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Condensed consolidated statements of cash flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Cash flows from operating activities:    
Net income $ 61,188 $ 45,094
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,722 8,916
Unrealized (gains) losses on marketable equity securities and other (27,180) 86
Deferred taxes 7,868 2,351
Stock-based compensation 13,618 9,727
Changes in operating assets and liabilities:    
Accounts receivable (1,689) (3,304)
Other assets (5,036) (6,921)
Operating lease right-of-use assets 1,286  
Accounts payable (1,083) (837)
Accrued compensation (5,926) (2,826)
Accrued liabilities and other current liabilities 4,942 56
Operating lease liabilities, non-current (1,210)  
Other long-term liabilities 331 298
Net cash provided by operating activities 56,831 52,640
Cash flows from investing activities:    
Purchases of intangible member assets (1,736) (1,014)
Purchases of marketable equity securities and other (53,845) (368)
Purchases of property and equipment (3,492) (2,690)
Purchases of software and capitalized software development costs (9,518) (4,701)
Net cash used in investing activities (68,591) (8,773)
Cash flows from financing activities:    
Proceeds from follow-on equity offering, net of payments for offering costs 458,881 0
Proceeds from exercise of common stock options 6,564 18,469
Net cash provided by financing activities 465,445 18,469
Increase in cash and cash equivalents 453,685 62,336
Beginning cash and cash equivalents 361,475 199,472
Ending cash and cash equivalents 815,160 261,808
Supplemental cash flow data:    
Interest expense paid in cash 101 101
Income taxes paid in cash, net of refunds received 9,119 554
Supplemental disclosures of non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable or accrued liabilities at period end 3 14
Exercise of common stock options receivable 87 135
Follow-on equity offering costs accrued during the period 386 0
Debt issuance costs accrued during the period 345 0
Software    
Supplemental disclosures of non-cash investing and financing activities:    
Purchases of intangible assets 487 175
Intangible member assets    
Supplemental disclosures of non-cash investing and financing activities:    
Purchases of intangible assets $ 6,500 $ 181