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
October 31, 2018 and January 31, 2018. There were no fair
value measurements of our financial assets and liabilities using
significant Level 3 inputs for the periods presented:
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Fair Value at October 31, 2018 Using
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Quoted |
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Prices in
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Significant
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Active |
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Other |
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Markets for
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Observable
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October 31,
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Identical Assets
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Inputs |
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2018 |
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(Level 1) |
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(Level 2) |
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(Amounts in thousands)
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Financial assets:
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Money market accounts (1)
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$ |
2,832 |
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$ |
2,649 |
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$ |
183 |
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Available-for-sale marketable
securities:
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Current marketable securities:
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U.S. treasury notes and bonds - conventional
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745 |
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745 |
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— |
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Non-current marketable
securities:
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U.S. treasury notes and bonds - conventional
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6,274 |
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6,274 |
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— |
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U.S. government agency issues
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986 |
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— |
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986 |
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Corporate bonds
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2,280 |
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— |
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2,280 |
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Total
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$ |
13,117 |
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$ |
9,668 |
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$ |
3,449 |
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Fair Value at January 31, 2018 Using
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Quoted |
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Prices in
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Significant
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Active |
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Other |
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Markets for
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Observable
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January 31,
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Identical Assets
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Inputs |
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2018 |
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(Level 1) |
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(Level 2) |
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(Amounts in thousands)
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Financial assets:
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Money market accounts (1)
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$ |
4,568 |
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$ |
— |
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$ |
4,568 |
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Available-for-sale marketable
securities:
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Current marketable securities:
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U.S. treasury notes and bonds - conventional
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1,993 |
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1,993 |
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— |
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U.S. government agency issues
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1,998 |
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— |
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1,998 |
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Non-current marketable
securities:
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U.S. treasury notes and bonds - conventional
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1,724 |
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1,724 |
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— |
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U.S. government agency issues
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985 |
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— |
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985 |
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Corporate bonds
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1,740 |
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— |
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1,740 |
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Total
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$ |
13,008 |
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$ |
3,717 |
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$ |
9,291 |
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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 October 31, 2018 and January 31,
2018:
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Amortized
Cost
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Gross
Unrealized
Gains
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Gross
Unrealized
Losses
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Estimated
Fair Value
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(Amounts in thousands)
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October 31, 2018:
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Cash
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$ |
18,723 |
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$ |
— |
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$ |
— |
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$ |
18,723 |
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Cash equivalents
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2,820 |
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11 |
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— |
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2,831 |
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Cash and cash equivalents
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21,543 |
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11 |
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— |
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21,554 |
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U.S. treasury notes and bonds - short-term
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749 |
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— |
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(3 |
) |
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746 |
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U.S. treasury notes and bonds - long-term
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6,306 |
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— |
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(32 |
) |
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6,274 |
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U.S. government agency issues - short-term
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1,001 |
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— |
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(15 |
) |
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986 |
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Corporate bonds - long-term
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2,310 |
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— |
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(30 |
) |
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2,280 |
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Total cash, cash equivalents and marketable securities
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$ |
31,909 |
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$ |
11 |
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$ |
(80 |
) |
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$ |
31,840 |
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January 31, 2018:
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Cash
|
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$ |
39,084 |
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$ |
— |
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$ |
— |
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$ |
39,084 |
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Cash equivalents
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4,568 |
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— |
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— |
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4,568 |
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Cash and cash equivalents
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43,652 |
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|
— |
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|
— |
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43,652 |
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U.S. treasury notes and bonds - short-term
|
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2,001 |
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|
— |
|
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(8 |
) |
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1,993 |
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U.S. treasury notes and bonds - long-term
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1,740 |
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|
— |
|
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|
(16 |
) |
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1,724 |
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U.S. government agency issues - short-term
|
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1,991 |
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9 |
|
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(2 |
) |
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1,998 |
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U.S. government agency issues - long-term
|
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1,002 |
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— |
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(17 |
) |
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|
985 |
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Corporate bonds - long-term
|
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1,760 |
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(20 |
) |
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1,740 |
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Total cash, cash equivalents and marketable securities
|
|
$ |
52,146 |
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|
$ |
9 |
|
|
$ |
(63 |
) |
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$ |
52,092 |
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