XML 51 R38.htm IDEA: XBRL DOCUMENT
v3.23.1

Equity Incentive Plans (Tables) | 12 Months Ended
--- | ---
Jan. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Recognized Stock-based Compensation Expense | The Company recognized stock-based compensation expense related to its equity incentive plans as follows (in thousands):
| Year Ended January 31,
| 2021 |  | 2022 |  | 2023
Cost of revenue: |  |  |  |  |
Subscription | $ | 1,213 |  | $ | 2,819 |  | $ | 2,676
Professional services and other | 843 |  | 1,753 |  | 1,822
Sales and marketing | 10,936 |  | 21,241 |  | 30,636
Research and development | 9,095 |  | 15,853 |  | 24,335
General and administrative | 11,218 |  | 18,155 |  | 23,680
Interest expense | 444 |  | 705 |  | 710 |
Total | $ | 33,749 |  |  | $ | 60,526 |  |  | $ | 83,859 |
Schedule of Outstanding Stock Options and Related Activity | The following table sets forth the outstanding common stock options and related activity for the years ended January 31, 2021, 2022 and 2023:
| Shares Subject to Outstanding Options |  | Weighted- Average Exercise Price per Share |  | Weighted-Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value (in thousands)
Outstanding as of January 31, 2020 | 1,745,415 |  |  | $ | 23.91 |  |  | 4.6 |  | $ | 5,152 |
Exercised | (374,049) |  |  | 21.64 |  |  |  |  |
Forfeited | (2,112) |  |  | 27.96 |  |  |  |  |
Expired | (72,751) |  |  | 37.53 |  |  |  |  |
Outstanding as of January 31, 2021 | 1,296,503 |  | 23.79 |  | 3.7 |  | 51,339
Exercised | (332,137) |  |  | 16.92 |  |  |  |  |
Forfeited | (1,009) |  |  | 28.20 |  |  |  |  |
Expired | (69) |  |  | 40.02 |  |  |  |  |
Outstanding as of January 31, 2022 | 963,288 |  | 26.16 |  |  | 2.9 |  | 20,166
Exercised | (47,389) |  |  | 18.17 |  |  |  |
Expired | (39,615) |  |  | 30.48 |  |  |  |
Outstanding as of January 31, 2023 | 876,284 |  | $ | 26.40 |  | 1.9 |  | $ | 59
Vested and exercisable at January 31, 2023 | 875,242 |  | $ | 26.39 |  | 1.9 |  | $ | 59
Schedule of Outstanding RSUs and Related Activity | The following table sets forth the outstanding RSUs and related activity for the years ended January 31, 2021, 2022 and 2023:
| Number of Shares |  | Weighted- Average Grant Date Fair Value
Outstanding as of January 31, 2020 | 2,176,805 |  |  | $ | 23.40 |
Granted | 3,209,165 |  |  | 25.94 |
Vested | (1,028,734) |  |  | 21.71 |
Canceled | (499,075) |  |  | 23.22 |
Outstanding as of January 31, 2021 | 3,858,161 |  |  | 25.97 |
Granted | 2,540,946 |  |  | 77.98 |
Vested | (1,681,544) |  |  | 25.37 |
Canceled | (378,944) |  |  | 40.42 |
Outstanding as of January 31, 2022 | 4,338,619 |  | 55.40 |
Granted | 2,314,571 |  | 39.46 |
Vested | (1,630,656) |  |  | 51.26 |
Canceled | (1,128,440) |  |  | 53.27 |
Outstanding as of January 31, 2023 | 3,894,094 |  | $ | 48.27 |
Schedule of Weighted-average Assumptions Used in Determining Grant-date Fair Value of ESPP Purchase Rights | The fair value of the purchase rights for the ESPP are estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions:
| Year Ended January 31,
| 2021 |  | 2022 |  | 2023
Expected stock price volatility | 49% - 83% |  | 41% - 82% |  | 60% - 90%
Expected term | 0.5 - 2.0 years |  | 0.5 - 1.0 year |  | 0.5 - 1.0 year
Risk-free interest rate | 0.11% - 0.23% |  | 0.04% - 0.09% |  | 1.09% - 4.05%
Expected dividend yield | – |  | – |  | –

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration