Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.7.0.1
Fair Value Measurements (Tables)
3 Months Ended
Apr. 30, 2017
Fair Value Disclosures [Abstract]  
Fair Value of Financial Assets and Liabilities Measured on Recurring Basis

The following tables set forth our financial assets and liabilities that were accounted for at fair value on a recurring basis as of April 30, 2017 and January 31, 2017. There were no fair value measurements of our financial assets and liabilities using significant Level 3 inputs for the periods presented:

 

            Fair Value at April 30, 2017 Using  
            Quoted         
            Prices in      Significant  
            Active      Other  
            Markets for      Observable  
     April 30,      Identical Assets      Inputs  
     2017      (Level 1)      (Level 2)  
     (Amounts in thousands)  

Financial assets:

        

Money market accounts (a)

   $ 2,740      $ 2,740      $ —    

Available-for-sale marketable securities:

        

Current marketable securities:

        

U.S. treasury notes and bonds - conventional

     4,748        4,748        —    

U.S. government agency issues

     2,497        —          2,497  

Non-current marketable securities:

        

U.S. treasury notes and bonds - conventional

     1,495        1,495        —    

U.S. government agency issues

     1,494        —          1,494  
  

 

 

    

 

 

    

 

 

 

Total

   $ 12,974      $ 8,983      $ 3,991  
  

 

 

    

 

 

    

 

 

 
            Fair Value at January 31, 2017 Using  
            Quoted         
            Prices in      Significant  
            Active      Other  
            Markets for      Observable  
     January 31,      Identical Assets      Inputs  
     2017      (Level 1)      (Level 2)  
     (Amounts in thousands)  

Financial assets:

        

Money market accounts (a)

   $ 2,726      $ 2,726      $ —    

Available-for-sale marketable securities:

        

Current marketable securities:

        

U.S. treasury notes and bonds - conventional

     4,253        4,253        —    

U.S. government agency issues

     1,000        —          1,000  

Non-current marketable securities:

        

U.S. treasury notes and bonds - conventional

     1,997        1,997        —    

U.S. government agency issues

     2,994        —          2,994  
  

 

 

    

 

 

    

 

 

 

Total

   $ 12,970      $ 8,976      $ 3,994  
  

 

 

    

 

 

    

 

 

 

 

(a) Money market funds and U.S. treasury bills are included in cash and cash equivalents on the accompanying consolidated balance sheets and are valued at quoted market prices for identical instruments in active markets.
Summary of Available-for-Sale Securities

The following is a summary of cash, cash equivalents and available-for-sale securities, including the cost basis, aggregate fair value and gross unrealized gains and losses, for short- and long-term marketable securities portfolio as of April 30, 2017 and January 31, 2017:

 

     Amortized
Cost
     Gross
Unrealized
Gains
     Gross
Unrealized
Losses
     Estimated
Fair Value
 
     (Amounts in thousands)  

April 30, 2017

           

Cash

   $ 24,103      $ —        $ —        $ 24,103  

Cash equivalents

     2,740        —          —          2,740  
  

 

 

    

 

 

    

 

 

    

 

 

 

Cash and cash equivalents

     26,843        —          —          26,843  
  

 

 

    

 

 

    

 

 

    

 

 

 

U.S. treasury notes and bonds - short-term

     4,748        1        (1      4,748  

U.S. treasury notes and bonds - long-term

     1,502        —          (7      1,495  

U.S. government agency issues - short-term

     2,482        15        —          2,497  

U.S. government agency issues - long-term

     1,504        —          (10      1,494  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total cash, cash equivalents and marketable securities

   $ 37,079      $ 16      $ (18    $ 37,077  
  

 

 

    

 

 

    

 

 

    

 

 

 

January 31, 2017

           

Cash

   $ 25,576      $ —        $ —        $ 25,576  

Cash equivalents

     2,726        —          —          2,726  
  

 

 

    

 

 

    

 

 

    

 

 

 

Cash and cash equivalents

     28,302        —          —          28,302  
  

 

 

    

 

 

    

 

 

    

 

 

 

U.S. treasury notes and bonds - short-term

     4,248        5        —          4,253  

U.S. treasury notes and bonds - long-term

     2,003        —          (6      1,997  

U.S. government agency issues - short-term

     991        9        —          1,000  

U.S. government agency issues - long-term

     2,996        —          (2      2,994  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total cash, cash equivalents and marketable securities

   $ 38,540      $ 14      $ (8    $ 38,546  
  

 

 

    

 

 

    

 

 

    

 

 

 
Schedule of Contractual Maturities Available-for-Sale Investments

Contractual maturities of available-for-sale investments as of April 30, 2017 are as follows (amounts in thousands):

 

     Estimated  
     Fair Value  

Maturity of one year or less

   $ 7,245  

Maturity between one and five years

     2,989  
  

 

 

 

Total

   $ 10,234