Short-Term Investments

12 Months Ended

Jan. 31, 2015

Investments Debt And Equity Securities [Abstract]

Short-Term Investments

Note 3. Short-Term Investments

At January 31, 2015, short-term investments consisted of the following (in thousands):

			Gross		Gross			Estimated
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Available-for-sale securities:
Asset-backed securities	$	9,323	$	—	$	(4	)	$	9,319
Commercial paper		3,394		—		—			3,394
Corporate notes and bonds		45,990		18		(19	)		45,989
U.S. agency obligations		199,822		92		(3	)		199,911
U.S. treasury securities		9,999		8		—			10,007
Total available-for-sale securities	$	268,528	$	118	$	(26	)	$	268,620

At January 31, 2014, short-term investments consisted of the following (in thousands):

			Gross		Gross			Estimated
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Available-for-sale securities:
Corporate notes and bonds	$	10,499	$	9	$	(1	)	$	10,507
U.S. agency obligations		15,111		7		—			15,118
Total available-for-sale securities	$	25,610	$	16	$	(1	)	$	25,625

The following table summarizes the estimated fair value of our short-term investments, designated as available-for-sale and classified by the contractual maturity date of the securities as of the dates shown (in thousands):

	January 31,		January 31,
	2015		2014
Due in one year or less	$	224,263	$	17,667
Due in greater than one year		44,357		7,958
Total	$	268,620	$	25,625

We have certain available-for-sale securities in a gross unrealized loss position, all of which have been in such position for less than 12 months. We review our debt securities classified as short-term investments on a regular basis to evaluate whether or not any security has experienced an other-than-temporary decline in fair value. We consider factors such as the length of time and extent to which the market value has been less than the cost, the financial position and near-term prospects of the issuer and our intent to sell, or whether it is more likely than not we will be required to sell the investment before recovery of the investment’s amortized-cost basis. If we determine that an other-than-temporary decline exists in one of these securities, the respective investment would be written down to fair value. For debt securities, the portion of the write-down related to credit loss would be recognized to other income, net in our consolidated statements of comprehensive income. Any portion not related to credit loss would be included in accumulated other comprehensive income. There were no impairments considered other-than-temporary as of January 31, 2015 and 2014.

The following table shows the fair values and the gross unrealized losses of these available-for-sale securities aggregated by investment category as of January 31, 2015 (in thousands):  

			Gross
	Fair		Unrealized
	Value		Losses
Asset-backed securities	$	9,319	$	(4	)
Corporate notes and bonds		23,239		(19	)
U.S. agency obligations		18,398		(3	)

The following table shows the fair values and the gross unrealized losses of these available-for-sale securities aggregated by investment category as of January 31, 2014 (in thousands):  

			Gross
	Fair		Unrealized
	Value		Losses
Corporate notes and bonds	$	1,403	$	(1	)