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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2018
Jan. 31, 2017
Jan. 31, 2016
Cash flows from operating activities      
Net income $ 141,966 $ 68,804 $ 54,460
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 14,277 13,825 8,464
Amortization of premiums on short-term investments 1,389 1,852 2,804
Stock-based compensation 54,049 40,798 24,258
Deferred income taxes 3,282 (5,073) (6,264)
Loss on foreign currency from market-to-market derivative 265    
Bad debt expense (242) 130 201
Changes in operating assets and liabilities:      
Accounts receivable (50,673) (38,148) (46,653)
Income taxes (2,520) 911 (2,994)
Prepaid expenses and other current and long-term assets (2,492) 831 180
Accounts payable 1,396 1,113 (494)
Accrued expenses and other current liabilities 7,149 336 5,042
Deferred revenue 61,773 56,208 39,357
Other long-term liabilities 3,818 2,424 1,793
Net cash provided by operating activities [1] 233,437 144,011 80,154
Cash flows from investing activities      
Purchases of short-term investments (437,858) (314,847) (313,357)
Maturities and sales of short-term investments 294,705 225,600 364,968
Purchases of property and equipment (9,633) (6,923) (21,153)
Acquisitions, net of cash acquired     (126,183)
Purchases of intangible assets     (568)
Capitalized internal-use software development costs (1,734) (584) (431)
Changes in restricted cash and deposits (202) 102 41
Net cash used in investing activities (154,722) (96,652) (96,683)
Cash flows from financing activities      
Proceeds from early exercise of common stock options     10
Proceeds from exercise of common stock options 20,773 12,362 5,875
Restricted stock units acquired to settle employee tax withholding liability   (14) (6)
Excess tax benefits from employee stock plans   25,628 13,527
Net cash provided by financing activities [1] 20,773 37,976 19,406
Effect of exchange rate changes on cash and cash equivalents 3,089 92 49
Net change in cash and cash equivalents 102,577 85,427 2,926
Cash and cash equivalents at beginning of period 217,606 132,179 129,253
Cash and cash equivalents at end of period 320,183 217,606 132,179
Supplemental disclosures of other cash flow information:      
Cash paid for income taxes, net of refunds 12,461 14,154 19,968
Non-cash investing and financing activities:      
Changes in accounts payable and accrued expenses related to property and equipment purchases (1,388) 460 334
Vesting of early exercised stock options $ 1 $ 26 70
Zinc Ahead Inc [Member]      
Non-cash investing and financing activities:      
Working capital adjustment, not yet paid     $ 339
[1] During the fiscal year ended January 31, 2018, we adopted Accounting Standards Update (ASU) 2016-09, “Compensation-Stock Compensation: Improvements to Employee Share-Based Payment.” Refer to note 1—New Accounting Pronouncements Adopted in Fiscal 2018 for further details. This adoption resulted in a $8.6 million and $45.8 million increase in net cash provided by operating activities and a corresponding decrease in net cash provided by financing activities for the three months and fiscal year ended January 31, 2018, respectively.