Revenue Recognition (Tables)

9 Months Ended

Oct. 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 nine months ended October 31, 2018:

	October 31, 2018
	As Reported		Impact of Adoption			Amounts under ASC 605
	(in thousands)
Condensed Consolidated Balance Sheets
Liabilities:
Accounts payable		11,134		(142	)		10,992
Accrued and other current liabilities		25,615		(46	)		25,569
Income taxes payable		755		194			949
Deferred revenue, current		405		5,276			5,681
Other long-term liabilities		9,600		1			9,601
Equity:
Retained earnings	$	235,404		(5,283	)	$	230,121

	Three Months Ended October 31, 2018
	As Reported			Impact of Adoption			Amounts under ASC 605
	(in thousands, except per share data)
Condensed Consolidated Statements of Operations
Revenue	$	57,286		$	727		$	58,013
Cost of revenue		22,701			234			22,935
Gross profit		34,585			493			35,078
Loss from operations		(9,422	)		493			(8,929	)
Loss before income taxes		(8,429	)		493			(7,936	)
Provision for income taxes		592			(71	)		521
Net loss	$	(9,021	)	$	564		$	(8,457	)
Net loss per share:
Basic	$	(0.28	)	$	0.02		$	(0.26	)
Diluted	$	(0.28	)	$	0.02		$	(0.26	)

	Nine Months Ended October 31, 2018
	As Reported			Impact of Adoption			Amounts under ASC 605
	(in thousands, except per share data)
Condensed Consolidated Statements of Operations
Revenue	$	176,698		$	(7,583	)	$	169,115
Cost of revenue		69,208			(2,537	)		66,671
Gross profit		107,490			(5,046	)		102,444
Loss from operations		(26,054	)		(5,046	)		(31,100	)
Loss before income taxes		(23,537	)		(5,046	)		(28,583	)
Provision for income taxes		2,367			194			2,561
Net loss	$	(25,904	)	$	(5,240	)	$	(31,144	)
Net loss per share:
Basic	$	(0.79	)	$	(0.16	)	$	(0.95	)
Diluted	$	(0.79	)	$	(0.16	)	$	(0.95	)

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

	Nine Months Ended October 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	$	(25,904	)	$	(5,240	)	$	(31,144	)
Accounts payable		(8,681	)		(142	)		(8,823	)
Accrued liabilities		(5,192	)		(46	)		(5,238	)
Income taxes payable		(181	)		194			13
Deferred revenue		140			5,233			5,373
Other long-term liabilities	$	843		$	1		$	844