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Marketable Securities (Tables)
12 Months Ended
Jan. 31, 2021
Investments Debt And Equity Securities [Abstract]  
Amortized Cost, Gross Unrealized Gains (Losses) and Fair Value of Available-For-Sale Securities The amortized cost, gross unrealized gains (losses) and fair values of available-for-sale securities by major security type and class of security as of January 31, 2021 and 2020 are as follows:

 

 

 

Amortized

Cost

 

 

Unrealized

Gains

 

 

Unrealized

(Losses)

 

 

Fair

Value

 

As of January 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal and pre-refunded municipal bonds

 

$

127,097

 

 

$

11

 

 

$

(53

)

 

$

127,055

 

Corporate bonds

 

 

38,695

 

 

 

1

 

 

 

(48

)

 

 

38,648

 

Commercial paper

 

 

8,992

 

 

 

 

 

 

 

 

 

8,992

 

 

 

 

174,784

 

 

 

12

 

 

 

(101

)

 

 

174,695

 

Long-term Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal and pre-refunded municipal bonds

 

 

53,134

 

 

 

17

 

 

 

(46

)

 

 

53,105

 

Corporate bonds

 

 

59,890

 

 

 

3

 

 

 

(129

)

 

 

59,764

 

Mutual funds, held in rabbi trust

 

 

10,827

 

 

 

20

 

 

 

(54

)

 

 

10,793

 

 

 

 

123,851

 

 

 

40

 

 

 

(229

)

 

 

123,662

 

 

 

$

298,635

 

 

$

52

 

 

$

(330

)

 

$

298,357

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal and pre-refunded municipal bonds

 

$

38,617

 

 

$

20

 

 

$

(11

)

 

$

38,626

 

Corporate bonds

 

 

166,790

 

 

 

318

 

 

 

(26

)

 

 

167,082

 

Commercial paper

 

 

1,997

 

 

 

 

 

 

 

 

 

1,997

 

Federal government agencies

 

 

1,152

 

 

 

3

 

 

 

 

 

 

1,155

 

Certificate of deposit

 

 

2,593

 

 

 

 

 

 

 

 

 

2,593

 

 

 

 

211,149

 

 

 

341

 

 

 

(37

)

 

 

211,453

 

Long-term Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal and pre-refunded municipal bonds

 

 

30,340

 

 

 

35

 

 

 

(17

)

 

 

30,358

 

Corporate bonds

 

 

47,352

 

 

 

205

 

 

 

(40

)

 

 

47,517

 

Mutual funds, held in rabbi trust

 

 

8,448

 

 

 

36

 

 

 

(55

)

 

 

8,429

 

Federal government agencies

 

 

6,926

 

 

 

1

 

 

 

(2

)

 

 

6,925

 

Certificates of deposit

 

 

3,867

 

 

 

 

 

 

 

 

 

3,867

 

 

 

 

96,933

 

 

 

277

 

 

 

(114

)

 

 

97,096

 

 

 

$

308,082

 

 

$

618

 

 

$

(151

)

 

$

308,549

 

Gross Unrealized Losses and Fair Value of Marketable Securities

The following tables show the gross unrealized losses and fair value of the Company’s marketable securities with unrealized losses that are not deemed to have credit losses, aggregated by the length of time that individual securities have been in a continuous unrealized loss position, at January 31, 2021 and 2020, respectively.

 

 

January 31, 2021

 

 

Less Than 12 Months

 

 

12 Months or Greater

 

 

Total

 

Description of Securities

Fair Value

 

 

Unrealized

Losses

 

 

Fair Value

 

 

Unrealized

Losses

 

 

Fair Value

 

 

Unrealized

Losses

 

Municipal and pre-refunded municipal bonds

$

90,308

 

 

$

(99

)

 

$

 

 

$

 

 

$

90,308

 

 

$

(99

)

Corporate bonds

 

91,432

 

 

 

(177

)

 

 

 

 

 

 

 

 

91,432

 

 

 

(177

)

Mutual funds, held in rabbi trust

 

10,793

 

 

 

(54

)

 

 

 

 

 

 

 

 

10,793

 

 

 

(54

)

Total

$

192,533

 

 

$

(330

)

 

$

 

 

$

 

 

$

192,533

 

 

$

(330

)

 

 

January 31, 2020

 

 

Less Than 12 Months

 

 

12 Months or Greater

 

 

Total

 

Description of Securities

Fair Value

 

 

Unrealized

Losses

 

 

Fair Value

 

 

Unrealized

Losses

 

 

Fair Value

 

 

Unrealized

Losses

 

Municipal and pre-refunded municipal bonds

$

24,975

 

 

$

(28

)

 

$

 

 

$

 

 

$

24,975

 

 

$

(28

)

Corporate bonds

 

60,067

 

 

 

(66

)

 

 

 

 

 

 

 

 

60,067

 

 

 

(66

)

Mutual funds, held in rabbi trust

 

5,395

 

 

 

(55

)

 

 

 

 

 

 

 

 

5,395

 

 

 

(55

)

Federal government agencies

 

3,009

 

 

 

(2

)

 

 

 

 

 

 

 

 

3,009

 

 

 

(2

)

Total

$

93,446

 

 

$

(151

)

 

$

 

 

$

 

 

$

93,446

 

 

$

(151

)