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Financial Instruments and Fair Value (Tables)
9 Months Ended
Oct. 31, 2016
Investments All Other Investments [Abstract]  
Schedule of Available-for-Sale Securities at Fair Value

All of the investments are classified as available-for-sale securities and reported at fair value in the condensed consolidated balance sheets as follows:

 

 

 

As of October 31, 2016

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market funds

 

$

66

 

 

$

 

 

$

 

 

$

66

 

Demand deposits

 

 

10,000

 

 

 

 

 

 

 

 

 

10,000

 

Commercial paper

 

 

9,085

 

 

 

 

 

 

 

 

 

9,085

 

Corporate bonds

 

 

24,086

 

 

 

6

 

 

 

(13

)

 

 

24,079

 

Asset-backed securities

 

 

9,065

 

 

 

2

 

 

 

(5

)

 

 

9,062

 

U.S. government securities

 

 

18,424

 

 

 

2

 

 

 

(10

)

 

 

18,416

 

Total cash equivalents and marketable securities

 

$

70,726

 

 

$

10

 

 

$

(28

)

 

$

70,708

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2016

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market funds

 

$

530

 

 

$

 

 

$

 

 

$

530

 

Commercial paper

 

 

2,598

 

 

 

 

 

 

 

 

 

2,598

 

Corporate bonds

 

 

21,342

 

 

 

7

 

 

 

(9

)

 

 

21,340

 

Asset-backed securities

 

 

4,586

 

 

 

 

 

 

(1

)

 

 

4,585

 

U.S. government securities

 

 

9,274

 

 

 

4

 

 

 

(6

)

 

 

9,272

 

Agency bonds

 

 

2,044

 

 

 

 

 

 

(2

)

 

 

2,042

 

Total cash equivalents and marketable securities

 

$

40,374

 

 

$

11

 

 

$

(18

)

 

$

40,367

 

 

Schedule of Cash Equivalents and Marketable Securities

 

 

 

As of

 

 

 

October 31, 2016

 

 

January 31, 2016

 

 

 

(in thousands)

 

Included in cash equivalents

 

$

12,063

 

 

$

530

 

Included in marketable securities

 

 

58,645

 

 

 

39,837

 

Total cash equivalents and marketable securities

 

$

70,708

 

 

$

40,367

 

 

Summary of Contractual Maturities of Investments

The contractual maturities of the investments at October 31, 2016 and January 31, 2016 were as follows:

 

 

As of

 

 

 

October 31, 2016

 

 

January 31, 2016

 

 

 

(in thousands)

 

Due within one year

 

$

50,172

 

 

$

33,449

 

Due within one to two years

 

 

20,536

 

 

 

6,918

 

Total cash equivalents and marketable securities

 

$

70,708

 

 

$

40,367

 

 

Schedule of Fair Value of Financial Instruments Measured on Recurring Basis

The following table presents the fair value of the financial instruments measured on a recurring basis as of October 31, 2016 and January 31, 2016:

 

 

 

 

As of October 31, 2016

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

 

$

66

 

 

$

66

 

 

$

 

 

$

 

Demand deposits

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

Commercial paper

 

 

9,085

 

 

 

 

 

 

9,085

 

 

 

 

Corporate bonds

 

 

24,079

 

 

 

 

 

 

24,079

 

 

 

 

Asset-backed securities

 

 

9,062

 

 

 

 

 

 

9,062

 

 

 

 

U.S. government securities

 

 

18,416

 

 

 

 

 

 

18,416

 

 

 

 

Total cash equivalents and marketable securities

 

$

70,708

 

 

$

10,066

 

 

$

60,642

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2016

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

 

$

530

 

 

$

530

 

 

$

 

 

$

 

Commercial paper

 

 

2,598

 

 

 

 

 

 

2,598

 

 

 

 

Corporate bonds

 

 

21,340

 

 

 

 

 

 

21,340

 

 

 

 

Asset-backed securities

 

 

4,585

 

 

 

 

 

 

4,585

 

 

 

 

U.S. government securities

 

 

9,272

 

 

 

 

 

 

9,272

 

 

 

 

Agency bonds

 

 

2,042

 

 

 

 

 

 

2,042

 

 

 

 

Total cash equivalents and marketable securities

 

$

40,367

 

 

$

530

 

 

$

39,837

 

 

$