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Financial Instruments and Fair Value (Tables)
3 Months Ended
Apr. 30, 2021
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 April 30, 2021

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market funds

 

$

2,342

 

 

$

 

 

$

 

 

$

2,342

 

Commercial paper

 

 

64,978

 

 

 

 

 

 

 

 

 

64,978

 

Corporate bonds

 

 

99,950

 

 

 

665

 

 

 

(31

)

 

 

100,584

 

Asset-backed securities

 

 

17,000

 

 

 

105

 

 

 

(7

)

 

 

17,098

 

U.S. government securities

 

 

29,799

 

 

 

62

 

 

 

(2

)

 

 

29,859

 

Total cash equivalents and marketable debt securities

 

$

214,069

 

 

$

832

 

 

$

(40

)

 

$

214,861

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2021

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market funds

 

$

171

 

 

$

 

 

$

 

 

$

171

 

Commercial paper

 

 

66,181

 

 

 

 

 

 

 

 

 

66,181

 

Corporate bonds

 

 

102,108

 

 

 

980

 

 

 

(7

)

 

 

103,081

 

Asset-backed securities

 

 

15,740

 

 

 

164

 

 

 

 

 

 

15,904

 

U.S. government securities

 

 

29,383

 

 

 

82

 

 

 

 

 

 

29,465

 

Total cash equivalents and marketable debt securities

 

$

213,583

 

 

$

1,226

 

 

$

(7

)

 

$

214,802

 

Schedule of Cash Equivalents and Marketable Debt Securities

 

          As of April 30, 2021, there were no debt securities with unrealized losses for more than twelve months.

 

 

 

As of

 

 

 

April 30, 2021

 

 

January 31, 2021

 

 

 

(in thousands)

 

Included in cash equivalents

 

$

6,841

 

 

$

15,368

 

Included in marketable debt securities

 

 

208,020

 

 

 

199,434

 

Total cash equivalents and marketable debt securities

 

$

214,861

 

 

$

214,802

 

Summary of Contractual Maturities of Investments

The contractual maturities of the investments at April 30, 2021 and January 31, 2021 were as follows:

 

 

 

As of

 

 

 

April 30, 2021

 

 

January 31, 2021

 

 

 

(in thousands)

 

Due within one year

 

$

134,814

 

 

$

135,899

 

Due within one to three years

 

 

80,047

 

 

 

78,903

 

Total cash equivalents and marketable debt securities

 

$

214,861

 

 

$

214,802

 

 

Schedule of Fair Value of Financial Instruments Measured on Recurring Basis

The following tables present the fair value of the financial instruments measured on a recurring basis as of April 30, 2021 and January 31, 2021, respectively:

 

 

 

As of April 30, 2021

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

 

$

2,342

 

 

$

2,342

 

 

$

 

 

$

 

Commercial paper

 

 

64,978

 

 

 

 

 

 

64,978

 

 

 

 

Corporate bonds

 

 

100,584

 

 

 

 

 

 

100,584

 

 

 

 

Asset-backed securities

 

 

17,098

 

 

 

 

 

 

17,098

 

 

 

 

U.S. government securities

 

 

29,859

 

 

 

 

 

 

29,859

 

 

 

 

Total cash equivalents and marketable debt securities

 

$

214,861

 

 

$

2,342

 

 

$

212,519

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2021

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

 

$

171

 

 

$

171

 

 

$

 

 

$

 

Commercial paper

 

 

66,181

 

 

 

 

 

 

66,181

 

 

 

 

Corporate bonds

 

 

103,081

 

 

 

 

 

 

103,081

 

 

 

 

Asset-backed securities

 

 

15,904

 

 

 

 

 

 

15,904

 

 

 

 

U.S. government securities

 

 

29,465

 

 

 

 

 

 

29,465

 

 

 

 

Total cash equivalents and marketable debt securities

 

$

214,802

 

 

$

171

 

 

$

214,631

 

 

$