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Marketable Securities and Fair Value Measurements (Tables)
12 Months Ended
Jan. 31, 2016
Investments Debt And Equity Securities [Abstract]  
Summary of Marketable Securities

We held no marketable securities as of January 31, 2015. The following is a summary of our marketable securities as of January 31, 2016 (in thousands).

 

 

 

January 31, 2016

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

 

 

Cost

 

 

Gain

 

 

Loss

 

 

Fair Value

 

Corporate debt securities

 

$

5,560

 

 

$

 

 

$

(1

)

 

$

5,559

 

Asset-backed securities

 

 

1,821

 

 

 

 

 

 

(1

)

 

 

1,820

 

 

 

$

7,381

 

 

$

 

 

$

(2

)

 

$

7,379

 

 

Amortized Cost and Estimated Fair Value of Marketable Securities by Contractual Maturity

The amortized cost and estimated fair value of our marketable securities as of January 31, 2016 are shown below by contractual maturity (in thousands).

 

 

 

January 31, 2016

 

 

 

Amortized

 

 

Estimated

 

 

 

Cost

 

 

Fair Value

 

Less than one year

 

$

5,560

 

 

$

5,559

 

Due in one to five years

 

 

1,821

 

 

 

1,820

 

 

 

$

7,381

 

 

$

7,379

 

 

Fair Value of Assets Measured at Fair Value on Recurring Basis

The following tables set forth the fair value of our financial assets and liabilities measured at fair value on a recurring basis as of January 31, 2016 and 2015, using the above input categories (in thousands):

 

 

 

January 31, 2016

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Fair Value

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

 

 

$

5,559

 

 

$

 

 

$

5,559

 

Asset-backed securities

 

 

 

 

 

1,820

 

 

 

 

 

 

1,820

 

Restricted cash:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

 

 

 

26,968

 

 

 

 

 

 

26,968

 

Money market funds

 

 

984

 

 

 

 

 

 

 

 

 

984

 

Total assets measured at fair value

 

$

984

 

 

$

34,347

 

 

$

 

 

$

35,331

 

 

 

 

January 31, 2015

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Fair Value

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted cash:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

$

 

 

$

3,367

 

 

$

 

 

$

3,367

 

Total assets measured at fair value

 

$

 

 

$

3,367

 

 

$

 

 

$

3,367

 

 

Fair Value of Redeemable Convertible Preferred Stock Warrants

The following table provides a roll-forward of the fair value of the redeemable convertible preferred stock warrants categorized as Level 3 (in thousands):

 

Balance at January 31, 2013

 

$

2,869

 

Remeasurement

 

 

8,477

 

Exercise of redeemable convertible preferred stock warrants

 

 

(10,000

)

Balance at January 31, 2014

 

 

1,346

 

Remeasurement

 

 

(126

)

Exercise of redeemable convertible preferred stock warrants

 

 

(1,220

)

Balance at January 31, 2015

 

$