v2.4.0.8

Fair Value of Financial Assets and Liabilities (Tables)

3 Months Ended

Jul. 31, 2014

Summary of Cash and Cash Equivalents

The following table summarizes the Company’s cash and cash equivalents as of July 31, 2014 and April 30, 2014 (in thousands):

		July 31, 2014				April 30, 2014
Demand deposit accounts		$	21,674			$	24,721
Money market funds			1,442				6,971
Certificates of deposit			—				242
Municipal bonds			887				—
U.S. Treasury bills			701				—
Total cash and cash equivalents		$	24,704			$	31,934

Summary of Short-Term Investments

The following table summarizes the Company’s short-term investments as of July 31, 2014 (in thousands):

		Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Available-for-sale securities:
Certificates of deposit		$	7,230			$	1			$	(7	)		$	7,224
Municipal bonds			3,377				31				(1	)			3,407
Commercial paper			5,997				—				(1	)			5,996
U.S. Treasury notes			51,258				14				(1	)			51,271
Total short-term investments		$	67,862			$	46			$	(10	)		$	67,898

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

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, 2014 and April 30, 2014 (in thousands):

		Fair Value Measurements at July 31, 2014																Fair Value Measurements at April 30, 2014
		Level 1				Level 2				Level 3				Total				Level 1				Level 2				Level 3				Total
Assets:
Cash equivalents:
Money market funds		$	1,442			$	—			$	—			$	1,442			$	6,971			$	—			$	—			$	6,971
Certificates of deposit			—				—				—				—				242				—				—				242
Municipal bonds			—				887				—				887				—				—				—				—
U.S. Treasury bills			701				—				—				701				—				—				—				—
Total cash equivalents			2,143				887				—				3,030				7,213				—				—				7,213
Restricted cash			500				—				—				500				604				—				—				604
Short-term investments:
Certificates of deposit			—				7,224				—				7,224				—				7,474				—				7,474
Municipal bonds			—				3,407				—				3,407				—				—				—				—
Commercial paper			—				5,996				—				5,996				—				—				—				—
U.S. Treasury notes			51,271				—				—				51,271				33,226				—				—				33,226
Total short-term investments			51,271				16,627				—				67,898				33,226				7,474				—				40,700
Total assets		$	53,914			$	17,514			$	—			$	71,428			$	41,043			$	7,474			$	—			$	48,517

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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X

- 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=36462937&loc=d3e19190-110258

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