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Cash, Cash Equivalents, and Investments (Tables)

3 Months Ended

Apr. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of Cash and Cash Equivalents

Cash, cash equivalents, and investments consisted of the following:

			As of April 30, 2021						As of January 31, 2021
			(in thousands)
Cash and cash equivalents
Cash			$	136,274					$	184,308
Money market funds			189,759						139,870
U.S. Treasury securities			—						14,988
Total cash and cash equivalents			$	326,033					$	339,166
Available-for-sale investments:
U.S. Treasury securities			$	57,873					$	45,026
Commercial paper			43,361						34,598
Corporate debt securities			129,698						141,488
Total available-for-sale investments			$	230,932					$	221,112

Components of Available-for-sale Investments

Cash, cash equivalents, and investments consisted of the following:

			As of April 30, 2021						As of January 31, 2021
			(in thousands)
Cash and cash equivalents
Cash			$	136,274					$	184,308
Money market funds			189,759						139,870
U.S. Treasury securities			—						14,988
Total cash and cash equivalents			$	326,033					$	339,166
Available-for-sale investments:
U.S. Treasury securities			$	57,873					$	45,026
Commercial paper			43,361						34,598
Corporate debt securities			129,698						141,488
Total available-for-sale investments			$	230,932					$	221,112

Components of Held-to-maturity Investments

Cash, cash equivalents, and investments consisted of the following:

			As of April 30, 2021						As of January 31, 2021
			(in thousands)
Cash and cash equivalents
Cash			$	136,274					$	184,308
Money market funds			189,759						139,870
U.S. Treasury securities			—						14,988
Total cash and cash equivalents			$	326,033					$	339,166
Available-for-sale investments:
U.S. Treasury securities			$	57,873					$	45,026
Commercial paper			43,361						34,598
Corporate debt securities			129,698						141,488
Total available-for-sale investments			$	230,932					$	221,112

The following tables summarize the Company’s investments’ adjusted cost, net unrealized gains (losses), and fair value by significant investment category as of April 30, 2021 and January 31, 2021. Gross realized gains or losses from sales of available-for-sale securities were not material for the three months ended April 30, 2021.

			As of April 30, 2021
			Cost Basis						Unrealized Gain (Loss), Net						Recorded Basis
			(in thousands)
Available-for-sale investments:
U.S. Treasury securities			$	57,870					$	3					$	57,873
Commercial paper			43,362						(1)						43,361
Corporate debt securities			129,561						137						129,698
Total available-for-sale investments			$	230,793					$	139					$	230,932

			As of January 31, 2021
			Cost Basis						Unrealized Gain, Net						Recorded Basis
			(in thousands)
Available-for-sale investments:
U.S. Treasury securities			$	45,023					$	3					$	45,026
Commercial paper			34,607						(9)						34,598
Corporate debt securities			141,139						349						141,488
Total available-for-sale investments			$	220,769					$	343					$	221,112

Summary of Carrying Value of Available-for-sale Investments

The following tables summarize the Company’s investments’ adjusted cost, net unrealized gains (losses), and fair value by significant investment category as of April 30, 2021 and January 31, 2021. Gross realized gains or losses from sales of available-for-sale securities were not material for the three months ended April 30, 2021.

			As of April 30, 2021
			Cost Basis						Unrealized Gain (Loss), Net						Recorded Basis
			(in thousands)
Available-for-sale investments:
U.S. Treasury securities			$	57,870					$	3					$	57,873
Commercial paper			43,362						(1)						43,361
Corporate debt securities			129,561						137						129,698
Total available-for-sale investments			$	230,793					$	139					$	230,932

			As of January 31, 2021
			Cost Basis						Unrealized Gain, Net						Recorded Basis
			(in thousands)
Available-for-sale investments:
U.S. Treasury securities			$	45,023					$	3					$	45,026
Commercial paper			34,607						(9)						34,598
Corporate debt securities			141,139						349						141,488
Total available-for-sale investments			$	220,769					$	343					$	221,112

Summary of Contractual Maturities of Available-for-sale Securities

The following table presents the Company’s available-for-sale securities by contractual maturity date as of April 30, 2021 and January 31, 2021:

			As of April 30, 2021
			Cost Basis						Recorded Basis
			(in thousands)
Due within one year			$	180,327					$	180,494
Due between one to five years			50,466						50,438
Total			$	230,793					$	230,932

			As of January 31, 2021
			Cost Basis						Recorded Basis
			(in thousands)
Due within one year			$	171,498					$	171,837
Due between one to five years			49,271						49,275
Total			$	220,769					$	221,112

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- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=121645371&loc=SL120269825-111563

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=121645371&loc=SL120269820-111563

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27232-111563

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