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, 2014 and January 31, 2014:
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Fair Value at October 31, 2014
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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October 31,
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Identical Assets
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Inputs |
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Inputs |
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2014 |
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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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Money market accounts (a)
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$ |
2,046 |
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$ |
2,046 |
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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. treasury notes and bonds - conventional
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501 |
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|
501 |
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— |
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— |
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U.S. government agency issues
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5,524 |
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— |
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5,524 |
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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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3,519 |
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3,519 |
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— |
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— |
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U.S. government agency issues
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4,265 |
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— |
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4,265 |
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— |
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Total
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$ |
15,855 |
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$ |
6,066 |
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$ |
9,789 |
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$ |
— |
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Fair Value at January 31, 2014
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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|
2014 |
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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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Money market accounts (a)
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$ |
3,463 |
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$ |
3,463 |
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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. treasury notes and bonds - conventional
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3,545 |
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3,545 |
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— |
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— |
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U.S. government agency issues
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2,010 |
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— |
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2,010 |
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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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6,814 |
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— |
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6,814 |
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— |
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Total
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$ |
15,832 |
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$ |
7,008 |
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$ |
8,824 |
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$ |
— |
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(a) |
Money market funds and U.S. treasury
bills are included in cash and cash equivalents on the accompanying
consolidated balance sheet and are valued at quoted market prices
for identical instruments in active markets. |
|
Summary of Cash, Cash Equivalents and 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 cash
equivalents, short- and long-term marketable securities portfolio
as of October 31, 2014 and January 31, 2014:
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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, 2014:
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Cash
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$ |
92,526 |
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$ |
— |
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$ |
— |
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$ |
92,526 |
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Cash equivalents
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2,046 |
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— |
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— |
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2,046 |
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Cash and cash equivalents
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94,572 |
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— |
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— |
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94,572 |
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U.S. treasury notes and bonds - short-term
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|
501 |
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— |
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— |
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|
501 |
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U.S. treasury notes and bonds - long-term
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3,520 |
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— |
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(1 |
) |
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3,519 |
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U.S. government agency issues - short-term
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5,517 |
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7 |
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— |
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5,524 |
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U.S. government agency issues - long-term
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|
4,258 |
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7 |
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— |
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4,265 |
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Total cash, cash eqivalents and marketable securities
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$ |
108,368 |
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$ |
14 |
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$ |
(1 |
) |
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$ |
108,381 |
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|
January 31, 2014:
|
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Cash
|
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$ |
112,271 |
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$ |
— |
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$ |
— |
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|
$ |
112,271 |
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Cash equivalents
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|
3,463 |
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|
— |
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— |
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|
3,463 |
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Cash and cash equivalents
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115,734 |
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— |
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— |
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115,734 |
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U.S. treasury notes and bonds - short-term
|
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3,540 |
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5 |
|
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|
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3,545 |
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U.S. government agency issues - short-term
|
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|
2,005 |
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5 |
|
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— |
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|
2,010 |
|
U.S. government agency issues - long-term
|
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|
6,806 |
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8 |
|
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|
— |
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6,814 |
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Total cash, cash eqivalents and marketable securities
|
|
$ |
128,085 |
|
|
$ |
18 |
|
|
$ |
— |
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$ |
128,103 |
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