Related Parties

6 Months Ended

Jul. 31, 2020

Related Party Transactions [Abstract]

Related Parties

Note 15. Related Parties

Morgan Stanley, together with its affiliates, held more than 10% of the Company’s voting common stock. Morgan Stanley was a counterparty to certain capped call transactions with the Company, was an initial purchaser in the offering of the 2025 Notes and the 2023 Notes, and is also a customer of the Company. In June 2019 and January 2018, the Company paid approximately $29.7 million and $7.0 million to Morgan Stanley in the connection with its purchase of capped calls relating to the 2025 Notes and 2023 Notes, respectively. Morgan Stanley also earned fees of $8.0 million and $2.8 million for acting as an initial purchaser of the 2025 Notes and 2023 Notes, respectively. As of July 31, 2020 and 2019, the Company had a receivables balance from this customer of approximately $130,000 and zero, respectively. For the three and six months ended July 31, 2020 and 2019, the Company’s revenue recognized from this customer were not material.