XML 33 R23.htm IDEA: XBRL DOCUMENT v3.19.1
Fair Value Measurements (Tables)
3 Months Ended
Apr. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured at Fair Value on Recurring Basis

The following table presents information about our financial instruments that are measured at fair value on a recurring basis using the input categories further discussed in Note 1. “Summary of Business and Significant Accounting Policies” in the Notes to Consolidated Financial Statements in our Prospectus:

 

 

 

April 30, 2019

 

 

 

Fair Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

202,605

 

 

$

202,605

 

 

$

—

 

 

$

—

 

Treasury bills

 

 

253,796

 

 

 

—

 

 

 

253,796

 

 

 

—

 

Cash equivalents

 

 

456,401

 

 

 

202,605

 

 

 

253,796

 

 

 

—

 

Corporate bonds

 

 

53,739

 

 

 

—

 

 

 

53,739

 

 

 

—

 

Agency bonds

 

 

21,458

 

 

 

—

 

 

 

21,458

 

 

 

—

 

U.S. government agency securities

 

 

32,192

 

 

 

—

 

 

 

32,192

 

 

 

—

 

Marketable securities

 

 

107,389

 

 

 

—

 

 

 

107,389

 

 

 

—

 

Certificate of deposit

 

 

200

 

 

 

—

 

 

 

200

 

 

 

—

 

Prepaid expenses and other current assets

 

 

200

 

 

 

—

 

 

 

200

 

 

 

—

 

Certificates of deposit

 

 

2,144

 

 

 

—

 

 

 

2,144

 

 

 

—

 

Other assets, non-current

 

 

2,144

 

 

 

—

 

 

 

2,144

 

 

 

—

 

Total financial assets

 

$

566,134

 

 

$

202,605

 

 

$

363,529

 

 

$

—

 

 

 

 

January 31, 2019

 

 

 

Fair Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

78

 

 

$

78

 

 

$

—

 

 

$

—

 

Cash equivalents

 

 

78

 

 

 

78

 

 

 

—

 

 

 

—

 

Commercial paper

 

 

1,243

 

 

 

—

 

 

 

1,243

 

 

 

—

 

Corporate bonds

 

 

53,214

 

 

 

—

 

 

 

53,214

 

 

 

—

 

Agency bonds

 

 

32,604

 

 

 

—

 

 

 

32,604

 

 

 

—

 

U.S. government agency securities

 

 

24,017

 

 

 

—

 

 

 

24,017

 

 

 

—

 

Treasury bills

 

 

1,699

 

 

 

—

 

 

 

1,699

 

 

 

—

 

Marketable securities

 

 

112,777

 

 

 

—

 

 

 

112,777

 

 

 

—

 

Certificate of deposit

 

 

200

 

 

 

—

 

 

 

200

 

 

 

—

 

Prepaid expenses and other current assets

 

 

200

 

 

 

—

 

 

 

200

 

 

 

—

 

Certificates of deposit

 

 

2,144

 

 

 

—

 

 

 

2,144

 

 

 

—

 

Other assets, non-current

 

 

2,144

 

 

 

—

 

 

 

2,144

 

 

 

—

 

Total financial assets

 

$

115,199

 

 

$

78

 

 

$

115,121

 

 

$

—

 

Financial Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible promissory notes – derivative

   liabilities

 

$

163

 

 

$

—

 

 

$

—

 

 

$

163

 

Other liabilities, non-current

 

 

163

 

 

 

—

 

 

 

—

 

 

 

163

 

Total financial liabilities

 

$

163

 

 

$

—

 

 

$

—

 

 

$

163

 

Summary of Changes in Fair Value of Financial Instruments The following table sets forth a summary of the changes in the fair value of our Level 3 financial instruments as follows:

 

 

 

Derivative

Liabilities

 

 

 

(in thousands)

 

Balance - January 31, 2019

 

$

163

 

Extinguishment of derivative liabilities from the convertible

   promissory notes in connection with the IPO

 

 

(163

)

Balance - April 30, 2019

 

$

—