Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities

v3.21.1
Marketable Securities
 3 Months Ended
Apr. 30, 2021
Marketable Securities [Abstract]  
Marketable Securities

4.  Marketable Securities

The following is a summary of our marketable securities (in thousands):

 

 

 

As of April 30, 2021

 

 

 

Amortized Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Estimated Fair Value

 

Commercial paper

 

$

27,774

 

 

$

—

 

 

$

—

 

 

$

27,774

 

Corporate bonds

 

 

55,533

 

 

 

—

 

 

 

(44

)

 

 

55,489

 

Total marketable securities

 

$

83,307

 

 

$

—

 

 

$

(44

)

 

$

83,263

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2021

 

 

 

Amortized Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Estimated Fair Value

 

Commercial paper

 

$

23,171

 

 

$

—

 

 

$

—

 

 

$

23,171

 

Corporate bonds

 

 

79,674

 

 

 

7

 

 

 

(24

)

 

 

79,657

 

Total marketable securities

 

$

102,845

 

 

$

7

 

 

$

(24

)

 

$

102,828

 

 

As of April 30, 2021 and January 31, 2021, the contractual maturities of our marketable securities were all less than one year. To determine whether a decline in value is other-than temporary, we evaluate, among other factors: the duration and extent to which the fair value has been less than the carrying value and our intent and ability to retain the marketable securities for a period of time sufficient to allow for any anticipated recovery in fair value. Based on the available evidence, we concluded that the gross unrealized losses on the marketable securities as of April 30, 2021 and January 31, 2021 are temporary in nature.