Income Taxes (Tables)
|
12 Months Ended |
Jan. 31, 2017 |
|---|
| Income Tax Disclosure [Abstract] |
|
| Components of Loss from Continuing Operations before Income Taxes |
The components of loss from continuing operations before income
taxes are as follows:
|
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|
|
|
|
|
|
|
|
|
|
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| |
|
For the Fiscal Years Ended
January 31, |
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| |
|
2017 |
|
|
2016 |
|
|
2015 |
|
| |
|
(Amounts in
thousands) |
|
|
Domestic
|
|
$ |
(40,452 |
) |
|
$ |
(38,709 |
) |
|
$ |
(25,920 |
) |
|
Foreign
|
|
|
(16,166 |
) |
|
|
(10,044 |
) |
|
|
(2,694 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations before income taxes
|
|
$ |
(56,618 |
) |
|
$ |
(48,753 |
) |
|
$ |
(28,614 |
) |
|
|
|
|
|
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|
| Components of Income Tax Provision (Benefit) from Continuing Operations |
The components of the income tax provision (benefit) from
continuing operations are as follows:
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| |
|
For the Fiscal Years Ended January 31,
|
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| |
|
2017 |
|
|
2016 |
|
|
2015 |
|
| |
|
(Amounts in
thousands) |
|
|
Current:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
State
|
|
|
50 |
|
|
|
50 |
|
|
|
(762 |
) |
|
Foreign
|
|
|
(94 |
) |
|
|
(49 |
) |
|
|
24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
(44 |
) |
|
|
1 |
|
|
|
(738 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Deferred:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign
|
|
|
14,675 |
|
|
|
(1,030 |
) |
|
|
(368 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
14,675 |
|
|
|
(1,030 |
) |
|
|
(368 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax (benefit) provision
|
|
$ |
14,631 |
|
|
$ |
(1,029 |
) |
|
$ |
(1,106 |
) |
|
|
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|
| Income Tax Provision (Benefit) for Continuing Operations Computed Using Federal Statutory Income Tax Rate |
The income tax provision (benefit) for continuing operations
computed using the federal statutory income tax rate differs from
our effective tax rate primarily due to the following:
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For the Fiscal Years Ended
January 31, |
|
| |
|
2017
|
|
|
2016
|
|
|
2015
|
|
| |
|
(Amounts in
thousands) |
|
|
Statutory U.S. federal tax rate
|
|
$ |
(19,816 |
) |
|
$ |
(17,066 |
) |
|
$ |
(10,014 |
) |
|
State taxes, net of federal tax benefit
|
|
|
32 |
|
|
|
33 |
|
|
|
(779 |
) |
|
Income (losses) not benefitted
|
|
|
10,679 |
|
|
|
15,712 |
|
|
|
8,913 |
|
|
Non-deductible stock compensation expense
|
|
|
266 |
|
|
|
3 |
|
|
|
— |
|
|
Other non-deductible items(1)
|
|
|
252 |
|
|
|
(31 |
) |
|
|
(74 |
) |
|
Innovative technology and development incentive
|
|
|
— |
|
|
|
(189 |
) |
|
|
(68 |
) |
|
Foreign tax rate differential
|
|
|
3,499 |
|
|
|
509 |
|
|
|
916 |
|
|
APB 23 deferred tax liability
|
|
|
14,675 |
|
|
|
— |
|
|
|
— |
|
|
Goodwill impairment
|
|
|
5,044 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Income tax provision (benefit)
|
|
$ |
14,631 |
|
|
$ |
(1,029 |
) |
|
$ |
(1,106 |
) |
|
|
|
|
|
|
|
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|
| (1) |
Within the other line in the table
above, other non-deductible items were $0.1 million and ($0.2)
million for the fiscal years ended January 31, 2017 and 2016,
respectively, and were immaterial for fiscal 2015. These items have
been aggregated with various adjustments related to differences in
prior year U.S. and foreign tax provisions and the actual returns
filed. |
|
| Components of Deferred Income Taxes |
The components of deferred income taxes are as follows:
|
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|
|
|
|
|
|
|
| |
|
January 31, |
|
| |
|
2017 |
|
|
2016 |
|
| |
|
(Amounts in
thousands) |
|
|
Deferred tax assets:
|
|
|
|
|
|
|
|
|
|
Accruals and reserves
|
|
$ |
1,815 |
|
|
$ |
5,041 |
|
|
Deferred revenue
|
|
|
79 |
|
|
|
346 |
|
|
Stock-based compensation expense
|
|
|
3,730 |
|
|
|
3,655 |
|
|
U.S. federal, state and foreign tax credits
|
|
|
7,459 |
|
|
|
7,510 |
|
|
Intangible assets
|
|
|
6,834 |
|
|
|
7,153 |
|
|
Loss carryforwards
|
|
|
38,356 |
|
|
|
24,172 |
|
|
|
|
|
|
|
|
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Deferred tax assets
|
|
|
58,273 |
|
|
|
47,877 |
|
|
Less: Valuation allowance
|
|
|
(58,134 |
) |
|
|
(47,368 |
) |
|
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|
|
|
|
|
|
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|
Net deferred tax assets
|
|
|
139 |
|
|
|
509 |
|
|
Deferred tax liabilities:
|
|
|
|
|
|
|
|
|
|
APB 23 deferred tax liability
|
|
|
14,675 |
|
|
|
— |
|
|
Other
|
|
|
75 |
|
|
|
75 |
|
|
Property and equipment
|
|
|
121 |
|
|
|
426 |
|
|
|
|
|
|
|
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Total net deferred tax (liabilities) assets
|
|
$ |
(14,732 |
) |
|
$ |
8 |
|
|
|
|
|
|
|
|
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|
| Reconciliation of Beginning and Ending Balance of Total Amounts of Gross Unrecognized Tax Benefits |
A reconciliation of the beginning and ending balance of the total
amounts of gross unrecognized tax benefits, excluding interest of
$0.3 million, is as follows:
|
|
|
|
|
|
|
|
|
| |
|
For the Fiscal Years Ended January 31,
|
|
| |
|
2017
|
|
|
2016
|
|
| |
|
(Amounts in
thousands) |
|
|
Balance of gross unrecognized tax benefits, beginning of period
|
|
$ |
5,151 |
|
|
$ |
5,527 |
|
|
Gross amounts of increases in unrecognized tax benefits as a result
of tax positions taken in the current period
|
|
|
321 |
|
|
|
— |
|
|
Decrease due to expiration of statute of limitation
|
|
|
(269 |
) |
|
|
(325 |
) |
|
Decrease for tax positions related to prior years
|
|
|
(96 |
) |
|
|
— |
|
|
Effect of currency translation
|
|
|
(14 |
) |
|
|
(51 |
) |
|
|
|
|
|
|
|
|
|
|
Balance of gross unrecognized tax benefits, end of period
|
|
$ |
5,093 |
|
|
$ |
5,151 |
|
|
|
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