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Fair Value (Tables)
6 Months Ended
Jul. 31, 2025
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, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

406,811

 

 

$

 

 

$

406,811

 

US Treasury securities

 

 

 

 

 

97,520

 

 

 

 

 

 

97,520

 

Federal government agencies

 

 

 

 

 

70,079

 

 

 

 

 

 

70,079

 

Municipal and pre-refunded municipal bonds

 

 

 

 

 

53,037

 

 

 

 

 

 

53,037

 

Mutual funds, held in rabbi trust

 

 

20,376

 

 

 

 

 

 

 

 

 

20,376

 

Commercial paper

 

 

 

 

 

7,928

 

 

 

 

 

 

7,928

 

Certificates of deposit

 

 

 

 

 

1,249

 

 

 

 

 

 

1,249

 

 

$

20,376

 

 

$

636,624

 

 

$

 

 

$

657,000

 

 

 

Marketable Securities Fair Value as of

 

 

 

January 31, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

419,937

 

 

$

 

 

$

419,937

 

US Treasury securities

 

 

 

 

 

98,398

 

 

 

 

 

 

98,398

 

Federal government agencies

 

 

 

 

 

104,014

 

 

 

 

 

 

104,014

 

Municipal and pre-refunded municipal bonds

 

 

 

 

 

68,631

 

 

 

 

 

 

68,631

 

Mutual funds, held in rabbi trust

 

 

17,904

 

 

 

 

 

 

 

 

 

17,904

 

Commercial paper

 

 

 

 

 

9,774

 

 

 

 

 

 

9,774

 

Certificates of deposit

 

 

 

 

 

11,499

 

 

 

 

 

 

11,499

 

 

 

$

17,904

 

 

$

712,253

 

 

$

 

 

$

730,157

 

 

 

Marketable Securities Fair Value as of

 

 

 

July 31, 2024

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

258,930

 

 

$

 

 

$

258,930

 

US Treasury securities

 

 

 

 

 

79,197

 

 

 

 

 

 

79,197

 

Federal government agencies

 

 

 

 

 

109,279

 

 

 

 

 

 

109,279

 

Municipal and pre-refunded municipal bonds

 

 

 

 

 

72,326

 

 

 

 

 

 

72,326

 

Mutual funds, held in rabbi trust

 

 

17,693

 

 

 

 

 

 

 

 

 

17,693

 

Commercial paper

 

 

 

 

 

2,905

 

 

 

 

 

 

2,905

 

Certificates of deposit

 

 

 

 

 

21,499

 

 

 

 

 

 

21,499

 

 

 

$

17,693

 

 

$

544,136

 

 

$

 

 

$

561,829