Fair Value Measurements (Tables)

12 Months Ended

Jan. 31, 2016

Financial assets measured and recorded at fair value on a recurring basis consisted of the following types of instruments:



	Fair Value as of January 31, 2016								Fair Value as of January 25, 2015
(in thousands)	Total		(Level 1)		(Level 2)		(Level 3)		Total		(Level 1)		(Level 2)		(Level 3)
Cash equivalents	$	16,866	$	16,866	$	—	$	—	$	23,271	$	23,271	$	—	$	—
Total available-for-sale securities	16,866		16,866		—		—		23,271		23,271		—		—
Interest rate cap	—		—		—		—		33		—		33		—
Total financial assets	$	16,866	$	16,866	$	—	$	—	$	23,304	$	23,271	$	33	$	—

Triune Earn-Out	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Cycleo Earn-Out	1,457		—		—		1,457		1,619		—		—		1,619
Total financial liabilities	$	1,457	$	—	$	—	$	1,457	$	1,619	$	—	$	—	$	1,619

A reconciliation of the change in the earn-out liability during the twelve months ended January 31, 2016 is as follows:



(in thousands)	Cycleo			Triune			Total
Balance at January 25, 2015	$	1,619		$	—		$	1,619
Additions to earn-out obligations	—			16,200			16,200
Changes in fair value of contingent earn-out obligations	(162		)	(16,200		)	(16,362		)
Balance as of January 31, 2016	$	1,457		$	—		$	1,457

Financial assets measured and recorded at fair value on a recurring basis were presented on the Company’s consolidated balance sheets as follows:



	Fair Value as of January 31, 2016								Fair Value as of January 25, 2015
(in thousands)	Total		(Level 1)		(Level 2)		(Level 3)		Total		(Level 1)		(Level 2)		(Level 3)
Financial assets:
Cash equivalents	$	16,866	$	16,866	$	—	$	—	$	23,271	$	23,271	$	—	$	—
Other assets	—		—		—		—		33		—		33		—
Total financial assets	$	16,866	$	16,866	$	—	$	—	$	23,304	$	23,271	$	33	$	—

Financial liabilities:
Cycleo Earn-Out	$	1,457	$	—	$	—	$	1,457	$	1,619	$	—	$	—	$	1,619
Total financial liabilities	$	1,457	$	—	$	—	$	1,457	$	1,619	$	—	$	—	$	1,619