Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v2.4.0.6
Fair Value Measurements (Tables)
3 Months Ended
Apr. 30, 2013
Investments In Marketable Securities Disclosure [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Our financial assets and liabilities that are measured at fair value on a recurring basis as of April 30, 2013 and January 31, 2013 are as follows:

 

          Fair Value at April 30, 2013 Using  
          Quoted              
          Prices in     Significant        
          Active     Other     Significant  
          Markets for     Observable     Unobservable  
    April 30,     Identical Assets     Inputs     Inputs  
    2013     (Level 1)     (Level 2)     (Level 3)  
    (Amounts in thousands)  
Financial assets:                        
Cash   $ 105,525     $ 105,525     $ -     $ -  
Money market accounts (a)     3,664       3,664       -       -  
Available for sale marketable securities:                                
Current marketable securities:                                
U.S. government agency issues     5,037       5,037       -       -  
Non-current marketable securities:                                
U.S. government agency issues     7,154       7,154       -       -  
Total   $ 121,380     $ 121,380     $ -     $ -  
                                 
Other liabilities:                                
Acquisition-related consideration (b)   $ 2,388     $ -     $ -     $ 2,388  

 

          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  

 

(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 three months ended April 30, 2013 (amounts in thousands):

 

    Level 3  
    Accrued Contingent  
    Consideration  
       
Ending balance January 31, 2013   $ 5,656  
Change in fair value of contingent consideration     20  
Contingency payment     (3,206 )
Translation adjustment     (82 )
Ending balance April 30, 2013   $ 2,388
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 April 30, 2013 and January 31, 2013:

 

    Amortized
Cost
    Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Estimated
Fair Value
 
    (Amounts in thousands)  
April 30, 2013:                        
Cash   $ 105,525     $ -     $ -     $ 105,525  
Cash equivalents     3,664       -       -       3,664  
Cash and cash equivalents     109,189       -       -       109,189  
U.S. government agency issues     5,030       7       -       5,037  
Corporate debt securities     -       -       -       -  
Marketable securities—short-term     5,030       7       -       5,037  
                                 
U.S. government agency issues     7,127       27       -       7,154  
Marketable securities—long-term     7,127       27       -       7,154  
Total cash equivalents and marketable securities   $ 121,346     $ 34     $ -     $ 121,380  
                                 
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  
Marketable securities—long-term     7,147       22       -       7,169  
Total cash equivalents and marketable securities   $ 119,911     $ 83     $ -     $ 119,994
Investments Classified by Contractual Maturity Date [Table Text Block]

The following is a schedule of the contractual maturities of available-for-sale investments:

 

    Estimated  
    Fair Value  
Maturity of one year or less   $ 5,037  
Maturity between one and five years     7,154  
Total   $ 12,191