| Summary of cash and cash equivalents |
The following table summarizes the Company’s cash and cash equivalents
as of July 31, 2012 and April 30, 2012:
| |
|
|
|
|
|
|
|
|
| (in thousands) |
|
July 31, 2012 |
|
|
April 30, 2012 |
|
|
Demand deposit accounts
|
|
$ |
62,698 |
|
|
$ |
45,361 |
|
|
Money market funds
|
|
|
447 |
|
|
|
288 |
|
|
U.S. Treasury bills
|
|
|
5,000 |
|
|
|
7,499 |
|
|
Corporate bonds (U.S. Gov. guaranteed)
|
|
|
— |
|
|
|
21,219 |
|
| |
|
|
|
|
|
|
|
|
|
Total cash and cash equivalents
|
|
$ |
68,145 |
|
|
$ |
74,367 |
|
| |
|
|
|
|
|
|
|
|
|
| Summary of short-term investments |
The following table summarizes the Company’s
short-term investments as of July 31, 2012:
| |
|
|
|
|
|
|
|
|
|
|
|
|
| (in thousands) |
|
Cost |
|
|
Gross
Unrealized
Gains
(Losses) |
|
|
Fair Value |
|
|
Available-for-sale securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Certificates of deposit (U.S. Gov. guaranteed)
|
|
$ |
7,354 |
|
|
$ |
(10 |
) |
|
$ |
7,344 |
|
|
U.S. Treasury notes
|
|
|
49,153 |
|
|
|
(4 |
) |
|
|
49,149 |
|
|
Corporate bonds (U.S. Gov. guaranteed)
|
|
|
18,175 |
|
|
|
(8 |
) |
|
|
18,167 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total short-term investments
|
|
$ |
74,682 |
|
|
$ |
(22 |
) |
|
$ |
74,660 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of fair value of financial assets and liabilities |
The following
table summarizes the fair value of the Company’s financial assets and liabilities that were measured on a recurring basis as of July 31, 2012 and April 30, 2012:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Fair Value Measurements at July 31, 2012 |
|
|
Fair Value Measurements at April 30, 2012 |
|
| (in thousands) |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds
|
|
$ |
447 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
447 |
|
|
$ |
288 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
288 |
|
|
U.S. Treasury bills
|
|
|
5,000 |
|
|
|
— |
|
|
|
— |
|
|
|
5,000 |
|
|
|
7,499 |
|
|
|
— |
|
|
|
— |
|
|
|
7,499 |
|
|
Corporate bonds (U.S. Gov. guaranteed)
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
21,219 |
|
|
|
— |
|
|
|
— |
|
|
|
21,219 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total cash equivalents
|
|
|
5,447 |
|
|
|
— |
|
|
|
— |
|
|
|
5,447 |
|
|
|
29,006 |
|
|
|
— |
|
|
|
— |
|
|
|
29,006 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted cash
|
|
|
604 |
|
|
|
— |
|
|
|
— |
|
|
|
604 |
|
|
|
500 |
|
|
|
— |
|
|
|
— |
|
|
|
500 |
|
|
Short-term investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Certificates of deposit (U.S. Gov. guaranteed)
|
|
|
7,344 |
|
|
|
— |
|
|
|
— |
|
|
|
7,344 |
|
|
|
4,496 |
|
|
|
— |
|
|
|
— |
|
|
|
4,496 |
|
|
U.S. Treasury notes
|
|
|
49,149 |
|
|
|
— |
|
|
|
— |
|
|
|
49,149 |
|
|
|
28,099 |
|
|
|
— |
|
|
|
— |
|
|
|
28,099 |
|
|
Corporate bonds (U.S. Gov. guaranteed)
|
|
|
18,167 |
|
|
|
— |
|
|
|
— |
|
|
|
18,167 |
|
|
|
18,239 |
|
|
|
— |
|
|
|
— |
|
|
|
18,239 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total short-term investments
|
|
|
74,660 |
|
|
|
— |
|
|
|
— |
|
|
|
74,660 |
|
|
|
50,834 |
|
|
|
— |
|
|
|
— |
|
|
|
50,834 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$ |
80,711 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
80,711 |
|
|
$ |
80,340 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
80,340 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|