Fair Value Measurements (Tables)
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12 Months Ended |
Jan. 31, 2017 |
Fair Value Disclosures [Abstract] |
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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
January 31, 2017 and January 31, 2016. There were no fair
value measurements of our financial assets and liabilities using
significant level 3 inputs for the periods presented:
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Fair Value at January 31, 2017 Using
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January 31,
2017 |
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Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
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Significant
Other
Observable
Inputs
(Level 2)
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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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$ |
2,726 |
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$ |
2,726 |
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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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4,253 |
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4,253 |
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— |
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U.S. government agency issues
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1,000 |
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— |
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1,000 |
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Non-current marketable
securities:
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U.S. treasury notes and bonds—conventional
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1,997 |
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1,997 |
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— |
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U.S. government agency issues
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2,994 |
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— |
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2,994 |
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Total
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$ |
12,970 |
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$ |
8,976 |
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$ |
3,994 |
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Fair Value at January 31, 2016 Using
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January 31,
2016 |
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Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
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Significant
Other
Observable
Inputs
(Level 2)
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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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$ |
3,654 |
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$ |
3,654 |
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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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502 |
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502 |
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— |
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U.S. government agency issues
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1,002 |
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— |
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1,002 |
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Non-current marketable
securities:
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U.S. treasury notes and bonds—conventional
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7,762 |
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7,762 |
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— |
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U.S. government agency issues
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3,002 |
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— |
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3,002 |
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Total
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$ |
15,922 |
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$ |
11,918 |
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$ |
4,004 |
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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 sheets and are valued at quoted market prices
for identical instruments in active markets. |
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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 unrealized gains
and losses, for short-and
long-term marketable securities portfolio as of January 31,
2017 and 2016:
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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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January 31, 2017:
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Cash
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$ |
25,576 |
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$ |
— |
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$ |
— |
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$ |
25,576 |
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Cash equivalents
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2,726 |
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— |
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— |
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2,726 |
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Cash and cash equivalents
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28,302 |
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— |
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— |
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28,302 |
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U.S. treasury notes and bonds—short-term
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4,248 |
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5 |
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— |
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4,253 |
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U.S. treasury notes and bonds—long-term
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2,003 |
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— |
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(6 |
) |
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1,997 |
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U.S. government agency issues—short-term
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991 |
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9 |
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— |
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1,000 |
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U.S. government agency issues—long-term
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2,996 |
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— |
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(2 |
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2,994 |
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Total cash, cash equivalents and marketable securities
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$ |
38,540 |
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$ |
14 |
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$ |
(8 |
) |
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$ |
38,546 |
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January 31, 2016:
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Cash
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$ |
55,079 |
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$ |
— |
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$ |
— |
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$ |
55,079 |
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Cash equivalents
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3,654 |
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— |
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— |
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3,654 |
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Cash and cash equivalents
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58,733 |
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— |
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— |
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58,733 |
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U.S. treasury notes and bonds—short-term
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503 |
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— |
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(1 |
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502 |
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U.S. treasury notes and bonds—long-term
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7,756 |
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6 |
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— |
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7,762 |
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U.S. government agency issues—short-term
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1,001 |
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1 |
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— |
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1,002 |
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U.S. government agency issues—long-term
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2,977 |
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25 |
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— |
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3,002 |
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Total cash, cash equivalents and marketable securities
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$ |
70,970 |
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$ |
32 |
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$ |
(1 |
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$ |
71,001 |
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Schedule of Contractual Maturities Available-for-Sale Debt Securities |
Contractual maturities of available-for-sale debt
securities at January 31, 2017 are as follows (amounts in
thousands):
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Estimated
Fair Value |
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Maturity of one year or less
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$ |
5,253 |
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Maturity between one and five years
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4,991 |
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Total
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$ |
10,244 |
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