Fair Value Measurement (Tables)

9 Months Ended

Oct. 31, 2015

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis

Financial liabilities measured at fair value on a recurring basis

The following table presents information about financial liabilities measured at fair value on a recurring basis as of October 31, 2015:

	Fair Value		Level 1		Level 2		Level 3
Contingent consideration	$	2,881	$	—	$	—	$	2,881

The following table presents information about financial liabilities measured at fair value on a recurring basis as of January 31, 2015:

	Fair Value		Level 1		Level 2		Level 3
Contingent consideration	$	4,563	$	—	$	—	$	4,563

Significant unobservable inputs

The fair value measurement of our contingent consideration as of October 31, 2015 encompasses the following significant unobservable inputs (Level 3):

Unobservable Inputs	Range
Total estimated contingent consideration	$782	-	$4,404
Discount rate	9.5%	-	16.0%
Timing of cash flows (in years)	1	-	3

Summary of level 3 activity

The following table summarizes contingent consideration activity:

Balance as of January 31, 2015	$	4,563
Payments	(1,525		)
Adjustments	(254		)
Interest accretion	97
Balance as of October 31, 2015	$	2,881

Schedule of notes payable

The following table summarizes the fair value and carrying value of notes payable:

As of	October 31, 2015		January 31, 2015
Fair value of notes payable	$	352,552	$	310,173
Carrying value of notes payable	$	240,488	$	230,400