Company: YEXT
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001614178-25-000077
Chunk: 242

Company: Yext, Inc.
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 8
Chunk 242
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 foreign currency translation on Goodwill acquired 273 Balance as of April 30, 2025$110,667 The Company determined that no events occurred or circumstances changed that would more likely than not reduce the fair value of the Company's reporting unit below its carrying amount during the reporting periods ended April 30, 2025 and January 31, 2025. However, if certain events occur or circumstances change, it may be necessary to record impairment charges in the future.Intangible AssetsThe Company’s intangible assets with definite lives are amortized on a straight-line basis over their estimated useful lives, which range from approximately 2 to 15 years. Intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. The Company has no indefinite-lived intangible assets.The Company determined that no events occurred or circumstances changed during the reporting periods ended April 30, 2025  and 2024 that would indicate that its intangible assets with finite lives may not be recoverable. However, if certain events occur or circumstances change, it may be necessary to record impairment charges in the future.Amortization expense was $4.1 million and less than $0.1 million for the three months ended April 30, 2025 and 2024, respectively. 

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The gross carrying amount and accumulated amortization of intangible assets other than goodwill are as follows:As of April 30, 2025(in thousands)Gross Carrying AmountAccumulatedAmortizationNet Carrying ValueWeighted Average Remaining Useful LifeDomains$365 $(226)$139 5.8Customer relationships (1)77,100 (4,546)72,554 12.1Technology (2)30,400 (6,480)23,920 2.8Trademarks (3)850 (213)637 2.3Total as of April 30, 2025$108,715 $(11,465)$97,250 9.8As of January 31, 2025(in thousands)Gross Carrying AmountAccumulatedAmortizationNet Carrying ValueWeighted AverageRemaining Useful LifeDomains$365 $(221)$144 6.0Customer relationships 76,200 (2,931)73,269 12.5Technology 24,200 (4,033)20,167 2.