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

9 Months Ended

Oct. 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, net		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	$	138,080		$	-		$	138,080
Accounts receivable, net		46,420			-			46,420
Other current assets, net		19,493			(4,087	)		15,406
Total current assets		203,993			(4,087	)		199,906
Property and equipment, net		29,600			-			29,600
Capitalized software costs, net		1,486			-			1,486
Goodwill		12,284			-			12,284
Deferred tax assets, net		11,363			959			12,322
Other assets, net		11,784			(7,438	)		4,346
Total assets	$	270,510		$	(10,566	)	$	259,944
Liabilities and stockholders’ equity
Current portion of long-term debt	$	481		$	-		$	481
Accounts payable		10,660			-			10,660
Deferred revenue		80,537			3,630			84,167
Other current liabilities		35,059			-			35,059
Total current liabilities		126,737			3,630			130,367
Long-term debt		12,957			-			12,957
Other liabilities		4,773			645			5,418
Stockholders’ equity
Common stock - Class A		16			-			16
Common stock - Class B		4			-			4
Additional paid-in capital		194,292			-			194,292
Treasury stock		(7,384	)		-			(7,384	)
Accumulated deficit		(52,047	)		(14,861	)		(66,908	)
Accumulated other comprehensive loss		(8,838	)		20			(8,818	)
Total stockholders’ equity		126,043			(14,841	)		111,202
Total liabilities and stockholders’ equity	$	270,510		$	(10,566	)	$	259,944

	As reported under Topic 606			Adjustments			Balances under Prior GAAP
	(in thousands, except per share amounts)
Revenue
Subscription fees	$	23,863		$	(517	)	$	23,346
License fees		4,631			188			4,819
Maintenance and other		30,401			50			30,451
Professional services		20,682			(231	)		20,451
Total revenue		79,577			(510	)		79,067
Cost of revenue:
Subscription fees		8,686			(38	)		8,648
License fees		534			-			534
Maintenance and other		7,716			-			7,716
Professional services		20,425			-			20,425
Total cost of revenue		37,361			(38	)		37,323
Gross profit		42,216			(472	)		41,744
Operating expenses:
Sales and marketing		18,447			(306	)		18,141
Research and development		13,155			(59	)		13,096
General and administrative		8,095			-			8,095
Amortization of intangibles from acquisitions		45			-			45
Total operating expenses		39,742			(365	)		39,377
Operating income		2,474			(107	)		2,367
Other (income) expense
Interest income		(646	)		-			(646	)
Interest expense		177			-			177
Other income		(636	)		-			(636	)
Total other income, net		(1,105	)		-			(1,105	)
Income before income taxes		3,579			(107	)		3,472
Income tax expense		597			4			601
Net income	$	2,982		$	(111	)	$	2,871
Basic income per share
Class A	$	0.16		$	(0.01	)	$	0.15
Class B	$	0.13		$	(0.00	)	$	0.13
Diluted income per share
Class A	$	0.14		$	(0.01	)	$	0.13
Class B	$	0.12		$	(0.00	)	$	0.12

	As reported under Topic 606			Adjustments			Balances under Prior GAAP
	(in thousands, except per share amounts)
Revenue
Subscription fees	$	67,813		$	(1,074	)	$	66,739
License fees		16,458			(1,198	)		15,260
Maintenance and other		92,458			163			92,621
Professional services		73,581			(1,077	)		72,504
Total revenue		250,310			(3,186	)		247,124
Cost of revenue:
Subscription fees		25,248			(24	)		25,224
License fees		1,772			-			1,772
Maintenance and other		23,355			-			23,355
Professional services		68,489			-			68,489
Total cost of revenue		118,864			(24	)		118,840
Gross profit		131,446			(3,162	)		128,284
Operating expenses:
Sales and marketing		57,895			(590	)		57,305
Research and development		40,674			(177	)		40,497
General and administrative		26,823			-			26,823
Amortization of intangibles from acquisitions		45			-			45
Total operating expenses		125,437			(767	)		124,670
Operating income		6,009			(2,395	)		3,614
Other (income) expense
Interest income		(1,913	)		-			(1,913	)
Interest expense		488			-			488
Other income		(1,309	)		-			(1,309	)
Total other income, net		(2,734	)		-			(2,734	)
Income before income taxes		8,743			(2,395	)		6,348
Income tax expense		3,251			(75	)		3,176
Net income	$	5,492		$	(2,320	)	$	3,172
Basic income per share
Class A	$	0.29		$	(0.12	)	$	0.17
Class B	$	0.24		$	(0.10	)	$	0.14
Diluted income per share
Class A	$	0.26		$	(0.11	)	$	0.15
Class B	$	0.23		$	(0.10	)	$	0.13

	As reported under Topic 606			Adjustments			Balances under Prior GAAP
	(in thousands)
Net income	$	5,492		$	(2,320	)	$	3,172
Amortization of costs capitalized to obtain and fulfill contracts		3,107			(2,483	)		624
Net change in valuation allowance		3,760			648			4,408
Changes in operating assets and liabilities:
Costs capitalized to obtain and fulfill contracts		(2,510	)		1,868			(642	)
Other assets		688			(258	)		430
Deferred revenue		(30,977	)		2,525			(28,452	)
Net cash provided by operating activities		15,117			(20	)		15,097
Effect of exchange rates on cash and equivalents		(4,242	)		20			(4,222	)