XML 34 R24.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Fair Value Measurements (Tables)
 3 Months Ended
Apr. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table summarizes our financial assets that are measured at fair value on a recurring basis:
April 30, 2024
(in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
Level 1:
Cash equivalents(1)
Money market funds$337,891 $— $— $337,891 
Level 2:
Cash equivalents(1)
Commercial paper25,046 — (6)25,040 
Available-for-sale securities
Commercial paper64,466 — (129)64,337 
Corporate notes and bonds304,672 4 (1,538)303,138 
U.S. governmental securities41,122 1 (90)41,033 
Level 2 total435,306 5 (1,763)433,548 
Total$773,197 $5 $(1,763)$771,439 
January 31, 2024
(in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
Level 1:
Cash equivalents(1)
Money market funds$298,517 $— $— $298,517 
Level 2:
Cash equivalents(1)
Commercial paper43,845 — (9)43,836 
U.S. government agency securities9,968 — (1)9,967 
Available-for-sale securities
Commercial paper42,958 2 (25)42,935 
Corporate notes and bonds299,166 262 (670)298,758 
U.S. governmental securities28,752 — (66)28,686 
Level 2 total424,689 264 (771)424,182 
Total$723,206 $264 $(771)$722,699 

(1) Included in “cash and cash equivalents” in our consolidated balance sheets as of April 30, 2024 and January 31, 2024, in addition to cash of $454.5 million and $444.8 million.
Schedule of Fair Value of Available-for-sale Marketable Securities by Remaining Contractual Maturities
The fair values of our available-for-sale securities as of April 30, 2024, by remaining contractual maturities, were as follows (in thousands):
Due in one year or less$269,400 
Due in one to two years139,108 
$408,508