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Fair Value Measurements | 3 Months Ended
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Apr. 30, 2019
Fair Value Disclosures [Abstract] |
Fair Value Measurements | Note 3: Fair Value Measurements The Company records its financial assets and liabilities at fair value. The Company estimates and categorizes fair value by applying the following hierarchy: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets.
Level 2: | Observable prices based on inputs not quoted in active markets, but are corroborated by market data.
Level 3: | Unobservable inputs that are supported by little or no market activity.
The Company’s financial assets that are measured at fair value on a recurring basis by level within the fair value hierarchy were as follows (in thousands):
|  | Balance as of April 30, 2019 |  |  | Balance as of January 31, 2019 |
|  | Level 1 |  |  | Level 2 |  |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 4,652 |  |  | $ | — |  |  | $ | 4,652 |  |  | $ | 5,951 |  |  | $ | — |  |  | $ | 5,951 |
Commercial paper |  |  | — |  |  |  | 1,998 |  |  |  | 1,998 |  |  |  | — |  |  |  | 5,429 |  |  |  | 5,429 |
Total cash equivalents |  | $ | 4,652 |  |  | $ | 1,998 |  |  | $ | 6,650 |  |  | $ | 5,951 |  |  | $ | 5,429 |  |  | $ | 11,380 |
Cash |  |  |  |  |  |  |  |  |  |  | 4,722 |  |  |  |  |  |  |  |  |  |  |  | 3,990 |
Total cash and cash equivalents |  |  |  |  |  |  | $ | 11,372 |  |  |  |  |  |  |  |  |  |  | $ | 15,370 |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government securities |  | $ | 8,385 |  |  | $ | 1,442 |  |  | $ | 9,827 |  |  | $ | 11,088 |  |  | $ | — |  |  | $ | 11,088 |
Corporate debt securities |  |  | — |  |  |  | 2,798 |  |  |  | 2,798 |  |  |  | — |  |  |  | 4,735 |  |  |  | 4,735 |
Commercial paper |  |  | — |  |  |  | 9,988 |  |  |  | 9,988 |  |  |  | — |  |  |  | 8,253 |  |  |  | 8,253 |
U.S. agency securities |  |  | — |  |  |  | 996 |  |  |  | 996 |  |  |  | — |  |  |  | 990 |  |  |  | 990 |
Asset-backed securities |  |  | — |  |  |  | 2,194 |  |  |  | 2,194 |  |  |  | — |  |  |  | 2,187 |  |  |  | 2,187 |
Total short-term investments |  | $ | 8,385 |  |  | $ | 17,418 |  |  | $ | 25,803 |  |  | $ | 11,088 |  |  | $ | 16,165 |  |  | $ | 27,253 |
The Company classifies its cash equivalents and short-term investments within Level 1 or Level 2 because it uses quoted market prices or alternative pricing sources and models utilizing market observable inputs to determine their fair value. For the periods presented, the Company had no investments with contractual maturities greater than one year, no Level 3 assets and there were no transfers between levels. The amortized cost of cash equivalents and short-term investments approximated their fair value and there were no material realized or unrealized gains or losses, either individually or in the aggregate. No investments in the Company’s portfolio were other-than-temporarily impaired. Level 3 liabilities. As of April 30, 2019 and January 31, 2019, the Company had accrued contingent consideration of $0.2 million related to the acquisition of Voxter Communications, Inc. (“Voxter”) that was estimated using an income-based approach. Key inputs included assumptions regarding the achievement of certain performance milestones and discount rates consistent with the level of risk and economy in general. Contingent consideration was classified as a component of accrued expenses on the condensed consolidated balance sheets and changes in fair value, if any, are recorded to general and administrative expenses in the condensed consolidated statements of operations.

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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -URI http://asc.fasb.org/topic&trid=2155941 + Details
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