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Balance Sheet Components
 6 Months Ended
Jul. 31, 2024
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):
July 31, 2024January 31, 2024
Data center and other computer equipment$642,555 $525,890 
Capitalized internal-use software and website development costs225,902 183,117 
Leasehold improvements39,830 39,168 
Purchased software14,267 10,907 
Furniture and equipment9,452 8,524 
Construction in progress142,849 190,832 
1,074,855 958,438 
Less: Accumulated depreciation and amortization(426,381)(338,266)
Property and equipment, net$648,474 $620,172 
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 $119.2 million as of July 31, 2024.
Depreciation and amortization expense of property and equipment was $46.2 million and $29.8 million during the three months ended July 31, 2024 and July 31, 2023, respectively, and $88.9 million and $56.2 million during the six months ended July 31, 2024 and July 31, 2023, respectively.
There was no impairment of property and equipment during the three and six months ended July 31, 2024 and July 31, 2023. The Company capitalized $25.0 million and $23.6 million in internal-use software and website development costs during the three months ended July 31, 2024 and July 31, 2023, respectively, and $42.5 million and $40.2 million during the six months ended July 31, 2024 and July 31, 2023, respectively. Amortization expense associated with internal-use software and website development costs totaled $13.8 million and $8.4 million during the three months ended July 31, 2024 and July 31, 2023, respectively, and $26.6 million and $15.9 million during the six months ended July 31, 2024 and July 31, 2023, respectively. The net book value of capitalized internal-use software and website development costs was $122.8 million and $106.9 million as of July 31, 2024 and January 31, 2024, respectively.
Intangible Assets, Net
Total intangible assets, net consisted of the following (dollars in thousands):
July 31, 2024Weighted-Average
Remaining 
Useful
Life
Gross Carrying AmountAccumulated AmortizationNet Amount
(in months)
Developed technology$144,846 $52,279 $92,567 57
Customer relationships17,027 7,030 9,997 64
Intellectual property and other acquired intangible assets15,842 2,720 13,122 118
Total$177,715 $62,029 $115,686 
January 31, 2024Weighted-Average
Remaining 
Useful
Life
Gross Carrying AmountAccumulated AmortizationNet Amount
(in months)
Developed technology$131,346 $41,854 $89,492 60
Customer relationships17,027 5,825 11,202 68
Intellectual property and other acquired intangible assets15,842 2,018 13,824 123
Total$164,215 $49,697 $114,518 
Amortization expense of intangible assets was $6.3 million and $4.1 million during the three months ended July 31, 2024 and July 31, 2023, and $12.3 million and $8.3 million during the six months ended July 31, 2024 and July 31, 2023, respectively.
The estimated aggregate future amortization expense of intangible assets as of July 31, 2024 was as follows (in thousands):
Total
Fiscal 2025 (remaining six months) $12,666 
Fiscal 202624,240 
Fiscal 202722,065 
Fiscal 202821,552 
Fiscal 202918,799 
Thereafter16,364 
Total amortization expense$115,686 
Developed technology, customer relationships, intellectual property and other acquired intangible assets are amortized over their estimated useful lives, generally on a straight-line basis, for periods ranging from 2 to 20 years.
Goodwill
The change in goodwill during the six months ended July 31, 2024 consisted of the following (in thousands):
Amounts
Goodwill as of January 31, 2024
$638,041 
Goodwill acquired(1)
83,957 
Foreign currency translation(2)
Goodwill as of July 31, 2024
$721,996 
(1)    Goodwill acquired resulted from the acquisition of Flow Security. Refer to Note 9 for additional information.
Accrued Expenses
Accrued expenses consisted of the following (in thousands):
July 31, 2024January 31, 2024
Web hosting services$18,926 $40,706 
Accrued professional services15,767 11,867 
Accrued marketing14,881 14,623 
Accrued interest expense10,375 10,375 
Accrued partner commissions 10,347 13,584 
Other accrued expenses10,155 9,078 
Accrued partner rebates9,935 4,434 
Accrued purchases of property and equipment6,819 16,190 
Accrued health benefits and claims4,095 5,039 
Accrued expenses$101,300 $125,896 
Accrued Payroll and Benefits
Accrued payroll and benefits consisted of the following (in thousands):
July 31, 2024January 31, 2024
Accrued commissions$90,514 $116,870 
Accrued payroll and related expenses62,408 58,579 
Accrued bonuses35,226 36,860 
Employee Stock Purchase Plan17,281 22,315 
Accrued payroll and benefits$205,429 $234,624