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Marketable Securities (Tables)
12 Months Ended
Jan. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Summary of Available-For-Sale Marketable Securities
The following is a summary of available-for-sale marketable securities, excluding those securities classified within cash and cash equivalents on the consolidated balance sheets:
January 31, 2023
(in thousands)Amortized CostUnrealized GainUnrealized LossesFair Value
Corporate bonds$39,922 $$(68)$39,862 
Municipal bonds12,429 22 — 12,451 
U.S. government and agency securities128,898 (367)$128,537 
Certificates of deposit59,545 28 (155)$59,419 
Commercial paper150,131 41 (202)149,970 
Marketable securities$390,925 $105 $(791)$390,239 
January 31, 2022
(in thousands)Amortized CostUnrealized GainUnrealized LossesFair Value
Corporate bonds$124,639 $$(163)$124,477 
U.S. government and agency securities37,725 — (35)37,690 
Commercial paper48,818 — (2)48,816 
Marketable securities$211,182 $$(200)$210,983 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following table presents estimated fair value and gross unrealized losses of debt securities in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by security category and length of time such securities have been in a continuous unrealized loss position as of January 31, 2023. There are no securities that have been in an unrealized loss position for greater than 12 months. There are no expected credit losses that have been recorded against the Company’s investment securities as of January 31, 2023.
Less Than One Year
Fair ValueGross Unrealized Losses
Corporate bonds$39,862 $(68)
U.S. government and agency securities$128,537 $(367)
Certificate of deposits$59,419 $(155)
Commercial paper$149,970 $(202)