Fair Value of Financial Assets and Liabilities Measured on Recurring Basis |
The following tables set forth our financial assets and liabilities
that were accounted for at fair value on a recurring basis as of
January 31, 2015 and January 31, 2014:
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Fair Value at January 31, 2015
Using |
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January 31,
2015 |
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Quoted Prices
in Active
Markets for
Identical Assets
(Level 1) |
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Significant
Other
Observable
Inputs
(Level 2) |
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Significant
Unobservable
Inputs
(Level 3) |
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(Amounts in
thousands) |
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Financial assets:
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Money market accounts (a)
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$ |
1,575 |
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$ |
1,575 |
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$ |
— |
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$ |
— |
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Available for sale marketable securities:
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Current marketable securities:
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U.S. treasury notes and bonds—conventional
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1,501 |
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1,501 |
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— |
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— |
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U.S. government agency issues
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6,015 |
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— |
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6,015 |
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— |
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Non-current marketable securities:
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U.S. treasury notes and bonds—conventional
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4,286 |
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4,286 |
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U.S. government agency issues
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2,507 |
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— |
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2,507 |
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— |
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Total
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$ |
15,884 |
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$ |
7,362 |
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$ |
8,522 |
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$ |
— |
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Fair Value at January 31, 2014
Using |
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January 31,
2014 |
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Quoted Prices
in Active
Markets for
Identical Assets
(Level 1) |
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|
Significant
Other
Observable
Inputs
(Level 2) |
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Significant
Unobservable
Inputs
(Level 3) |
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(Amounts in thousands) |
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Financial assets:
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Money market accounts (a)
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$ |
3,463 |
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$ |
3,463 |
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$ |
— |
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$ |
— |
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Available for sale marketable securities:
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Current marketable securities:
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U.S. treasury notes and bonds—conventional
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3,545 |
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3,545 |
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— |
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— |
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U.S. government agency issues
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2,010 |
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— |
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2,010 |
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— |
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Non-current marketable securities:
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U.S. government agency issues
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6,814 |
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— |
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6,814 |
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— |
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Total
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$ |
15,832 |
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$ |
7,008 |
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$ |
8,824 |
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$ |
— |
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a) |
Money market funds and U.S. treasury
bills are included in cash and cash equivalents on the accompanying
consolidated balance sheet and are valued at quoted market prices
for identical instruments in active markets. |
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Summary of Available-for-Sale Securities |
The following is a summary of cash, cash equivalents and
available-for-sale securities, including the cost basis, aggregate
fair value and unrealized gains and losses, for short-and long-term
marketable securities portfolio as of January 31, 2015 and
2014:
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Amortized
Cost |
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Gross
Unrealized
Gains |
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Gross
Unrealized
Losses |
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Estimated
Fair Value |
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(Amounts in
thousands) |
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January 31, 2015:
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Cash
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$ |
88,444 |
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$ |
— |
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$ |
— |
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$ |
88,444 |
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Cash equivalents
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1,575 |
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— |
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— |
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1,575 |
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Cash and cash equivalents
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90,019 |
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— |
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— |
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90,019 |
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U.S. treasury notes and bonds—short-term
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1,500 |
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1 |
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1,501 |
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U.S. treasury notes and bonds—long-term
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4,268 |
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18 |
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— |
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4,286 |
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U.S, government agency issues—short-term
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6,008 |
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7 |
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— |
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6,015 |
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U.S, government agency issues—long-term
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2,490 |
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17 |
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2,507 |
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Total cash, cash equivalents and marketable securities
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$ |
104,285 |
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$ |
43 |
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$ |
— |
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$ |
104,328 |
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January 31, 2014:
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Cash
|
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$ |
112,271 |
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$ |
— |
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$ |
— |
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$ |
112,271 |
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Cash equivalents
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3,463 |
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— |
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— |
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3,463 |
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Cash and cash equivalents
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115,734 |
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— |
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— |
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|
115,734 |
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U.S. treasury notes and bonds—short-term
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3,540 |
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5 |
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3,545 |
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U.S. government agency issues—short-term
|
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2,005 |
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5 |
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2,010 |
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U.S. government agency issues—long-term
|
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6,806 |
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8 |
|
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|
— |
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6,814 |
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Total cash, cash equivalents and marketable securities
|
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$ |
128,085 |
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$ |
18 |
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$ |
— |
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$ |
128,103 |
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