Fair Value Measurements |
3.
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Fair Value Measurements
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The following tables set forth our financial assets that were accounted for at fair value on a recurring basis. There were no fair value measurements of our financial assets using level 3 inputs for the periods presented:
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|
|
|
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Fair Value at July 31, 2019 Using
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Total
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Level 1
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|
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Level 2
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(Amounts in thousands)
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Assets:
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|
|
|
|
|
|
|
|
|
|
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Cash equivalents
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$
|
333
|
|
|
$
|
-
|
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|
$
|
333
|
|
Marketable securities:
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|
|
|
|
|
|
|
|
|
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U.S. Treasury Notes and bonds
|
|
|
6,585
|
|
|
|
6,585
|
|
|
|
—
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|
U.S. Agency bonds
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|
|
998
|
|
|
|
—
|
|
|
|
998
|
|
Corporate bonds
|
|
|
2,006
|
|
|
|
—
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|
|
|
2,006
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Total
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$
|
9,922
|
|
|
$
|
6,585
|
|
|
$
|
3,337
|
|
|
|
|
|
|
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Fair Value at January 31, 2019 Using
|
|
|
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Total
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|
|
Level 1
|
|
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Level 2
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|
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(Amounts in thousands)
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|
Assets:
|
|
|
|
|
|
|
|
|
|
|
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Cash equivalents
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|
$
|
2,887
|
|
|
$
|
2,724
|
|
|
$
|
163
|
|
Marketable securities:
|
|
|
|
|
|
|
|
|
|
|
|
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U.S. Treasury Notes and bonds
|
|
|
7,072
|
|
|
|
7,072
|
|
|
|
—
|
|
U.S. Agency bonds
|
|
|
992
|
|
|
|
—
|
|
|
|
992
|
|
Corporate bonds
|
|
|
2,295
|
|
|
|
—
|
|
|
|
2,295
|
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Total
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|
$
|
13,246
|
|
|
$
|
9,796
|
|
|
$
|
3,450
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Cash equivalents include money market funds and U.S. treasury bills.
Marketable securities by security type consisted of the following:
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As of July 31, 2019
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Amortized
Cost
|
|
|
Gross
Unrealized
Gains
|
|
|
Gross
Unrealized
Losses
|
|
|
Fair Value
|
|
|
|
(Amounts in thousands)
|
|
U.S. Treasury Notes and bonds
|
|
$
|
6,513
|
|
|
$
|
72
|
|
|
$
|
—
|
|
|
$
|
6,585
|
|
U.S. Agency bonds
|
|
|
1,000
|
|
|
|
—
|
|
|
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(2
|
)
|
|
|
998
|
|
Corporate bonds
|
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|
2,007
|
|
|
|
—
|
|
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(1
|
)
|
|
|
2,006
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|
|
|
$
|
9,520
|
|
|
$
|
72
|
|
|
$
|
(3
|
)
|
|
$
|
9,589
|
|
|
|
As of January 31, 2019
|
|
|
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Amortized
Cost
|
|
|
Gross
Unrealized
Gains
|
|
|
Gross
Unrealized
Losses
|
|
|
Fair Value
|
|
|
|
(Amounts in thousands)
|
|
U.S. Treasury Notes and bonds
|
|
$
|
7,055
|
|
|
$
|
17
|
|
|
$
|
—
|
|
|
$
|
7,072
|
|
U.S. Agency bonds
|
|
|
1,001
|
|
|
|
—
|
|
|
|
(9
|
)
|
|
|
992
|
|
Corporate Bonds
|
|
|
2,308
|
|
|
|
—
|
|
|
|
(13
|
)
|
|
|
2,295
|
|
|
|
$
|
10,364
|
|
|
$
|
17
|
|
|
$
|
(22
|
)
|
|
$
|
10,359
|
|
As of July 31, 2019, marketable securities consisted of investments that mature within one year, with the exception of investments with a fair value of $3.8 million that mature between one and three years.
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