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Stockholders' Equity (Tables)
6 Months Ended
Jul. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

A summary of stock option activity for the six months ended July 31, 2017 is as follows:

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

average

 

 

 

 

 

 

 

 

 

 

average

 

 

remaining

 

 

Aggregate

 

 

Number

 

 

exercise

 

 

contractual

 

 

intrinsic

 

 

of shares

 

 

price

 

 

term (in years)

 

 

value

 

Options outstanding at January 31, 2017

 

16,282,343

 

 

$

7.48

 

 

 

6.3

 

 

$

567,491,532

 

Options granted

 

13,000

 

 

 

57.37

 

 

 

 

 

 

 

 

 

Options exercised

 

(1,918,647

)

 

 

7.06

 

 

 

 

 

 

 

 

 

Options forfeited/cancelled

 

(108,201

)

 

 

21.87

 

 

 

 

 

 

 

 

 

Options outstanding at July 31, 2017

 

14,268,495

 

 

$

7.47

 

 

 

5.8

 

 

$

803,181,095

 

Options vested and exercisable at July 31, 2017

 

5,648,977

 

 

$

5.19

 

 

 

5.3

 

 

$

330,863,470

 

Options vested and exercisable at July 31, 2017 and expected to vest

   thereafter

 

14,268,495

 

 

$

7.47

 

 

 

5.8

 

 

$

803,181,095

 

 

 

 

Summary of Restricted Stock Unit (RSU) Activity

A summary of restricted stock unit (RSU) activity for the six months ended July 31, 2017 is as follows:

 

 

 

 

 

 

Weighted

 

 

Unreleased

 

 

average

 

 

restricted

 

 

grant date

 

 

stock units

 

 

fair value

 

Balance at January 31, 2017

 

3,362,650

 

 

$

29.33

 

RSUs granted

 

876,244

 

 

 

51.96

 

RSUs vested

 

(605,180

)

 

 

29.73

 

RSUs forfeited/cancelled

 

(246,247

)

 

 

30.71

 

Balance at July 31, 2017

 

3,387,467

 

 

$

35.03

 

 

 

 

Schedule of Weighted-Average Assumptions Used to Estimate Grant Date Fair Value of Options Granted

The following table presents the weighted-average assumptions used to estimate the grant date fair value of options granted during the periods presented:

 

 

Three Months Ended

July 31,

 

Six Months Ended

July 31,

 

 

2017

 

 

2016

 

2017

 

 

2016

 

Volatility

 

43%

 

 

 

43% – 44%

 

 

45% – 46%

 

Expected term (in years)

 

6.35

 

 

 

 

6.35

 

 

6.31 – 7.56

 

Risk-free interest rate

 

1.89%

 

 

 

1.89% – 2.17%

 

 

1.48% – 1.67%

 

Dividend yield

 

0%

 

 

 

 

0%

 

 

 

0%