|
Fair Value Measurements (Tables)
|
6 Months Ended |
|
Jul. 31, 2012
|
| Fair Value Disclosures [Abstract] |
|
| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
Our financial assets and liabilities that are measured at fair value on a recurring basis as of July 31, 2012 are as follows:
| |
|
July 31, |
|
|
Fair Value Measurements Using |
|
| |
|
2012 |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| |
|
|
|
|
(in thousands) |
|
| Financial assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money market accounts (a) |
|
$ |
2,535 |
|
|
$ |
2,535 |
|
|
$ |
- |
|
|
$ |
- |
|
| U.S. government agency issues (a) |
|
|
13,347 |
|
|
|
13,347 |
|
|
|
- |
|
|
|
- |
|
| Total assets |
|
$ |
15,882 |
|
|
$ |
15,882 |
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Forward exchange contract |
|
$ |
1,477 |
|
|
$ |
1,477 |
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Acquisition-related consideration (b) |
|
$ |
9,513 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
9,513 |
|
|
(a) |
Money market funds and US government agency securities, included in cash and cash equivalents in the accompanying balance sheet, are valued at quoted market prices for identical instruments in active markets. |
|
(b) |
The fair value of our contingent consideration arrangement is determined based on our evaluation as to the probability and amount of any earn-out that will be achieved based on expected future performance by the acquired entity, as well as the fair value of fixed purchase price. |
|
| Schedule Of Reconciliation Of Assets and Liabilities Transferred From Level 1 To Level 2 [Table Text Block] |
The following table sets forth the activity of our Level 1 investments. Investments are classified as Level 1 when there is a current active market:
| |
|
Level 1 |
|
| |
|
Marketable Securities |
|
| |
|
(in thousands) |
|
| Ending balance January 31, 2012 |
|
$ |
11,995 |
|
| Purchases |
|
|
10,526 |
|
| Sales/Maturities |
|
|
(9,174 |
) |
| Ending balance July 31, 2012 |
|
$ |
13,347 |
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
The following table sets forth a reconciliation of assets measured at fair value on a recurring basis with the use of significant unobservable inputs (Level 3) for the three months ended July 31, 2012:
| |
|
Level 3 |
|
| |
|
Accrued Contingent |
|
| |
|
Consideration |
|
| |
|
(in thousands) |
|
| Ending balance April 30, 2012 |
|
$ |
10,871 |
|
| Change in fair value of contingent consideration |
|
|
46 |
|
| Contingency payment |
|
|
(2,754 |
) |
| Additional contingent earnout |
|
|
1,800 |
|
| Translation adjustment |
|
|
(450 |
) |
| Ending balance July 31, 2012 |
|
$ |
9,513 |
|
|
| Schedule of Available-for-sale Securities Reconciliation [Table Text Block] |
The following is a summary of available for sale securities:
| |
|
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Estimated
Fair Value |
|
| |
|
(in thousands) |
|
| July 31, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
90,035 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
90,035 |
|
| Cash equivalents |
|
|
2,535 |
|
|
|
- |
|
|
|
- |
|
|
|
2,535 |
|
| Cash and cash equivalents |
|
|
92,570 |
|
|
|
- |
|
|
|
- |
|
|
|
92,570 |
|
| US government agency issues |
|
|
3,011 |
|
|
|
70 |
|
|
|
- |
|
|
|
3,081 |
|
| Corporate debt securities |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
- |
|
| Marketable securities—short-term |
|
|
3,011 |
|
|
|
70 |
|
|
|
- |
|
|
|
3,081 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| US government agency issues |
|
|
10,232 |
|
|
|
34 |
|
|
|
- |
|
|
|
10,266 |
|
| Marketable securities—long-term |
|
|
10,232 |
|
|
|
34 |
|
|
|
- |
|
|
|
10,266 |
|
| Total cash equivalents and marketable securities |
|
$ |
105,813 |
|
|
$ |
104 |
|
|
$ |
- |
|
|
$ |
105,917 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| January 31, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
74,226 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
74,226 |
|
| Cash equivalents |
|
|
6,359 |
|
|
|
- |
|
|
|
- |
|
|
|
6,359 |
|
| Cash and cash equivalents |
|
|
80,585 |
|
|
|
- |
|
|
|
- |
|
|
|
80,585 |
|
| US government agency issues |
|
|
6,781 |
|
|
|
68 |
|
|
|
- |
|
|
|
6,849 |
|
| Corporate debt securities |
|
|
1,000 |
|
|
|
6 |
|
|
|
|
|
|
|
1,006 |
|
| Marketable securities—short-term |
|
|
7,781 |
|
|
|
74 |
|
|
|
- |
|
|
|
7,855 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| US government agency issues |
|
|
4,126 |
|
|
|
14 |
|
|
|
- |
|
|
|
4,140 |
|
| Marketable securities—long-term |
|
|
4,126 |
|
|
|
14 |
|
|
|
- |
|
|
|
4,140 |
|
| Total cash equivalents and marketable securities |
|
$ |
92,492 |
|
|
$ |
88 |
|
|
$ |
- |
|
|
$ |
92,580 |
|
|
| Investments Classified by Contractual Maturity Date [Table Text Block] |
The following is a schedule of the contractual maturities of available-for-sale investments:
| |
|
July 31, |
|
|
January 31, |
|
| |
|
2012 |
|
|
2012 |
|
| Investment Maturities: |
|
(in thousands) |
|
| Less than one year |
|
$ |
3,081 |
|
|
$ |
7,855 |
|
| One to three years |
|
|
10,266 |
|
|
|
4,140 |
|
| |
|
$ |
13,347 |
|
|
$ |
11,995 |
|
|