Annual report pursuant to Section 13 and 15(d)

Investments in Marketable Securities (Tables)

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Investments in Marketable Securities (Tables)
12 Months Ended
Jan. 31, 2013
Investments In Marketable Securities Disclosure [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following tables set forth our financial assets and liabilities that were accounted for at fair value on a recurring basis as of January 31, 2013 and January 31, 2012:

 

          Fair Value at January 31, 2013 Using  
          Quoted              
          Prices in     Significant        
          Active     Other     Significant  
          Markets for     Observable     Unobservable  
    January 31,     Identical Assets     Inputs     Inputs  
    2013     (Level 1)     (Level 2)     (Level 3)  
    (Amounts in thousands)  
Financial assets:                                
Cash   $ 104,109     $ 104,109       -       -  
Money market accounts (a)     2,612       2,612       -       -  
Available for sale marketable securities:                                
Current marketable securities:                                
U.S. government agency issues     6,104       6,104       -       -  
Non-current marketable securities:                                
U.S. government agency issues     7,169       7,169       -       -  
Total   $ 119,994     $ 119,994     $ -     $ -  
                                 
                                 
Other liabilities:                                
Acquisition-related consideration (b)   $ 5,656     $ -     $ -     $ 5,656  

 

          Fair Value at January 31, 2012 Using  
          Quoted              
          Prices in     Significant        
          Active     Other     Significant  
          Markets for     Observable     Unobservable  
    January 31,     Identical Assets     Inputs     Inputs  
    2012     (Level 1)     (Level 2)     (Level 3)  
    (Amounts in thousands)  
Financial assets:                                
Cash   $ 74,226     $ 74,226       -       -  
Money market accounts (a)     6,359       6,359       -       -  
Available for sale marketable securities:                                
Current marketable securities:                                
U.S. government agency issues     7,855       7,855       -       -  
Non-current marketable securities:                                
U.S. government agency issues     4,140       4,140       -       -  
Total   $ 92,580     $ 92,580     $ -     $ -  
                                 
                                 
Other liabilities:                                
Acquisition-related consideration (b)   $ 12,255     $ -     $ -     $ 12,255  

 

(a) Money market funds and U.S. government agency securities, included in cash and cash equivalents on the accompanying consolidated 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.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table sets forth a reconciliation of liabilities measured at fair value on a recurring basis with the use of significant unobservable inputs (Level 3) for the fiscal year ended January 31, 2013 (amounts in thousands):

 

    Level 3  
    Accrued Contingent  
    Consideration  
         
Ending balance January 31, 2012   $ 12,255  
Additional contingent earnout     2,222  
Contingency payments     (8,453 )
Change in fair value     194  
Translation adjustment     (562 )
Ending balance January 31, 2013   $ 5,656
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

The following is a summary of available-for-sale securities, including the cost basis, aggregate fair value and gross unrealized gains and losses, for cash equivalents, short-and long-term marketable securities portfolio as of January 31, 2013 and 2012:

    Amortized
Cost
    Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Estimated
Fair Value
 
    (Amounts in thousands)  
January 31, 2013:                                
Cash   $ 104,109     $ -     $ -     $ 104,109  
Cash equivalents     2,612       -       -       2,612  
Cash and cash equivalents     106,721       -       -       106,721  
U.S, government agency issues     6,043       61       -       6,104  
Corporate debt securities     -       -               -  
Marketable securities—short-term     6,043       61       -       6,104  
                                 
U.S. government agency issues     7,147       22       -       7,169  
Corporate debt securities     -       -       -       -  
Marketable securities—long-term     7,147       22       -       7,169  
Total cash equivalents and marketable securities   $ 119,911     $ 83     $ -     $ 119,994  
January 31, 2012:                                
Cash   $ 74,226     $ -     $ -     $ 74,226  
Cash equivalents     6,359       -       -       6,359  
Cash and cash equivalents     80,585       -       -       80,585  
U.S. 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  
                                 
U.S. government agency issues     4,126       14       -       4,140  
Corporate debt securities     -       -       -       -  
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]

Contractual maturities of available-for-sale debt securities at January 31, 2013 are as follows (amounts in thousands):

 

    Estimated  
    Fair Value  
Maturity of one year or less   $ 6,104  
Maturity between one and five years     7,169  
Total   $ 13,273