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Stock-based Compensation (Tables)
6 Months Ended
Jul. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Classification of Stock-based Compensation

The following table presents the classification of stock-based compensation for the periods indicated:

 

 

 

Three Months Ended July 31,

 

 

Six Months Ended July 31,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

(in thousands)

 

Stock-based compensation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

$

317

 

 

$

332

 

 

$

632

 

 

$

635

 

Research and development

 

 

9,367

 

 

 

8,649

 

 

 

18,127

 

 

 

16,626

 

Selling, general and administrative

 

 

5,446

 

 

 

5,454

 

 

 

10,566

 

 

 

10,146

 

Total stock-based compensation

 

$

15,130

 

 

$

14,435

 

 

$

29,325

 

 

$

27,407

 

 

Weighted-Average Assumptions Used to Estimate Fair Value

The following table sets forth the weighted-average assumptions used to estimate the fair value of stock options and employee stock purchase plan awards for the periods indicated:

 

 

 

Three Months Ended July 31,

 

 

Six Months Ended July 31,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Stock Options:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Volatility

 

 

55

%

 

 

53

%

 

 

55

%

 

 

53

%

Risk-free interest rate

 

 

2.77

%

 

 

1.88

%

 

 

2.73

%

 

 

2.08

%

Expected term (years)

 

5.38

 

 

6.08

 

 

5.36

 

 

6.07

 

Dividend yield

 

 

0

%

 

 

0

%

 

 

0

%

 

 

0

%

Employee stock purchase plan awards:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Volatility

 

 

 

 

 

 

 

 

46

%

 

 

39

%

Risk-free interest rate

 

 

 

 

 

 

 

 

1.95

%

 

 

0.89

%

Expected term (years)

 

 

 

 

 

 

 

 

0.5

 

 

 

0.5

 

Dividend yield

 

 

 

 

 

 

 

 

0

%

 

 

0

%

 

Stock Option Activities

The following table summarizes stock option activities for the period indicated:

 

 

Option Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Intrinsic

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

Value Of

 

 

Remaining

 

 

Aggregate

 

 

 

 

 

 

 

Weighted-

 

 

Average

 

 

Options

 

 

Contractual

 

 

Intrinsic

 

 

 

 

 

 

 

Average

 

 

Grant-date

 

 

Exercised

 

 

Term

 

 

Value

 

 

 

Shares

 

 

Exercise Price

 

 

Fair Value

 

 

(in thousands)

 

 

(in years)

 

 

(in thousands)

 

Outstanding at January 31, 2018

 

 

1,611,344

 

 

$

24.56

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

60,050

 

 

 

45.74

 

 

$

23.43

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(195,179

)

 

 

4.85

 

 

 

 

 

 

$

7,838

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(12,026

)

 

 

53.92

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

(6,637

)

 

 

44.39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at July 31, 2018

 

 

1,457,552

 

 

 

27.74

 

 

 

 

 

 

 

 

 

 

4.81

 

 

$

24,385

 

Exercisable at July 31, 2018

 

 

1,234,750

 

 

$

23.17

 

 

 

 

 

 

 

 

 

 

 

4.13

 

 

$

24,377

 

 

Restricted Stock and Restricted Stock Units Activities

The following table summarizes restricted stock and restricted stock units activities for the period indicated:

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Grant-Date

 

 

 

Shares

 

 

Fair Value

 

Unvested at January 31, 2018

 

 

2,103,281

 

 

$

56.45

 

Granted

 

 

368,369

 

 

 

44.72

 

Vested

 

 

(487,507

)

 

 

53.48

 

Forfeited

 

 

(23,926

)

 

 

53.12

 

Unvested at July 31, 2018

 

 

1,960,217

 

 

$

55.03