounts
Goodwill as of January 31, 2022$416,445 
Goodwill acquired (1)
14,239 
Goodwill adjustment for the SecureCircle acquisition81 
Foreign currency translation(120)
Goodwill as of January 31, 2023$430,645 
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(1)Goodwill acquired resulted from the acquisition of Reposify Ltd. Refer to Note 12 for additional information.
Accrued Expenses
Accrued expenses consisted of the following (in thousands):
January 31,
20232022
Web hosting services$65,589 $23,711 
Accrued purchases of property and equipment20,157 10,878 
Accrued professional services13,281 10,664 
Accrued marketing11,435 9,801 
Other accrued expenses11,247 13,988 
Accrued interest expense10,375 10,375 
Accrued partner commissions5,800 3,965 
Accrued expenses$137,884 $83,382 
Accrued Payroll and Benefits
Accrued payroll and benefits consisted of the following (in thousands):
January 31,
20232022
Accrued commissions$77,287 $47,298 
Accrued payroll and related expenses39,907 24,910 
Accrued bonuses34,098 17,591 
Employee Stock Purchase Plan17,475 14,764 
Accrued payroll and benefits$168,767 $104,563 
In April 2020, the Company began deferring payment on its share of payroll taxes owed, as permitted by the CARES Act, through December 31, 2020. As of January 31, 2023, all applicable payments have been made and there are no deferred payments to be paid. As of January 31, 2022, the Company had deferred $5.1 million of payroll taxes in Other current liabilities.