Income Taxes (Tables)
|
12 Months Ended |
Jan. 31, 2022 |
|---|
| Income Tax Disclosure [Abstract] |
|
| Schedule of Domestic and Foreign Component of Loss Before Provision for Income Taxes |
The domestic and foreign component of the loss before provision for income taxes was as follows (in thousands):
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|
Year Ended January 31, |
|
2022 |
|
2021 |
|
2020 |
| Domestic |
$ |
(123,956) |
|
|
$ |
(39,957) |
|
|
$ |
(43,461) |
|
| Foreign |
19,402 |
|
|
5,764 |
|
|
7,005 |
|
| Total |
$ |
(104,554) |
|
|
$ |
(34,193) |
|
|
$ |
(36,456) |
|
|
| Schedule of Components of Income Tax Expense (Benefit) |
The provision for income taxes consisted of the following (in thousands):
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|
Year Ended January 31, |
|
2022 |
|
2021 |
|
2020 |
| Current tax provision |
|
|
|
|
|
| Federal |
$ |
— |
|
|
$ |
— |
|
|
$ |
(11) |
|
| State |
67 |
|
|
102 |
|
|
38 |
|
| Foreign |
6,987 |
|
|
3,785 |
|
|
3,330 |
|
7,054 |
|
|
3,887 |
|
|
3,357 |
|
|
|
|
|
|
|
| Deferred tax expense (benefit) |
|
|
|
|
|
| Federal |
$ |
88 |
|
|
$ |
85 |
|
|
$ |
76 |
|
| State |
92 |
|
|
99 |
|
|
(98) |
|
| Foreign |
(318) |
|
|
(294) |
|
|
(10) |
|
|
(138) |
|
|
(110) |
|
|
(32) |
|
| Total provision for income taxes |
6,916 |
|
|
3,777 |
|
|
3,325 |
|
|
| Schedule of Effective Income Tax Rate Reconciliation |
A reconciliation of the U.S. federal statutory income tax rate to the Company’s effective tax rate was as follows:
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Year Ended January 31, |
|
2022 |
|
2021 |
|
2020 |
| U.S. federal statutory rate |
21.0 |
% |
|
21.0 |
% |
|
21.0 |
% |
| Effect of: |
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|
|
|
|
| State taxes, net of U.S. federal benefit |
2.8 |
|
|
0.2 |
|
|
3.1 |
|
| Foreign taxes in excess of the U.S. rate differential |
(1.8) |
|
|
(1.1) |
|
|
(3.2) |
|
| Non-deductible expenses |
(8.7) |
|
|
(23.0) |
|
|
(6.5) |
|
| Changes in valuation allowance |
(23.9) |
|
|
(16.1) |
|
|
(22.3) |
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| Excess tax benefits related to shared based compensation |
4.8 |
|
|
10.9 |
|
|
2.2 |
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| Other |
(0.8) |
|
|
(3.0) |
|
|
(3.4) |
|
|
(6.6) |
% |
|
(11.1) |
% |
|
(9.1) |
% |
|
| Schedule of Deferred Tax Assets and Liabilities |
The components of deferred tax assets and liabilities were as follows (in thousands):
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|
January 31, |
|
2022 |
|
2021 |
|
|
|
|
| Deferred tax assets: |
|
|
|
| Net operating loss carryforward |
$ |
105,753 |
|
|
$ |
75,304 |
|
| Accrued expenses |
2,003 |
|
|
1,643 |
|
| Accrued commissions |
718 |
|
|
464 |
|
| Depreciation and amortization |
613 |
|
|
787 |
|
| Allowance for doubtful accounts |
656 |
|
|
601 |
|
| Deferred revenue |
4,821 |
|
|
7,430 |
|
| Stock-based compensation |
7,068 |
|
|
3,932 |
|
| Other |
686 |
|
|
540 |
|
| Total deferred tax assets |
$ |
122,318 |
|
|
$ |
90,701 |
|
| Less valuation allowance |
(98,093) |
|
|
(73,299) |
|
| Deferred tax assets, net of valuation allowance |
$ |
24,225 |
|
|
$ |
17,402 |
|
| Deferred tax liabilities |
|
|
|
| Depreciation and amortization |
(3,566) |
|
|
(2,496) |
|
| Capitalized commission costs |
(20,182) |
|
|
(14,801) |
|
| Other |
(287) |
|
|
(20) |
|
| Total deferred tax liabilities |
$ |
(24,035) |
|
|
$ |
(17,317) |
|
| Net deferred tax assets (liabilities) |
$ |
190 |
|
|
$ |
85 |
|
|
| Schedule of Unrecognized Tax Benefits Roll Forward |
A reconciliation of the beginning and ending balance of total gross unrecognized tax benefits for the year ended January 31, 2022 (in thousands):
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|
Year Ended January 31, |
|
2022 |
| Balance at beginning of period |
$ |
568 |
|
| Tax positions taken during a prior year: |
|
| Gross increases |
1,229 |
|
| Gross decreases |
(605) |
|
| Tax positions taken during the current year: |
|
| Gross increases |
347 |
|
| Balance at end of period |
$ |
1,539 |
|
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