XML 29 R18.htm IDEA: XBRL DOCUMENT v3.20.2
Income Taxes
9 Months Ended
Oct. 31, 2020
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesThe Company determines its income tax provision for interim periods using an estimate of its annual effective tax rate adjusted for discrete items occurring during the periods presented. The Company recorded income tax benefits of $0.6 million and $0.5 million for the three and nine months ended October 31, 2020, respectively, and income tax benefits of $46 thousand and income tax expense of $0.9 million for the three and nine months ended October 31, 2019, respectively. During the three months ended October 31, 2020 income tax benefit increased by $0.6 million, as compared to the three months ended October 31, 2019, primarily due to the U.S. valuation allowance release as a result of the Stella Connect and Sense360 acquisitions. During the nine months ended October 31, 2020 income tax expense decreased by $1.3 million, as compared to the nine months ended October 31, 2019, primarily due to the U.S. valuation allowance release as a result of the Stella Connect and Sense360 acquisitions, and excess tax benefits from stock-based compensation deductions in the United Kingdom.The Company is subject to taxation in the United States and various other state and foreign jurisdictions. The material jurisdictions in which the Company is subject to potential examination include the United States, Israel, Argentina, and the United Kingdom. The Company is currently not under examination by the Internal Revenue Service (IRS) or by any local taxing authority for any tax years. All tax years remain open to examination by the IRS and local taxing authorities.