v2.4.0.6
Fair Value Measurements
9 Months Ended
Oct. 31, 2012
Fair Value Measurements [Abstract]  
Fair Value Measurements

Note 5. Fair Value Measurements

        We measure our financial assets and liabilities at fair value at the end of each reporting period using a fair value hierarchy that requires that we maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Three levels of inputs may be used to measure fair value:

Level 1 – Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2 – Include other inputs that are directly or indirectly observable in the marketplace.

Level 3 – Unobservable inputs that are supported by little or no market activity.

 

We have no financial assets or liabilities measured using Level 3 inputs. The following tables present information about our assets that are measured at fair value on a recurring basis using the above input categories (in thousands):

 

                         
    Fair Value Measurements
at October 31, 2012
 

Description

  Level 1     Level 2     Total  

U.S. agency obligations

  $ —       $ 608,675     $ 608,675  

U.S. treasury securities

    70,146       —         70,146  

Commercial paper

    —         42,697       42,697  

Certificates of deposit

    —         250       250  

U.S. corporate securities

    —         12,027       12,027  

Municipal securities

    —         1,360       1,360  

Money market funds

    51,047       —         51,047  
   

 

 

   

 

 

   

 

 

 
    $ 121,193     $ 665,009     $ 786,202  
   

 

 

   

 

 

   

 

 

 

Included in cash and cash equivalents

                  $ 431,805  
                   

 

 

 

Included in marketable securities

                  $ 354,397  
                   

 

 

 
   
    Fair Value Measurements
at January 31, 2012
 

Description

  Level 1     Level 2     Total  

U.S. agency obligations

  $ —       $ 14,316     $ 14,316  

Commercial paper

    —         23,785       23,785  

U.S. corporate securities

    —         20,380       20,380  

Municipal securities

    —         15,125       15,125  

Money market funds

    27,152       —         27,152  
   

 

 

   

 

 

   

 

 

 
    $ 27,152     $ 73,606     $ 100,758  
   

 

 

   

 

 

   

 

 

 

Included in cash and cash equivalents

                  $ 47,124  
                   

 

 

 

Included in marketable securities

                  $ 53,634