Fair Value Measurement

12 Months Ended

Jan. 31, 2013

Fair Value Measurement [Abstract]

Fair Value Measurement

4.    Fair Value Measurement

The following table represents the Company’s financial instruments measured at fair value on a recurring basis (in thousands):

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable  Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)		Total
As of January 31, 2013:
Money market funds (1)	$	68,971	$	—	$	—	$	68,971
As of January 31, 2012:
Money market funds (1)		78,669		—		—		78,669

(1) Included in cash and cash equivalents on the consolidated balance sheets

The Company’s policy is to recognize asset or liability transfers among Level 1, Level 2, and Level 3 as of the actual date of the events or change in circumstances that caused the transfer. During the years ended January 31, 2013 and 2012, the Company had no transfers between levels of the fair value hierarchy of its assets or liabilities measured at fair value.

Certain of the Company’s assets, including intangible assets and goodwill, are measured at fair value on a nonrecurring basis if impairment is indicated.

The carrying amount of the Company’s financial instruments including cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate fair values due to their short-term maturities. The fair value of the long-term debt is disclosed in Note 7.