Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.8.0.1
Fair Value Measurements (Tables)
3 Months Ended
Apr. 30, 2018
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, 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:

 

 

 

 

 

 

 

Fair Value at April 30, 2018 Using

 

 

 

 

 

 

 

Quoted

 

 

 

 

 

 

 

 

 

 

 

Prices in

 

 

Significant

 

 

 

 

 

 

 

Active

 

 

Other

 

 

 

 

 

 

 

Markets for

 

 

Observable

 

 

 

April 30,

 

 

Identical Assets

 

 

Inputs

 

 

 

2018

 

 

(Level 1)

 

 

(Level 2)

 

 

 

(Amounts in thousands)

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts (1)

 

$

2,785

 

 

$

2,650

 

 

$

135

 

Available-for-sale marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Current marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury notes and bonds - conventional

 

 

2,237

 

 

 

2,237

 

 

 

 

U.S. government agency issues

 

 

499

 

 

 

 

 

 

499

 

Non-current marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury notes and bonds - conventional

 

 

4,236

 

 

 

4,236

 

 

 

 

U.S. government agency issues

 

 

983

 

 

 

 

 

 

983

 

Corporate bonds

 

 

2,284

 

 

 

 

 

 

2,284

 

Total

 

$

13,024

 

 

$

9,123

 

 

$

3,901

 

 

 

 

 

 

 

 

Fair Value at January 31, 2018 Using

 

 

 

 

 

 

 

Quoted

 

 

 

 

 

 

 

 

 

 

 

Prices in

 

 

Significant

 

 

 

 

 

 

 

Active

 

 

Other

 

 

 

 

 

 

 

Markets for

 

 

Observable

 

 

 

January 31,

 

 

Identical Assets

 

 

Inputs

 

 

 

2018

 

 

(Level 1)

 

 

(Level 2)

 

 

 

(Amounts in thousands)

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts (1)

 

$

4,568

 

 

$

 

 

$

4,568

 

Available-for-sale marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Current marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury notes and bonds - conventional

 

 

1,993

 

 

 

1,993

 

 

 

 

U.S. government agency issues

 

 

1,998

 

 

 

 

 

 

1,998

 

Non-current marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury notes and bonds - conventional

 

 

1,724

 

 

 

1,724

 

 

 

 

U.S. government agency issues

 

 

985

 

 

 

 

 

 

985

 

Corporate bonds

 

 

1,740

 

 

 

 

 

 

1,740

 

Total

 

$

13,008

 

 

$

3,717

 

 

$

9,291

 

 

(1)

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, 2018 and January 31, 2018:

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Estimated

Fair Value

 

 

 

(Amounts in thousands)

 

April 30, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

36,071

 

 

$

 

 

$

 

 

$

36,071

 

Cash equivalents

 

 

2,776

 

 

 

9

 

 

 

 

 

 

2,785

 

Cash and cash equivalents

 

 

38,847

 

 

 

9

 

 

 

 

 

 

38,856

 

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

 

 

2,250

 

 

 

 

 

 

(13

)

 

 

2,237

 

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

 

 

4,264

 

 

 

 

 

 

(28

)

 

 

4,236

 

U.S. government agency issues - short-term

 

 

500

 

 

 

 

 

 

(1

)

 

 

499

 

U.S. government agency issues - long-term

 

 

1,002

 

 

 

 

 

 

(19

)

 

 

983

 

Corporate bonds - long-term

 

 

2,315

 

 

 

 

 

 

(31

)

 

 

2,284

 

Total cash, cash equivalents and marketable securities

 

$

49,178

 

 

$

9

 

 

$

(92

)

 

$

49,095

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

39,084

 

 

$

 

 

$

 

 

$

39,084

 

Cash equivalents

 

 

4,568

 

 

 

 

 

 

 

 

 

4,568

 

Cash and cash equivalents

 

 

43,652

 

 

 

 

 

 

 

 

 

43,652

 

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

 

 

2,001

 

 

 

 

 

 

(8

)

 

 

1,993

 

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

 

 

1,740

 

 

 

 

 

 

(16

)

 

 

1,724

 

U.S. government agency issues - short-term

 

 

1,991

 

 

 

9

 

 

 

(2

)

 

 

1,998

 

U.S. government agency issues - long-term

 

 

1,002

 

 

 

 

 

 

(17

)

 

 

985

 

Corporate bonds - long-term

 

 

1,760

 

 

 

 

 

 

 

(20

)

 

 

1,740

 

Total cash, cash equivalents and marketable securities

 

$

52,146

 

 

$

9

 

 

$

(63

)

 

$

52,092

 

 

Schedule of Contractual Maturities Available-for-Sale Investments

Contractual maturities of available-for-sale investments as of April 30, 2018 are as follows (amounts in thousands):

 

 

 

Estimated

 

 

 

Fair Value

 

Maturity of one year or less

 

$

2,736

 

Maturity between one and five years

 

 

7,503

 

Total

 

$

10,239