Fair Value Measurement (Tables)

6 Months Ended

Jul. 31, 2015

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis

Financial liabilities measured at fair value on a recurring basis

The following table presents information about financial liabilities measured at fair value on a recurring basis as of July 31, 2015:

	Fair Value		Level 1		Level 2		Level 3
Contingent consideration	$	3,008	$	—	$	—	$	3,008

The following table presents information about financial liabilities measured at fair value on a recurring basis as of January 31, 2015:

	Fair Value		Level 1		Level 2		Level 3
Contingent consideration	$	4,563	$	—	$	—	$	4,563

Significant unobservable inputs

The fair value measurement of our contingent consideration as of July 31, 2015 encompasses the following significant unobservable inputs:

Unobservable Inputs	Range
Total estimated contingent consideration	$546	-	$4,650
Discount rate	9.5%	-	16.0%
Timing of cash flows (in years)	1	-	3

Summary of level 3 activity

The following table summarizes contingent consideration activity:

Balance as of January 31, 2015	$	4,563
Payments	(1,525		)
Adjustments	(97		)
Interest accretion	67
Balance as of July 31, 2015	$	3,008

Schedule of notes payable

The following table summarizes the fair value and carrying value of notes payable:

As of	July 31, 2015		January 31, 2015
Fair value of notes payable	$	340,336	$	310,173
Carrying value of notes payable	$	236,825	$	230,400