v2.4.0.8

Fair Value of Financial Assets and Liabilities (Tables)

12 Months Ended

Apr. 30, 2014

Summary of Cash and Cash Equivalents

The following table summarizes the Company’s cash and cash equivalents as of April 30, 2014 and 2013 (in thousands):

		April 30,
		2014				2013
Demand deposit accounts		$	24,721			$	16,522
Money market funds			6,971				1,314
Certificates of deposit			242				—
U.S. Treasury bills			—				7,209
Total cash and cash equivalents		$	31,934			$	25,045

Summary of Short-Term Investments

The following table summarizes the Company’s short-term investments as of April 30, 2014 (in thousands):

		Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Available-for-sale securities:
Certificates of deposit		$	7,466			$	17			$	(9	)		$	7,474
U.S. Treasury notes			33,226				2				(2	)			33,226
Total short-term investments		$	40,692			$	19			$	(11	)		$	40,700

The following table summarizes the Company’s short-term investments as of April 30, 2013 (in thousands):

		Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Available-for-sale securities:
Certificates of deposit		$	9,230			$	9			$	(4	)		$	9,235
U.S. Treasury notes			61,140				15				(100	)			61,055
Total short-term investments		$	70,370			$	24			$	(104	)		$	70,290

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 April 30, 2014 and 2013 (in thousands):

		Fair Value Measurements at April 30, 2014																Fair Value Measurements at April 30, 2013
		Level 1				Level 2				Level 3				Total				Level 1				Level 2				Level 3				Total
Assets:
Cash equivalents:
Money market funds		$	6,971			$	—			$	—			$	6,971			$	1,314			$	—			$	—			$	1,314
Certificates of deposit			242				—				—				242				—				—				—				—
U.S. Treasury bills			—				—				—				—				7,209				—				—				7,209
Total cash equivalents			7,213				—				—				7,213				8,523				—				—				8,523
Restricted cash			604				—				—				604				604				—				—				604
Short-term investments:
Certificates of deposit			—				7,474				—				7,474				—				9,235				—				9,235
U.S. Treasury notes			33,226				—				—				33,226				61,055				—				—				61,055
Total short-term investments			33,226				7,474				—				40,700				61,055				9,235				—				70,290
Total assets		$	41,043			$	7,474			$	—			$	48,517			$	70,182			$	9,235			$	—			$	79,417
Liabilities:
Contingent consideration (see Note 6)		$	—			$	—			$	—			$	—			$	—			$	—			$	3,270			$	3,270
Total liabilities		$	—			$	—			$	—			$	—			$	—			$	—			$	3,270			$	3,270

X

- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

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- Definition

Tabular disclosure of the components of cash and cash equivalents.

+ References

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X

- 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/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258

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