Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jan. 31, 2018
Accounting Policies [Abstract]  
Schedule of Effect of Change in Methodology

We have adjusted prior fiscal year amounts to conform to the current fiscal year presentation. The effect of this change in methodology, which is a decrease to cost of revenue and an increase to selling and marketing expenses, is reflected in our current statements of operations and comprehensive income (loss) for fiscal 2017. There were no such costs in fiscal 2016:

 

 

 

 

 

 

 

Adjustment to

 

 

 

 

 

 

 

 

 

 

 

Conform to

 

 

 

 

 

 

 

As Filed Fiscal 2017

 

 

Current Year

 

 

As Filed Fiscal 2018

 

 

 

January 31, 2017

 

 

Presentation

 

 

January 31, 2017

 

 

 

(Amounts in thousands)

 

Cost of revenues - service

 

$

37,865

 

 

$

(2,125

)

 

$

35,740

 

Selling and marketing expenses

 

$

14,033

 

 

$

2,125

 

 

$

16,158

 

 

Summary of Cash, Cash Equivalents, and Restricted Cash Total

Accordingly, the following is a summary of our cash, cash equivalents, and restricted cash total as presented in our consolidated statements of cash flows for the fiscal years ended January 31, 2018, 2017 and 2016:

 

 

For the Fiscal Year Ended

 

 

 

January 31,

 

 

 

2018

 

 

2017

 

 

2016

 

 

 

(Amounts in thousands)

 

Cash and cash equivalents

 

$

43,652

 

 

$

28,302

 

 

$

58,733

 

Restricted cash

 

 

9

 

 

 

109

 

 

 

82

 

Total cash, cash equivalents, and restricted cash

 

$

43,661

 

 

$

28,411

 

 

$

58,815

 

 

Components of Identified Intangible Assets Associated with Acquisition and their Estimated Useful Lives

The intangible assets are amortized to cost of sales and operating expenses, as appropriate, on a straight-line or accelerated basis, using the economic consumption life basis, to reflect the period that the assets will be consumed, which are:

Intangible assets with finite useful lives:

 

 

Customer contracts

 

1 - 8 years

Non-compete agreements

 

2 - 3 years

Completed technology

 

4 - 6 years

Trademarks, patents and other

 

5 - 7 years