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Revenue (Tables)
6 Months Ended
Jul. 31, 2018
Accounting Standards Update 2014-09  
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]  
Summary of Financial Statement Impact of ASC 606

The following tables present the amount by which each condensed consolidated financial statement line item is affected as of and for the three and six months ended July 31, 2018 by ASC Topic 606 (in thousands, except per share data):

 

 

 

July 31, 2018

 

 

 

As Reported

 

 

Balances

without

adoption of

ASC Topic 606

 

 

Effect of Change

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable*

 

$

114,779

 

 

$

114,622

 

 

$

157

 

Deferred commissions

 

 

16,855

 

 

 

14,623

 

 

 

2,232

 

Deferred commissions, non-current

 

 

44,059

 

 

 

7,041

 

 

 

37,018

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

 

281,765

 

 

 

284,249

 

 

 

(2,484

)

Deferred revenue, non-current

 

 

19,752

 

 

 

22,042

 

 

 

(2,290

)

Accumulated deficit

 

 

(1,074,008

)

 

 

(1,118,189

)

 

 

44,181

 

 

 

*

Contract assets are reported as part of accounts receivable upon the adoption of ASC Topic 606.

 

 

Three Months Ended July 31, 2018

 

 

 

Six Months Ended July 31, 2018

 

 

As Reported

 

 

Balances

without

adoption of

ASC Topic 606

 

 

Effect of Change

 

 

 

As Reported

 

 

Balances

without

adoption of

ASC Topic 606

 

 

Effect of Change

 

Revenue

$

148,222

 

 

$

150,941

 

 

$

(2,719

)

 

 

$

288,729

 

 

$

294,194

 

 

$

(5,465

)

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing

 

76,984

 

 

 

82,588

 

 

 

(5,604

)

 

 

 

153,982

 

 

 

163,826

 

 

 

(9,844

)

Loss from operations

 

(37,219

)

 

 

(40,104

)

 

 

2,885

 

 

 

 

(73,079

)

 

 

(77,458

)

 

 

4,379

 

Net loss

 

(38,085

)

 

 

(40,970

)

 

 

2,885

 

 

 

 

(74,722

)

 

 

(79,101

)

 

 

4,379

 

Net loss per common share, basic

   and diluted

$

(0.27

)

 

$

(0.29

)

 

$

0.02

 

 

 

$

(0.54

)

 

$

(0.57

)

 

$

0.03

 

Weighted-average shares used to

   compute net loss per share, basic

   and diluted

 

140,718

 

 

 

140,718

 

 

 

140,718

 

 

 

 

139,639

 

 

 

139,639

 

 

 

139,639

 

 

 

Three Months Ended July 31, 2018

 

 

 

Six Months Ended July 31, 2018

 

 

As Reported

 

 

Balances

without

adoption of

ASC Topic 606

 

 

Effect of Change

 

 

 

As Reported

 

 

Balances

without

adoption of

ASC Topic 606

 

 

Effect of Change

 

CASH FLOWS FROM OPERATING ACTIVITIES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

$

(38,085

)

 

$

(40,970

)

 

$

2,885

 

 

 

$

(74,722

)

 

$

(79,101

)

 

$

4,379

 

Adjustments to reconcile net loss to net cash

   (used in) provided by operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of deferred commissions

 

4,040

 

 

 

5,980

 

 

 

(1,940

)

 

 

 

7,715

 

 

 

11,942

 

 

 

(4,227

)

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable, net

 

(23,754

)

 

 

(23,793

)

 

 

39

 

 

 

 

47,936

 

 

 

47,511

 

 

 

425

 

Deferred commissions

 

(8,588

)

 

 

(4,924

)

 

 

(3,664

)

 

 

 

(13,304

)

 

 

(7,687

)

 

 

(5,617

)

Deferred revenue

 

14,568

 

 

 

11,888

 

 

 

2,680

 

 

 

 

(9,592

)

 

 

(14,632

)

 

 

5,040

 

Net cash (used in) provided by

   operating activities

 

(1,267

)

 

 

(1,267

)

 

 

—

 

 

 

 

17,173

 

 

 

17,173

 

 

 

—