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Fair Value (Tables)
6 Months Ended
Jul. 31, 2024
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

 

 

 

July 31, 2024

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

258,930

 

 

$

 

 

$

258,930

 

Federal government agencies

 

 

 

 

 

109,279

 

 

 

 

 

 

109,279

 

US Treasury securities

 

 

 

 

 

79,197

 

 

 

 

 

 

79,197

 

Municipal and pre-refunded municipal bonds

 

 

 

 

 

72,326

 

 

 

 

 

 

72,326

 

Certificates of deposit

 

 

 

 

 

21,499

 

 

 

 

 

 

21,499

 

Mutual funds, held in rabbi trust

 

 

17,693

 

 

 

 

 

 

 

 

 

17,693

 

Commercial paper

 

 

 

 

 

2,905

 

 

 

 

 

 

2,905

 

 

$

17,693

 

 

$

544,136

 

 

$

 

 

$

561,829

 

 

 

Marketable Securities Fair Value as of

 

 

 

January 31, 2024

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

270,539

 

 

$

 

 

$

270,539

 

Federal government agencies

 

 

 

 

 

134,413

 

 

 

 

 

 

134,413

 

US Treasury securities

 

 

 

 

 

61,942

 

 

 

 

 

 

61,942

 

Municipal and pre-refunded municipal bonds

 

 

 

 

 

86,878

 

 

 

 

 

 

86,878

 

Certificates of deposit

 

 

 

 

 

21,499

 

 

 

 

 

 

21,499

 

Mutual funds, held in rabbi trust

 

 

15,068

 

 

 

 

 

 

 

 

 

15,068

 

Commercial paper

 

 

 

 

 

10,557

 

 

 

 

 

 

10,557

 

 

 

$

15,068

 

 

$

585,828

 

 

$

 

 

$

600,896

 

 

 

Marketable Securities Fair Value as of

 

 

 

July 31, 2023

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

141,754

 

 

$

 

 

$

141,754

 

Federal government agencies

 

 

 

 

 

91,574

 

 

 

 

 

 

91,574

 

US Treasury securities

 

 

 

 

 

21,553

 

 

 

 

 

 

21,553

 

Municipal and pre-refunded municipal bonds

 

 

 

 

 

61,191

 

 

 

 

 

 

61,191

 

Certificates of deposit

 

 

 

 

 

1,499

 

 

 

 

 

 

1,499

 

Mutual funds, held in rabbi trust

 

 

13,898

 

 

 

 

 

 

 

 

 

13,898

 

Commercial paper

 

 

 

 

 

41,719

 

 

 

 

 

 

41,719

 

 

 

$

13,898

 

 

$

359,290

 

 

$

 

 

$

373,188