| Fair Value Measurements |
|
3. |
Fair Value Measurements |
The following tables set forth our financial assets that were accounted for at fair value on a recurring basis. There were no fair value measurements of our financial assets using level 3 inputs for the periods presented:
|
|
|
|
|
|
|
Fair Value at April 30, 2019 Using |
|
|
|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
|
|
(Amounts in thousands) |
|
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
$ |
3,690 |
|
|
$ |
2,723 |
|
|
$ |
967 |
|
|
Marketable securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Notes and bonds |
|
|
6,350 |
|
|
|
6,350 |
|
|
|
— |
|
|
U.S. Agency bonds |
|
|
995 |
|
|
|
— |
|
|
|
995 |
|
|
Corporate bonds |
|
|
2,299 |
|
|
|
— |
|
|
|
2,299 |
|
|
Total |
|
$ |
13,334 |
|
|
$ |
9,073 |
|
|
$ |
4,261 |
|
|
|
|
|
|
|
|
Fair Value at January 31, 2019 Using |
|
|
|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
|
|
(Amounts in thousands) |
|
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
$ |
2,887 |
|
|
$ |
2,724 |
|
|
$ |
163 |
|
|
Marketable securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Notes and bonds |
|
|
7,072 |
|
|
|
7,072 |
|
|
|
— |
|
|
U.S. Agency bonds |
|
|
992 |
|
|
|
— |
|
|
|
992 |
|
|
Corporate bonds |
|
|
2,295 |
|
|
|
— |
|
|
|
2,295 |
|
|
Total |
|
$ |
13,246 |
|
|
$ |
9,796 |
|
|
$ |
3,450 |
|
Cash equivalents include money market funds and U.S. treasury bills.
Marketable securities by security type consisted of the following:
|
|
|
As of April 30, 2019 |
|
|
|
|
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
|
|
|
(Amounts in thousands) |
|
|
U.S. Treasury Notes and bonds |
|
$ |
6,306 |
|
|
$ |
44 |
|
|
$ |
— |
|
|
$ |
6,350 |
|
|
U.S. Agency bonds |
|
|
1,001 |
|
|
|
— |
|
|
|
(6 |
) |
|
|
995 |
|
|
Corporate bonds |
|
|
2,306 |
|
|
|
— |
|
|
|
(7 |
) |
|
|
2,299 |
|
|
|
|
$ |
9,613 |
|
|
$ |
44 |
|
|
$ |
(13 |
) |
|
$ |
9,644 |
|
|
|
|
As of January 31, 2019 |
|
|
|
|
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
|
|
|
(Amounts in thousands) |
|
|
U.S. Treasury Notes and bonds |
|
$ |
7,055 |
|
|
$ |
17 |
|
|
$ |
— |
|
|
$ |
7,072 |
|
|
U.S. Agency bonds |
|
|
1,001 |
|
|
|
— |
|
|
|
(9 |
) |
|
|
992 |
|
|
Corporate Bonds |
|
|
2,308 |
|
|
|
— |
|
|
|
(13 |
) |
|
|
2,295 |
|
|
|
|
$ |
10,364 |
|
|
$ |
17 |
|
|
$ |
(22 |
) |
|
$ |
10,359 |
|
As of April 30, 2019, marketable securities consisted of investments that mature within one year, with the exception of investments with a fair value of $4.6 million that mature between one and three years.
|