Fair Value Measurements (Tables)
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3 Months Ended |
Apr. 30, 2013
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Investments In Marketable Securities Disclosure [Abstract] |
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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:
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Fair Value at April 30, 2013 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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Significant |
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Markets for |
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Observable |
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Unobservable |
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April 30, |
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Identical Assets |
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Inputs |
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Inputs |
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2013 |
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(Level 1) |
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(Level 2) |
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(Level 3) |
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(Amounts in thousands) |
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Financial assets: |
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Cash |
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$ |
105,525 |
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$ |
105,525 |
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$ |
- |
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$ |
- |
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Money market accounts (a) |
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3,664 |
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3,664 |
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- |
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- |
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Available for sale marketable securities: |
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Current marketable securities: |
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U.S. government agency issues |
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5,037 |
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5,037 |
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- |
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- |
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Non-current marketable securities: |
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U.S. government agency issues |
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7,154 |
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7,154 |
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- |
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- |
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Total |
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$ |
121,380 |
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$ |
121,380 |
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$ |
- |
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$ |
- |
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Other liabilities: |
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Acquisition-related consideration (b) |
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$ |
2,388 |
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$ |
- |
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$ |
- |
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$ |
2,388 |
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Fair Value at January 31, 2013 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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Significant |
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Markets for |
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Observable |
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Unobservable |
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January 31, |
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Identical Assets |
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Inputs |
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Inputs |
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2013 |
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(Level 1) |
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(Level 2) |
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(Level 3) |
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(Amounts in thousands) |
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Financial assets: |
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Cash |
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$ |
104,109 |
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$ |
104,109 |
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$ |
- |
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$ |
- |
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Money market accounts (a) |
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2,612 |
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2,612 |
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- |
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- |
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Available for sale marketable securities: |
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Current marketable securities: |
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U.S. government agency issues |
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6,104 |
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6,104 |
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- |
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- |
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Non-current marketable securities: |
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U.S. government agency issues |
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7,169 |
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7,169 |
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- |
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- |
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Total |
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$ |
119,994 |
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$ |
119,994 |
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$ |
- |
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$ |
- |
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Other liabilities: |
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Acquisition-related consideration (b) |
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$ |
5,656 |
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$ |
- |
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$ |
- |
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$ |
5,656 |
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(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. |
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(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. |
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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):
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Level 3 |
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Accrued Contingent |
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Consideration |
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Ending balance January 31, 2013 |
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$ |
5,656 |
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Change in fair value of contingent consideration |
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20 |
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Contingency payment |
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(3,206 |
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Translation adjustment |
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(82 |
) |
Ending balance April 30, 2013 |
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$ |
2,388 |
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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:
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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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April 30, 2013: |
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Cash |
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$ |
105,525 |
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$ |
- |
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$ |
- |
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$ |
105,525 |
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Cash equivalents |
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3,664 |
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- |
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- |
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3,664 |
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Cash and cash equivalents |
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109,189 |
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- |
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- |
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109,189 |
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U.S. government agency issues |
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5,030 |
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7 |
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- |
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5,037 |
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Corporate debt securities |
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- |
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- |
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- |
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- |
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Marketable securities—short-term |
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5,030 |
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7 |
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- |
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5,037 |
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U.S. government agency issues |
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7,127 |
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27 |
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- |
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7,154 |
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Marketable securities—long-term |
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7,127 |
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27 |
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- |
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7,154 |
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Total cash equivalents and marketable securities |
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$ |
121,346 |
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$ |
34 |
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$ |
- |
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$ |
121,380 |
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January 31, 2013: |
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|
|
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|
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|
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|
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Cash |
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$ |
104,109 |
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$ |
- |
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$ |
- |
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|
$ |
104,109 |
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Cash equivalents |
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2,612 |
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|
- |
|
|
|
- |
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2,612 |
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Cash and cash equivalents |
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106,721 |
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|
- |
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|
- |
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106,721 |
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U.S. government agency issues |
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6,043 |
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61 |
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- |
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6,104 |
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Corporate debt securities |
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- |
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- |
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- |
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|
- |
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Marketable securities—short-term |
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6,043 |
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61 |
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|
- |
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6,104 |
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U.S. government agency issues |
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7,147 |
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22 |
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|
- |
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7,169 |
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Marketable securities—long-term |
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7,147 |
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22 |
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|
- |
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7,169 |
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Total cash equivalents and marketable securities |
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$ |
119,911 |
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$ |
83 |
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$ |
- |
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$ |
119,994 |
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Investments Classified by Contractual Maturity Date [Table Text Block] |
The following is a schedule of the contractual maturities of available-for-sale investments:
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Estimated |
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Fair Value |
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Maturity of one year or less |
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$ |
5,037 |
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Maturity between one and five years |
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|
7,154 |
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Total |
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$ |
12,191 |
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