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Financial Instruments and Fair Value (Tables)
6 Months Ended
Jul. 31, 2019
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 July 31, 2019

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market funds

 

$

17,409

 

 

$

 

 

$

 

 

$

17,409

 

Commercial paper

 

 

59,934

 

 

 

 

 

 

 

 

 

59,934

 

Corporate bonds

 

 

96,237

 

 

 

525

 

 

 

(4

)

 

 

96,758

 

Asset-backed securities

 

 

14,460

 

 

 

42

 

 

 

(2

)

 

 

14,500

 

U.S. government securities

 

 

19,744

 

 

 

2

 

 

 

(18

)

 

 

19,728

 

Total cash equivalents and marketable debt securities

 

$

207,784

 

 

$

569

 

 

$

(24

)

 

$

208,329

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2019

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market funds

 

$

8,914

 

 

$

 

 

$

 

 

$

8,914

 

Certificates of Deposit

 

 

7,012

 

 

 

 

 

 

 

 

 

7,012

 

Commercial paper

 

 

68,233

 

 

 

 

 

 

 

 

 

68,233

 

Corporate bonds

 

 

87,250

 

 

 

170

 

 

 

(60

)

 

 

87,360

 

Asset-backed securities

 

 

11,607

 

 

 

3

 

 

 

(6

)

 

 

11,604

 

U.S. government securities

 

 

21,993

 

 

 

3

 

 

 

(13

)

 

 

21,983

 

Total cash equivalents and marketable debt securities

 

$

205,009

 

 

$

176

 

 

$

(79

)

 

$

205,106

 

Schedule of Cash Equivalents and Marketable Debt Securities

 

 

 

As of

 

 

 

July 31, 2019

 

 

January 31, 2019

 

 

 

(in thousands)

 

Included in cash equivalents

 

$

55,220

 

 

$

40,245

 

Included in marketable debt securities

 

 

153,109

 

 

 

164,861

 

Total cash equivalents and marketable debt securities

 

$

208,329

 

 

$

205,106

 

Summary of Contractual Maturities of Investments

The contractual maturities of the investments at July 31, 2019 and January 31, 2019 were as follows:

 

 

 

As of

 

 

 

July 31, 2019

 

 

January 31, 2019

 

 

 

(in thousands)

 

Due within one year

 

$

155,351

 

 

$

151,991

 

Due within one to three years

 

 

52,978

 

 

 

53,115

 

Total cash equivalents and marketable debt securities

 

$

208,329

 

 

$

205,106

 

 

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 July 31, 2019 and January 31, 2019:

 

 

 

As of July 31, 2019

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

 

$

17,409

 

 

$

17,409

 

 

$

 

 

$

 

Commercial paper

 

 

59,934

 

 

 

 

 

 

59,934

 

 

 

 

Corporate bonds

 

 

96,758

 

 

 

 

 

 

96,758

 

 

 

 

Asset-backed securities

 

 

14,500

 

 

 

 

 

 

14,500

 

 

 

 

U.S. government securities

 

 

19,728

 

 

 

 

 

 

19,728

 

 

 

 

Total cash equivalents and marketable debt securities

 

$

208,329

 

 

$

17,409

 

 

$

190,920

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2019

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

 

$

8,914

 

 

$

8,914

 

 

$

 

 

$

 

Certificates of Deposit

 

 

7,012

 

 

 

7,012

 

 

 

 

 

 

 

Commercial paper

 

 

68,233

 

 

 

 

 

 

68,233

 

 

 

 

Corporate bonds

 

 

87,360

 

 

 

 

 

 

87,360

 

 

 

 

Asset-backed securities

 

 

11,604

 

 

 

 

 

 

11,604

 

 

 

 

U.S. government securities

 

 

21,983

 

 

 

 

 

 

21,983

 

 

 

 

Total cash equivalents and marketable debt securities

 

$

205,106

 

 

$

15,926

 

 

$

189,180

 

 

$