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Goodwill and Intangible Assets
 12 Months Ended
Jan. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following table summarizes the changes in the carrying amount of goodwill during the years:
As of January 31,
20242023
(in thousands)
Balance, beginning of the year$122,641 $27,607 
Increase in goodwill related to business combinations184,654 95,034 
Balance, ending of the year$307,295 $122,641 
During the fiscal year ended January 31, 2024, we acquired Workvivo, and recorded goodwill of $184.7 million. During the fiscal year ended January 31, 2023, we acquired Solvvy, Inc., and recorded goodwill of $95.0 million. See Note 5 for additional information related to these acquisitions.
Intangibles
The following table summarizes intangible assets with a finite useful life included within other asset, noncurrent on the consolidated balance sheet:
As of January 31,
20242023
Gross Carrying AmountAccumulated AmortizationNet ValueGross Carrying AmountAccumulated AmortizationNet Value
(in thousands)
Customer relationships$31,732 $(7,684)$24,048 $14,700 $(2,078)$12,622 
Technology26,959 (8,676)18,283 16,190 (3,752)12,438 
Assembled workforce7,034 (2,430)4,604 7,034 (674)6,360 
Total$65,725 $(18,790)$46,935 $37,924 $(6,504)$31,420 
Intangible asset amortization expense was $12.5 million and $5.3 million for the years ended January 31, 2024 and 2023, respectively, and less than $1.0 million for the year ended January 31, 2022.
Estimated amortization expense for each of the five succeeding fiscal years and thereafter is as follows:
As of January 31, 2024
(in thousands)
Year Ending January 31,
202513,525 
202613,000 
202712,088 
20287,105 
20291,217 
Thereafter— 
Total amortization expense46,935 
The following table summarizes intangible assets with an indefinite useful life included within other asset, noncurrent on the consolidated balance sheet:
As of January 31,
20242023
(in thousands)
Domain and IP Addresses$20,232 $20,232 
Patents and Tradenames5,007 5,007 
Total$25,239 $25,239 
For the years ended January 31, 2024, 2023 and 2022, there were no intangible assets impairment losses.