XML 119 R22.htm IDEA: XBRL DOCUMENT v3.19.2
Fair Value Measurements (Tables)
6 Months Ended
Jul. 31, 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:
July 31, 2019
Fair ValueLevel 1Level 2Level 3
(in thousands)
Financial Assets:
Money market funds$95,577  $95,577  $—  $—  
Commercial paper14,239  —  14,239  —  
Corporate debt securities4,900  —  4,900  —  
Treasury bills19,487  —  19,487  —  
Cash equivalents134,203  95,577  38,626  —  
Commercial paper54,007  —  54,007  —  
Agency bonds18,399  —  18,399  —  
Corporate and other debt securities269,209  —  269,209  —  
U.S. government agency securities97,762  —  97,762  —  
Treasury bills102,003  —  102,003  —  
Marketable securities541,380  —  541,380  —  
Certificate of deposit100  —  100  —  
Prepaid expenses and other current assets100  —  100  —  
Certificates of deposit2,044  —  2,044  —  
Other assets, non-current2,044  —  2,044  —  
Total financial assets$677,727  $95,577  $582,150  $—  

January 31, 2019
Fair ValueLevel 1Level 2Level 3
(in thousands)
Financial Assets:
Money market funds$78  $78  $—  $—  
Cash equivalents78  78  —  —  
Commercial paper1,243  —  1,243  —  
Corporate bonds53,214  —  53,214  —  
Agency bonds32,604  —  32,604  —  
U.S. government agency securities24,017  —  24,017  —  
Treasury bills1,699  —  1,699  —  
Marketable securities112,777  —  112,777  —  
Certificate of deposit200  —  200  —  
Prepaid expenses and other current assets200  —  200  —  
Certificates of deposit2,144  —  2,144  —  
Other assets, non-current2,144  —  2,144  —  
Total financial assets$115,199  $78  $115,121  $—  
Financial Liabilities:
Convertible promissory notes – derivative liabilities$163  $—  $—  $163  
Other liabilities, non-current163  —  —  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$163  
Extinguishment of derivative liabilities from the convertible promissory notes in connection with the IPO
(163) 
Balance - July 31, 2019$—