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v3.22.2.2

Marketable Securities | 6 Months Ended
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Jul. 31, 2022
Investments Debt And Equity Securities [Abstract] |
Marketable Securities | 4. Marketable Securities During all periods shown, marketable securities are classified as available-for-sale. The amortized cost, gross unrealized gains (losses) and fair value of available-for-sale securities by major security type and class of security as of July 31, 2022, January 31, 2022 and July 31, 2021 were as follows:
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | (Losses) |  |  | Value |
As of July 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 76,652 |  |  | $ | — |  |  | $ | (1,211 | ) |  | $ | 75,441 |
Municipal and pre-refunded municipal bonds |  |  | 75,518 |  |  |  | — |  |  |  | (595 | ) |  |  | 74,923 |
US Treasury securities |  |  | 9,749 |  |  |  | — |  |  |  | (93 | ) |  |  | 9,656 |
|  |  | 161,919 |  |  |  | — |  |  |  | (1,899 | ) |  |  | 160,020 |
Long-term Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  |  | 96,086 |  |  |  | — |  |  |  | (4,160 | ) |  |  | 91,926 |
Municipal and pre-refunded municipal bonds |  |  | 47,437 |  |  |  | — |  |  |  | (1,858 | ) |  |  | 45,579 |
US Treasury securities |  |  | 3,229 |  |  |  | — |  |  |  | (129 | ) |  |  | 3,100 |
Mutual funds, held in rabbi trust |  |  | 12,361 |  |  |  | — |  |  |  | (1,025 | ) |  |  | 11,336 |
Federal government agencies |  |  | 350 |  |  |  | — |  |  |  | (12 | ) |  |  | 338 |
Certificates of deposit |  |  | 249 |  |  |  | — |  |  |  | — |  |  |  | 249 |
|  |  | 159,712 |  |  |  | — |  |  |  | (7,184 | ) |  |  | 152,528 |
|  | $ | 321,631 |  |  | $ | — |  |  | $ | (9,083 | ) |  | $ | 312,548 |
As of January 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 85,062 |  |  | $ | 1 |  |  | $ | (200 | ) |  | $ | 84,863 |
Municipal and pre-refunded municipal bonds |  |  | 128,984 |  |  |  | 1 |  |  |  | (273 | ) |  |  | 128,712 |
US Treasury securities |  |  | 14,999 |  |  |  | — |  |  |  | (38 | ) |  |  | 14,961 |
Commercial paper |  |  | 10,884 |  |  |  | — |  |  |  | — |  |  |  | 10,884 |
|  |  | 239,929 |  |  |  | 2 |  |  |  | (511 | ) |  |  | 239,420 |
Long-term Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  |  | 148,830 |  |  |  | — |  |  |  | (2,478 | ) |  |  | 146,352 |
Municipal and pre-refunded municipal bonds |  |  | 60,533 |  |  |  | 1 |  |  |  | (912 | ) |  |  | 59,622 |
US Treasury securities |  |  | 5,222 |  |  |  | — |  |  |  | (46 | ) |  |  | 5,176 |
Mutual funds, held in rabbi trust |  |  | 12,419 |  |  |  | — |  |  |  | (606 | ) |  |  | 11,813 |
Federal government agencies |  |  | 350 |  |  |  | — |  |  |  | (5 | ) |  |  | 345 |
Certificates of deposit |  |  | 249 |  |  |  | — |  |  |  | — |  |  |  | 249 |
|  |  | 227,603 |  |  |  | 1 |  |  |  | (4,047 | ) |  |  | 223,557 |
|  | $ | 467,532 |  |  | $ | 3 |  |  | $ | (4,558 | ) |  | $ | 462,977 |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | (Losses) |  |  | Value |
As of July 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 28,808 |  |  | $ | 2 |  |  | $ | (24 | ) |  | $ | 28,786 |
Municipal and pre-refunded municipal bonds |  |  | 122,173 |  |  |  | 14 |  |  |  | (87 | ) |  |  | 122,100 |
Commercial paper |  |  | 6,096 |  |  |  | — |  |  |  | — |  |  |  | 6,096 |
|  |  | 157,077 |  |  |  | 16 |  |  |  | (111 | ) |  |  | 156,982 |
Long-term Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  |  | 61,646 |  |  |  | 4 |  |  |  | (159 | ) |  |  | 61,491 |
Municipal and pre-refunded municipal bonds |  |  | 40,069 |  |  |  | 34 |  |  |  | (56 | ) |  |  | 40,047 |
Mutual funds, held in rabbi trust |  |  | 11,610 |  |  |  | 143 |  |  |  | (42 | ) |  |  | 11,711 |
|  |  | 113,325 |  |  |  | 181 |  |  |  | (257 | ) |  |  | 113,249 |
|  | $ | 270,402 |  |  | $ | 197 |  |  | $ | (368 | ) |  | $ | 270,231 |
Proceeds from the sales and maturities of available-for-sale securities were $164,314 and $148,582 for the six months ended July 31, 2022 and 2021, respectively. The Company included in “Other loss, net,” in the Condensed Consolidated Statements of Income, a net realized loss of $222 and $334 for the three and six months ended July 31, 2022, respectively, and a net realized gain of $4 for the three and six months ended July 31, 2021. Amortization of discounts and premiums, net, was $1,225 and $2,882 for the three and six months ended July 31, 2022, respectively, and $1,398 and $2,736 for the three and six months ended July 31, 2021, respectively. Amortization of discounts and premiums, net, is included in “Other loss, net” in the Condensed Consolidated Statements of Income. Mutual funds represent assets held in an irrevocable rabbi trust for the Company’s Non-qualified Deferred Compensation Plan (“NQDC”). These assets are a source of funds to match the funding obligations to participants in the NQDC but are subject to the Company’s general creditors. The Company elected the fair value option for financial assets for the mutual funds held in the rabbi trust resulting in all unrealized gains and losses being recorded in “Other loss, net” in the Condensed Consolidated Statements of Income.

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
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