Quarterly report pursuant to Section 13 or 15(d)

Goodwill

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Goodwill
9 Months Ended
Oct. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill
The changes in the carrying amount of goodwill for the periods presented were as follows (in thousands):
October 31,
2021
January 31,
2021
Balance at beginning of period $ 46,823  $ 47,100 
Business combination 3,023  — 
Effect of exchange rates (277)
Balance at end of period $ 49,851  $ 46,823 
On September 6, 2021, the Company acquired certain assets from a privately held company in a transaction that qualified as a business combination. Goodwill consists primarily of expected synergies of the acquired workforce and growth opportunities, none of which qualify as separately identifiable intangible assets. This business combination was not material to the unaudited condensed consolidated financial statements.