Fair Value Measurements (Tables)

6 Months Ended

Jul. 31, 2021

Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present information about the Company’s financial assets and liabilities that have been measured at fair value on a recurring basis as of July 31, 2021, and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):


	Level 1		Level 2		Level 3		Total
Financial Assets:
Cash Equivalents:
Money market funds	$	407,406	$	—	$	—	$	407,406


Marketable Securities:
Corporate bonds	—		24,334		—		24,334
U.S. government and agency securities	—		65,481		—		65,481
Commercial paper	—		24,991		—		24,991
Total financial assets	$	407,406	$	114,806	$	—	$	522,212

The following table represents the fair value hierarchy for the Company’s assets measured at fair value on a recurring basis as of January 31, 2021 (in thousands):


	Level 1		Level 2		Level 3		Total
Financial Assets:
Cash Equivalents:
Money market funds	$	37,451	$	—	$	—	$	37,451


Marketable Securities:
Corporate bonds	—		26,892		—		26,892
U.S. government and agency securities	—		125,824		—		125,824
Commercial paper	—		59,936		—		59,936
Total financial assets	$	37,451	$	212,652	$	—	$	250,103