| Summary of Intangible Assets |
The following table summarizes intangible assets as of January 31, 2024 and April 30, 2023 (in thousands):
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January 31, 2024 |
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April 30, 2023 |
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Gross |
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Gross |
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Carrying |
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Accumulated |
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Net Carrying |
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Carrying |
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Accumulated |
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Net Carrying |
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Amount |
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Amortization |
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Amount |
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Amount |
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Amortization |
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|
Amount |
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Customer relationships |
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$ |
89,980 |
|
|
$ |
(77,667 |
) |
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$ |
12,313 |
|
|
$ |
89,980 |
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|
$ |
(74,035 |
) |
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$ |
15,945 |
|
Developed software and technology |
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|
27,761 |
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(19,697 |
) |
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|
8,064 |
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31,022 |
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(21,978 |
) |
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|
9,044 |
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Patents, trademarks, and trade names |
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69,344 |
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(48,541 |
) |
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20,803 |
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68,943 |
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(44,042 |
) |
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|
24,901 |
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187,085 |
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(145,905 |
) |
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|
41,180 |
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189,945 |
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|
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(140,055 |
) |
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|
49,890 |
|
Patents and software in development |
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|
1,663 |
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— |
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|
|
1,663 |
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|
|
1,701 |
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|
|
— |
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|
|
1,701 |
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Total definite-lived intangible assets |
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|
188,748 |
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(145,905 |
) |
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|
42,843 |
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|
191,646 |
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|
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(140,055 |
) |
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|
51,591 |
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Indefinite-lived intangible assets |
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|
430 |
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|
|
— |
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|
430 |
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|
430 |
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|
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— |
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|
|
430 |
|
Total intangible assets |
|
$ |
189,178 |
|
|
$ |
(145,905 |
) |
|
$ |
43,273 |
|
|
$ |
192,076 |
|
|
$ |
(140,055 |
) |
|
$ |
52,021 |
|
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| Schedule of Future Expected Amortization Expense |
Future expected amortization expense for the remainder of fiscal 2024 and for succeeding fiscal years, as of January 31, 2024, are as follows (in thousands):
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Fiscal |
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Amount |
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2024 |
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$ |
3,292 |
|
2025 |
|
|
9,659 |
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2026 |
|
|
8,310 |
|
2027 |
|
|
5,893 |
|
2028 |
|
|
4,486 |
|
Thereafter |
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|
9,540 |
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Total |
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$ |
41,180 |
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