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Fair Value (Tables)
9 Months Ended
Oct. 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

 

 

 

October 31, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

454,374

 

 

$

 

 

$

454,374

 

US Treasury securities

 

 

 

 

 

94,940

 

 

 

 

 

 

94,940

 

Federal government agencies

 

 

 

 

 

44,330

 

 

 

 

 

 

44,330

 

Municipal and pre-refunded municipal bonds

 

 

 

 

 

37,302

 

 

 

 

 

 

37,302

 

Mutual funds, held in rabbi trust

 

 

22,034

 

 

 

 

 

 

 

 

 

22,034

 

Commercial paper

 

 

 

 

 

2,996

 

 

 

 

 

 

2,996

 

Certificates of deposit

 

 

 

 

 

1,000

 

 

 

 

 

 

1,000

 

 

$

22,034

 

 

$

634,942

 

 

$

 

 

$

656,976

 

 

 

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

 

 

 

October 31, 2024

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

288,870

 

 

$

 

 

$

288,870

 

US Treasury securities

 

 

 

 

 

61,141

 

 

 

 

 

 

61,141

 

Federal government agencies

 

 

 

 

 

107,478

 

 

 

 

 

 

107,478

 

Municipal and pre-refunded municipal bonds

 

 

 

 

 

80,962

 

 

 

 

 

 

80,962

 

Mutual funds, held in rabbi trust

 

 

17,789

 

 

 

 

 

 

 

 

 

17,789

 

Commercial paper

 

 

 

 

 

2,943

 

 

 

 

 

 

2,943

 

Certificates of deposit

 

 

 

 

 

21,499

 

 

 

 

 

 

21,499

 

 

 

$

17,789

 

 

$

562,893

 

 

$

 

 

$

580,682