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Fair Value (Tables)
9 Months Ended
Oct. 31, 2022
Fair Value Disclosures [Abstract]  
Financial Assets Measured at Fair Value on Recurring Basis The Company’s financial assets that are accounted for at fair value on a recurring basis are presented in the tables below:

 

 

 

Marketable Securities Fair Value as of

 

 

 

October 31, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

141,397

 

 

$

 

 

$

141,397

 

Municipal and pre-refunded municipal bonds

 

 

 

 

 

84,509

 

 

 

 

 

 

84,509

 

Mutual funds, held in rabbi trust

 

 

10,760

 

 

 

 

 

 

 

 

 

10,760

 

US Treasury securities

 

 

 

 

 

4,695

 

 

 

 

 

 

4,695

 

Certificates of deposit

 

 

 

 

 

249

 

 

 

 

 

 

249

 

 

 

$

10,760

 

 

$

230,850

 

 

$

 

 

$

241,610

 

 

 

 

Marketable Securities Fair Value as of

 

 

 

January 31, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

231,215

 

 

$

 

 

$

231,215

 

Municipal and pre-refunded municipal bonds

 

 

 

 

 

188,334

 

 

 

 

 

 

188,334

 

Mutual funds, held in rabbi trust

 

 

11,813

 

 

 

 

 

 

 

 

 

11,813

 

US Treasury securities

 

 

 

 

 

20,137

 

 

 

 

 

 

20,137

 

Commercial paper

 

 

 

 

 

10,884

 

 

 

 

 

 

10,884

 

Federal government agencies

 

 

 

 

 

345

 

 

 

 

 

 

345

 

Certificates of deposit

 

 

 

 

 

249

 

 

 

 

 

 

249

 

 

 

$

11,813

 

 

$

451,164

 

 

$

 

 

$

462,977

 

 

 

 

Marketable Securities Fair Value as of

 

 

 

October 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

227,436

 

 

$

 

 

$

227,436

 

Municipal and pre-refunded municipal bonds

 

 

 

 

 

193,355

 

 

 

 

 

 

193,355

 

Mutual funds, held in rabbi trust

 

 

12,081

 

 

 

 

 

 

 

 

 

12,081

 

US Treasury securities

 

 

21,587

 

 

 

 

 

 

 

 

 

21,587

 

Commercial paper

 

 

 

 

 

3,099

 

 

 

 

 

 

3,099

 

Federal government agencies

 

 

348

 

 

 

 

 

 

 

 

 

348

 

Certificates of deposit

 

 

 

 

 

249

 

 

 

 

 

 

249

 

 

 

$

34,016

 

 

$

424,139

 

 

$

 

 

$

458,155