| Balance Sheet Components |
Balance Sheet Components Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
July 31,
2022 |
|
January 31,
2022 |
| Prepaid hosting and data costs |
$ |
30,490 |
|
|
$ |
46,513 |
|
| Prepaid software costs |
5,366 |
|
|
5,765 |
|
| Capitalized commissions costs, current portion |
39,665 |
|
|
40,695 |
|
| Prepaid insurance |
3,882 |
|
|
2,118 |
|
| Contract assets |
3,100 |
|
|
3,161 |
|
| Other |
11,552 |
|
|
10,915 |
|
| Prepaid expenses and other current assets |
$ |
94,054 |
|
|
$ |
109,167 |
|
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
July 31,
2022 |
|
January 31,
2022 |
| Computer equipment |
$ |
15,768 |
|
|
$ |
13,544 |
|
| Office furniture and other |
1,973 |
|
|
1,256 |
|
| Leasehold improvements |
4,076 |
|
|
3,930 |
|
| Less accumulated depreciation and amortization |
(14,166) |
|
|
(12,433) |
|
| Total fixed assets, net |
7,652 |
|
|
6,297 |
|
| Capitalized internal-use software |
28,955 |
|
|
23,065 |
|
| Less accumulated amortization |
(17,148) |
|
|
(14,657) |
|
| Total capitalized internal-use software |
11,808 |
|
|
8,408 |
|
| Property and equipment, net |
$ |
19,460 |
|
|
$ |
14,705 |
|
Depreciation and amortization expense consisted of the following (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31, |
|
Six Months Ended July 31, |
|
2022 |
2021 |
|
2022 |
2021 |
| Depreciation and amortization expense |
1,677 |
|
1,005 |
|
|
3,012 |
|
1,795 |
|
| Amortization expense for capitalized internal-use software |
1,327 |
|
772 |
|
|
2,490 |
|
1,491 |
|
| Capitalized internal-used software, including stock-based compensation |
3,405 |
|
1,680 |
|
|
5,891 |
|
2,714 |
|
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
July 31,
2022 |
|
January 31,
2022 |
| Bonuses |
$ |
11,395 |
|
|
$ |
22,622 |
|
| Commissions |
9,980 |
|
|
16,496 |
|
Employee liabilities (1)
|
21,119 |
|
|
21,668 |
|
Accrued litigation settlement (2)
|
— |
|
|
12,000 |
|
Purchased media costs (3)
|
3,302 |
|
|
3,227 |
|
| Accrued sales and use tax liability |
6,608 |
|
|
6,935 |
|
| Accrued income taxes |
4,202 |
|
|
2,559 |
|
| Professional services |
736 |
|
|
1,062 |
|
| Other |
12,595 |
|
|
13,651 |
|
|
$ |
69,937 |
|
|
$ |
100,220 |
|
(1) Includes $1.6 million and $2.3 million of accrued employee contributions under the Company's 2021 Employee Stock Purchase Plan (“ESPP”) at July 31, 2022 and January 31, 2022, respectively.
(2) On February 25, 2022, the Company and Opal Labs Inc. (“Opal”) agreed to settle all outstanding claims with respect to Opal's complaints alleging breach of contract and violation of Oregon's Uniform Trade Secrets Acts, among other claims.
(3) Purchased media costs consist of amounts owed to the Company’s vendors for the purchase of advertising space on behalf of its customers.
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