Note 1 - Basis of Presentation and Recent Accounting Pronouncements (Tables)

6 Months Ended

Jul. 31, 2018

Notes Tables

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

	Jan. 31, 2018			Topic 606			ASU2016-16 (1)		Feb. 1, 2018
	(in thousands)
Assets
Current assets:
Cash and equivalents	$	147,023		$	-		$	-	$	147,023
Accounts receivable, net		83,518			-			-		83,518
Other current assets		15,856			4,013			-		19,869
Total current assets		246,397			4,013			-		250,410
Property and equipment, net		30,408			-			-		30,408
Capitalized software costs, net		990			-			-		990
Goodwill		11,023			-			-		11,023
Deferred tax assets, net		7,944			(1,643	)		9,584		15,885
Other assets, net		3,055			8,421			-		11,476
Total assets	$	299,817		$	10,791		$	9,584	$	320,192
Liabilities and stockholders’ equity
Current portion of long-term debt	$	466		$	-		$	-	$	466
Accounts payable		14,818			-			-		14,818
Deferred revenue		116,693			(1,239	)		-		115,454
Other current liabilities		43,460			-			-		43,460
Total current liabilities		175,437			(1,239	)		-		174,198
Long-term debt		13,313			-			-		13,313
Other liabilities		5,439			(511	)		-		4,928
Stockholders’ equity
Common stock - Class A		16			-			-		16
Common stock - Class B		4			-			-		4
Additional paid-in capital		200,456			-			-		200,456
Treasury stock		(12,461	)		-			-		(12,461	)
Accumulated deficit		(75,559	)		12,541			9,584		(53,434	)
Accumulated other comprehensive loss		(6,828	)		-			-		(6,828	)
Total stockholders’ equity		105,628			12,541			9,584		127,753
Total liabilities and stockholders’ equity	$	299,817		$	10,791		$	9,584	$	320,192

	As reported under Topic 606			Adjustments			Balances under Prior GAAP
	(in thousands)
Assets
Current assets:
Cash and equivalents	$	139,528		$	-		$	139,528
Accounts receivable, net		54,258			-			54,258
Other current assets		21,116			(4,194	)		16,922
Total current assets		214,902			(4,194	)		210,708
Property and equipment, net		29,741			-			29,741
Capitalized software costs, net		1,405			-			1,405
Goodwill		11,095			-			11,095
Deferred tax assets, net		11,869			1,047			12,916
Other assets, net		10,931			(7,697	)		3,234
Total assets	$	279,943		$	(10,844	)	$	269,099
Liabilities and stockholders’ equity
Current portion of long-term debt	$	476		$	-		$	476
Accounts payable		10,962			-			10,962
Deferred revenue		91,195			3,034			94,229
Other current liabilities		35,702			-			35,702
Total current liabilities		138,335			3,034			141,369
Long-term debt		13,075			-			13,075
Other liabilities		4,943			868			5,811
Stockholders’ equity
Common stock - Class A		16			-			16
Common stock - Class B		4			-			4
Additional paid-in capital		192,421			-			192,421
Treasury stock		(7,532	)		-			(7,532	)
Accumulated deficit		(53,655	)		(14,750	)		(68,405	)
Accumulated other comprehensive loss		(7,664	)		4			(7,660	)
Total stockholders’ equity		123,590			(14,746	)		108,844
Total liabilities and stockholders’ equity	$	279,943		$	(10,844	)	$	269,099

	As reported under Topic 606			Adjustments			Balances under Prior GAAP
	(in thousands, except per share amounts)
Revenue
Subscription fees	$	22,439		$	(251	)	$	22,188
License fees		5,561			(216	)		5,345
Maintenance and other		30,574			40			30,614
Professional services		25,969			904			26,873
Total revenue		84,543			477			85,020
Cost of revenue:
Subscription fees		8,334			4			8,338
License fees		574			-			574
Maintenance and other		7,774			-			7,774
Professional services		23,754			-			23,754
Total cost of revenue		40,436			4			40,440
Gross profit		44,107			473			44,580
Operating expenses:
Sales and marketing		19,502			(22	)		19,480
Research and development		13,513			(59	)		13,454
General and administrative		9,366			-			9,366
Total operating expenses		42,381			(81	)		42,300
Operating income		1,726			554			2,280
Other (income) expense
Interest income		(743	)		-			(743	)
Interest expense		154			-			154
Other income		(269	)		-			(269	)
Total other income, net		(858	)		-			(858	)
Income before income taxes		2,584			554			3,138
Income tax expense		1,471			112			1,583
Net income	$	1,113		$	442		$	1,555
Basic income per share
Class A	$	0.06		$	0.02		$	0.08
Class B	$	0.05		$	0.02		$	0.07
Diluted income per share
Class A	$	0.05		$	0.02		$	0.07
Class B	$	0.05		$	0.02		$	0.07

	As reported under Topic 606			Adjustments			Balances under Prior GAAP
	(in thousands, except per share amounts)
Revenue
Subscription fees	$	43,950		$	(557	)	$	43,393
License fees		11,827			(1,386	)		10,441
Maintenance and other		62,057			113			62,170
Professional services		52,899			(846	)		52,053
Total revenue		170,733			(2,676	)		168,057
Cost of revenue:
Subscription fees		16,562			14			16,576
License fees		1,238			-			1,238
Maintenance and other		15,639			-			15,639
Professional services		48,064			-			48,064
Total cost of revenue		81,503			14			81,517
Gross profit		89,230			(2,690	)		86,540
Operating expenses:
Sales and marketing		39,448			(284	)		39,164
Research and development		27,519			(118	)		27,401
General and administrative		18,728			-			18,728
Total operating expenses		85,695			(402	)		85,293
Operating income		3,535			(2,288	)		1,247
Other (income) expense
Interest income		(1,267	)		-			(1,267	)
Interest expense		311			-			311
Other income		(673	)		-			(673	)
Total other income, net		(1,629	)		-			(1,629	)
Income before income taxes		5,164			(2,288	)		2,876
Income tax expense		2,654			(79	)		2,575
Net income	$	2,510		$	(2,209	)	$	301
Basic income (loss) per share
Class A	$	0.13		$	(0.12	)	$	0.01
Class B	$	0.11		$	(0.10	)	$	0.01
Diluted income (loss) per share
Class A	$	0.12		$	(0.11	)	$	0.01
Class B	$	0.11		$	(0.10	)	$	0.01

	As reported under Topic 606			Adjustments			Balances under Prior GAAP
	(in thousands)
Net income (loss)	$	2,510		$	(2,209	)	$	301
Amortization of costs capitalized to obtain and fulfill contracts		2,051			(1,636	)		415
Net change in valuation allowance		4,553			648			5,201
Changes in operating assets and liabilities:
Costs capitalized to obtain and fulfill contracts		(1,692	)		1,366			(326	)
Other assets		(894	)		(325	)		(1,219	)
Deferred revenue		(21,683	)		2,152			(19,531	)
Net cash provided by operating activities		9,146			(4	)		9,142
Effect of exchange rates on cash and equivalents		(2,110	)		4			(2,106	)