|
Related-Party Transactions
|
9 Months Ended |
|---|---|
|
Oct. 31, 2012
|
|
| Related Party Transactions [Abstract] | |
| Related-Party Transactions |
Note 10. Related-Party Transactions In June 2010, we entered into a lease agreement with an affiliate of one of our co-CEOs, who is also a significant stockholder. The lease agreement provides for an equipment lease financing facility to be drawn upon for purchases of information technology and related equipment for use in our business operations. The amounts paid under this agreement in the three month periods ended October 31, 2012 and 2011 and in the nine month periods ended October 31, 2012 and 2011 were $1.0 million, $1.1 million, $3.2 million and $3.5 million, respectively. As of October 31, 2012, the principal balance due under the lease agreement was $2.9 million. One of our board members is the chief executive officer of a customer which holds warrants to purchase 1.4 million shares of our Class B common stock.
|