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Fair Value (Tables)
9 Months Ended
Oct. 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

 

 

 

October 31, 2024

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

288,870

 

 

$

 

 

$

288,870

 

Federal government agencies

 

 

 

 

 

107,478

 

 

 

 

 

 

107,478

 

Municipal and pre-refunded municipal bonds

 

 

 

 

 

80,962

 

 

 

 

 

 

80,962

 

US Treasury securities

 

 

 

 

 

61,141

 

 

 

 

 

 

61,141

 

Certificates of deposit

 

 

 

 

 

21,499

 

 

 

 

 

 

21,499

 

Mutual funds, held in rabbi trust

 

 

17,789

 

 

 

 

 

 

 

 

 

17,789

 

Commercial paper

 

 

 

 

 

2,943

 

 

 

 

 

 

2,943

 

 

$

17,789

 

 

$

562,893

 

 

$

 

 

$

580,682

 

 

 

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

 

Municipal and pre-refunded municipal bonds

 

 

 

 

 

86,878

 

 

 

 

 

 

86,878

 

US Treasury securities

 

 

 

 

 

61,942

 

 

 

 

 

 

61,942

 

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

 

 

 

October 31, 2023

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

153,834

 

 

$

 

 

$

153,834

 

Federal government agencies

 

 

 

 

 

114,798

 

 

 

 

 

 

114,798

 

Municipal and pre-refunded municipal bonds

 

 

 

 

 

57,479

 

 

 

 

 

 

57,479

 

US Treasury securities

 

 

 

 

 

20,478

 

 

 

 

 

 

20,478

 

Certificates of deposit

 

 

 

 

 

1,499

 

 

 

 

 

 

1,499

 

Mutual funds, held in rabbi trust

 

 

13,051

 

 

 

 

 

 

 

 

 

13,051

 

Commercial paper

 

 

 

 

 

20,976

 

 

 

 

 

 

20,976

 

 

 

$

13,051

 

 

$

369,064

 

 

$

 

 

$

382,115