|
Commitments and Contingencies
|
9 Months Ended |
|---|---|
|
Oct. 31, 2012
|
|
| Commitments and Contingencies [Abstract] | |
| Commitments and Contingencies |
Note 6. Commitments and Contingencies Leases We lease office space under noncancelable operating leases in the U.S. and overseas with various expiration dates. In addition, we lease certain equipment and related software from an affiliate of one of our co-CEOs (see Note 10) and from various third parties. The equipment lease terms contain a bargain purchase option, therefore, the leases are classified as capital leases. The facility lease agreements generally provide for rental payments on a graduated basis and for options to renew, which could increase future minimum lease payments if exercised. We recognize rent expense on the straight-line basis over the lease period and have accrued for rent expense incurred but not paid. Rent expense totaled $1.7 million and $0.8 million for the three months ended October 31, 2012 and 2011, respectively, and $4.4 million and $2.4 million for the nine months ended October 31, 2012 and 2011, respectively. Legal Matters We are a party to various legal proceedings and claims which arise in the ordinary course of business. In our opinion, as of January 31, 2012 and October 31, 2012, there was not at least a reasonable possibility that we had incurred a material loss, or a material loss in excess of a recorded accrual, with respect to such loss contingencies. |