Summary of Business and Significant Accounting Policies (Tables)

6 Months Ended

Jul. 31, 2018

Schedule of Certain Risks and Concentrations of Credit Risk

The following customers individually exceeded 10% of total accounts receivable as of the dates shown:

	July 31,	January 31,
	2018	2018
Customer 1	*	18%
Customer 2	*	13%

*	Does not exceed 10%.

Topic 606 [Member]

Schedule of Condensed Consolidated Balance Sheet

Select impacted condensed consolidated balance sheet line items, which reflect the adoption of the new standards are as follows (in thousands):

	January 31, 2018
	As Reported		Adjustments				As adjusted
Assets
Accounts receivable⁽¹⁾	$	233,731		(9,063	)	a	$	224,668
Unbilled accounts receivable⁽¹⁾		—		13,348		a		13,348
Deferred costs, net		—		30,306		a		30,306
Deferred income taxes, non-current		3,490		(1,268	)	a		2,222
Liabilities
Deferred revenue	$	275,446	$	(8,507	)	a	$	266,939
Deferred income taxes, non-current		3,828		7,121		a		10,949
Stockholders’ equity:
Accumulated other comprehensive income	$	1,404	$	196		b	$	1,600
Retained earnings		354,850		34,515		a, b		389,365

⁽¹⁾	Unbilled accounts receivable was previously included in Accounts receivable before the adoption of Topic 606.

a	Adjusted to reflect the adoption of ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).”

b	Adjusted to reflect the adoption of ASU 2018-02, “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.”

Schedule of Unaudited Consolidated Statements of Comprehensive Income

Select unaudited condensed consolidated statement of comprehensive income line items, which reflect the adoption of the new standards are as follows (in thousands):

	Three months ended July 31, 2017
	As Reported		Adjustments			As adjusted
Revenues:
Subscription services	$	134,340	$	1,210	a	$	135,550
Operating expenses:
Sales and marketing		32,017		53	a		32,070
Operating income		36,898		1,169	a		38,067
Provision for income taxes		1,912		411	a		2,323
Net income	$	37,844	$	758	a	$	38,602
Net income per share attributable to Class A and Class B common stockholders:
Basic	$	0.27	$	0.01	a	$	0.28
Diluted	$	0.25	$	—	a	$	0.25

	Six months ended July 31, 2017
	As Reported		Adjustments			As adjusted
Revenues:
Subscription services	$	261,617	$	3,064	a	$	264,681
Operating expenses:
Sales and marketing		61,827		384	a		62,211
Operating income		74,237		2,693	a		76,930
Provision for income taxes		3,819		962	a		4,781
Net income	$	73,867	$	1,731	a	$	75,598
Net income per share attributable to Class A and Class B common stockholders:
Basic	$	0.53	$	0.01	a	$	0.54
Diluted	$	0.48	$	0.01	a	$	0.49

a	Adjusted to reflect the adoption of ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).”

Schedule of Unaudited Condensed Consolidated Statement of Cash Flows

Select unaudited condensed consolidated statement of cash flows line items, which reflect the adoption of the new standards are as follows (in thousands):

	Three months ended July 31, 2017
	As Reported			Adjustments				As adjusted
Cash flows from operating activities
Net income	$	37,844		$	758		a	$	38,602
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred costs		—			4,087		a		4,087
Changes in operating assets and liabilities:
Accounts receivable		16,169			176		a		16,345
Unbilled accounts receivable		—			7,453		a		7,453
Deferred costs		—			(4,046	)	a		(4,046	)
Deferred revenue		(15,410	)		(8,840	)	a		(24,250	)
Net cash provided by operating activities		57,607			(1	)	a		57,606
Change in restricted cash and deposits		(201	)		201		b		—
Net cash (used in) provided by investing activities		(20,499	)		201		b		(20,298	)
Net change in cash, cash equivalents and restricted cash		43,566			200		b		43,766
Cash, cash equivalents and restricted cash at the beginning of period		365,660			1,002		b		366,662
Cash, cash equivalents and restricted cash at the end of period	$	409,226		$	1,202		b	$	410,428

	Six months ended July 31, 2017
	As Reported			Adjustments				As adjusted
Cash flows from operating activities
Net income	$	73,867		$	1,731		a	$	75,598
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred costs		—			8,135		a		8,135
Changes in operating assets and liabilities:
Accounts receivable		85,869			1,280		a		87,149
Unbilled accounts receivable		—			(479	)	a		(479	)
Deferred costs		—			(7,763	)	a		(7,763	)
Deferred revenue		9,027			(3,866	)	a		5,161
Net cash provided by operating activities		199,768			(1	)	a		199,767
Change in restricted cash and deposits		(202	)		202		b		—
Net cash (used in) provided by investing activities		(22,804	)		202		b		(22,602	)
Net change in cash, cash equivalents and restricted cash		191,620			201		b		191,821
Cash, cash equivalents and restricted cash at the beginning of period		217,606			1,001		b		218,607
Cash, cash equivalents and restricted cash at the end of period	$	409,226		$	1,202		b	$	410,428

a	Adjusted to reflect the adoption of ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).”

b	Adjusted to reflect the adoption of ASU 2016-18, “Statement of Cash Flows, Restricted Cash.”