v2.4.0.8

Fair Value of Financial Assets and Liabilities (Tables) | 6 Months Ended
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Oct. 31, 2014
Summary of Cash and Cash Equivalents | The following table summarizes the Company’s cash and cash equivalents as of October 31, 2014 and April 30, 2014 (in thousands):
|  | October 31, |  |  | April 30, |
|  | 2014 |  |  | 2014 |
Demand deposit accounts |  | $ | 28,603 |  |  | $ | 24,721 |
Money market funds |  |  | 4,149 |  |  |  | 6,971 |
Certificates of deposit |  |  | — |  |  |  | 242 |
Municipal bonds |  |  | 103 |  |  |  | — |
Total cash and cash equivalents |  | $ | 32,855 |  |  | $ | 31,934 |
Summary of Short-Term Investments | The following table summarizes the Company’s short-term investments as of October 31, 2014 (in thousands):
|  | Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  | $ | 7,510 |  |  | $ | 4 |  |  | $ | (2 | ) |  | $ | 7,512 |
Municipal bonds |  |  | 3,278 |  |  |  | 19 |  |  |  | (10 | ) |  |  | 3,287 |
Commercial paper |  |  | 5,997 |  |  |  | 2 |  |  |  | — |  |  |  | 5,999 |
U.S. Treasury notes |  |  | 31,830 |  |  |  | 13 |  |  |  | (2 | ) |  |  | 31,841 |
Total short-term investments |  | $ | 48,615 |  |  | $ | 38 |  |  | $ | (14 | ) |  | $ | 48,639 |
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 October 31, 2014 and April 30, 2014 (in thousands):
|  | Fair Value Measurements at October 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 |  | $ | 4,149 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,149 |  |  | $ | 6,971 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,971 |
Certificates of deposit |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 242 |  |  |  | — |  |  |  | — |  |  |  | 242 |
Municipal bonds |  |  | — |  |  |  | 103 |  |  |  | — |  |  |  | 103 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total cash equivalents |  |  | 4,149 |  |  |  | 103 |  |  |  | — |  |  |  | 4,252 |  |  |  | 7,213 |  |  |  | — |  |  |  | — |  |  |  | 7,213 |
Restricted cash |  |  | 1,000 |  |  |  | — |  |  |  | — |  |  |  | 1,000 |  |  |  | 604 |  |  |  | — |  |  |  | — |  |  |  | 604 |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  |  | — |  |  |  | 7,512 |  |  |  | — |  |  |  | 7,512 |  |  |  | — |  |  |  | 7,474 |  |  |  | — |  |  |  | 7,474 |
Municipal bonds |  |  | — |  |  |  | 3,287 |  |  |  | — |  |  |  | 3,287 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial paper |  |  | — |  |  |  | 5,999 |  |  |  | — |  |  |  | 5,999 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
U.S. Treasury notes |  |  | 31,841 |  |  |  | — |  |  |  | — |  |  |  | 31,841 |  |  |  | 33,226 |  |  |  | — |  |  |  | — |  |  |  | 33,226 |
Total short-term investments |  |  | 31,841 |  |  |  | 16,798 |  |  |  | — |  |  |  | 48,639 |  |  |  | 33,226 |  |  |  | 7,474 |  |  |  | — |  |  |  | 40,700 |
Total assets |  | $ | 36,990 |  |  | $ | 16,901 |  |  | $ | — |  |  | $ | 53,891 |  |  | $ | 41,043 |  |  | $ | 7,474 |  |  | $ | — |  |  | $ | 48,517 |

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- Definition Tabular disclosure of the components of cash and cash equivalents. + References No definition available. + Details
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- 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 + Details
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