Revenue Recognition (Tables)

6 Months Ended

Jul. 31, 2018

Topic 606 [Member]

Cumulative Effects of Adjustments on Condensed Consolidated Balance Sheet and Impacts of Adopting New Revenue Standard on Condensed Consolidated Balance Sheets, Statements of Operations and Statements of Cash Flows

The cumulative effects of adjustments on the condensed consolidated balance sheet on February 1, 2018 upon the adoption of ASC 606 were as follows:

	Balance as of					Opening Balance as of
	January 31, 2018		Adjustment			February 1,2018
	(in thousands)
Deferred revenue, current	$	307	$	(43	)	$	264
Retained earnings	$	261,265	$	43		$	261,308

The following table summarizes the impacts of adopting the new revenue standard on our condensed consolidated balance sheets, statements of operations and statements of cash flows as of and for the three and six months ended July 31, 2018:

	July 31, 2018
	As Reported		Impact of Adoption			Amounts under ASC 605
	(in thousands)
Condensed Consolidated Balance Sheets
Assets:
Prepaid expenses and other current assets	$	2,686	$	(207	)	$	2,479
Liabilities:
Accounts payable		23,381		(200	)		23,181
Accrued and other current liabilities		23,090		(9	)		23,081
Income taxes payable		524		57			581
Deferred revenue, current		583		5,789			6,372
Other long-term liabilities		10,252		3			10,255
Equity:
Retained earnings	$	244,425		(5,847	)	$	238,578

	Three Months Ended July 31, 2018
	As Reported			Impact of Adoption			Amounts under ASC 605
	(in thousands, except per share data)
Condensed Consolidated Statements of Operations
Revenue	$	62,474		$	(3,395	)	$	59,079
Cost of revenue		24,461			(1,171	)		23,290
Gross profit		38,013			(2,224	)		35,789
Loss from operations		(6,682	)		(2,224	)		(8,906	)
Loss before income taxes		(5,950	)		(2,224	)		(8,174	)
Provision for income taxes		927			68			995
Net loss	$	(6,877	)	$	(2,292	)	$	(9,169	)
Net loss per share:
Basic	$	(0.21	)	$	(0.07	)	$	(0.28	)
Diluted	$	(0.21	)	$	(0.07	)	$	(0.28	)

	Six Months Ended July 31, 2018
	As Reported			Impact of Adoption			Amounts under ASC 605
	(in thousands, except per share data)
Condensed Consolidated Statements of Operations
Revenue	$	119,412		$	(8,310	)	$	111,102
Cost of revenue		46,507			(2,771	)		43,736
Gross profit		72,905			(5,539	)		67,366
Loss from operations		(16,632	)		(5,539	)		(22,171	)
Loss before income taxes		(15,108	)		(5,539	)		(20,647	)
Provision for income taxes		1,775			265			2,040
Net loss	$	(16,883	)	$	(5,804	)	$	(22,687	)
Net loss per share:
Basic	$	(0.51	)	$	(0.17	)	$	(0.68	)
Diluted	$	(0.51	)	$	(0.17	)	$	(0.68	)

The impact of adoption on the comprehensive loss is the same as the impact on net loss.

	Six Months Ended July 31, 2018
	As Reported			Impact of Adoption			Amounts under ASC 605
	(in thousands)
Condensed Consolidated Statements of Cash Flows
Cash flow from operating activities:
Net loss	$	(16,883	)	$	(5,804	)	$	(22,687	)
Prepaid expenses and other current assets		1,318			207			1,525
Accounts payable		3,566			(200	)		3,366
Accrued liabilities		(9,054	)		(9	)		(9,063	)
Income taxes payable		(412	)		57			(355	)
Deferred revenue		318			5,746			6,064
Other long-term liabilities	$	654		$	3		$	657