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FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jan. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

Our assets and liabilities measured at fair value on a recurring basis consisted of the following as of January 31, 2024 and 2023: 

						January 31, 2024
						Fair Value Hierarchy Category
(in thousands)						Level 1						Level 2						Level 3
Assets:
Money market funds						$	85,647					$	—					$	—
U.S. Treasury bills, classified as cash and cash equivalents						249						—						—
Foreign currency forward contracts						—						183						—
Contingent consideration receivable						—						—						2,685
Total assets						$	85,896					$	183					$	2,685
Liabilities:
Foreign currency forward contracts						$	—					$	11					$	—
Contingent consideration — business combinations						—						3,750						3,511
Total liabilities						$	—					$	3,761					$	3,511

						January 31, 2023
						Fair Value Hierarchy Category
(in thousands)						Level 1						Level 2						Level 3
Assets:
Money market funds						$	96,941					$	—					$	—
Commercial paper, classified as cash and cash equivalents						—						50,869						$	—
Foreign currency forward contracts						—						19						—
Contingent consideration receivable						—						8						—
Total assets						$	96,941					$	50,896					$	—
Liabilities:
Foreign currency forward contracts						$	—					$	124					$	—
Contingent consideration — business combinations						—						—						12,717
Total liabilities						$	—					$	124					$	12,717

Schedule of Changes in the Estimated Fair Value Using Significant Unobservable Inputs (Level 3)

The following table presents the changes in the estimated fair values of our liabilities for contingent consideration measured using significant unobservable inputs (Level 3) for the years ended January 31, 2024 and 2023: 

						Year Ended January 31,
(in thousands)						2024						2023
Fair value measurement, beginning of year						$	12,717					$	—
Contingent consideration liabilities recorded for business combinations						2,265						12,184
Changes in fair values, recorded in operating expenses						(3,043)						408
Payments of contingent consideration						(4,906)						—
Foreign currency translation and other						228						125
Transfer of contingent consideration liability to Level 2 of the fair value hierarchy						(3,750)						—
Fair value measurement, end of year						$	3,511					$	12,717

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- References

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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