Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities (Tables)

v3.23.1
Marketable Securities (Tables)
 3 Months Ended
Apr. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-For-Sale Marketable Securities
The following is a summary of available-for-sale marketable securities, excluding those securities classified within cash and cash equivalents on the condensed consolidated balance sheets:
April 30, 2023
(in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair value
Corporate bonds $ 40,423  $ 2  $ (70) $ 40,355 
Municipal bonds 12,512  —  (7) 12,505 
U.S. government and agency securities 151,657  23  (255) 151,425 
Certificates of deposit 59,430  6  (101) 59,335 
Commercial paper 154,764  2  (192) 154,574 
Marketable securities $ 418,786  $ 33  $ (625) $ 418,194 
January 31, 2023
(in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair value
Corporate bonds $ 39,922  $ 8  $ (68) $ 39,862 
Municipal bonds 12,429  22  —  12,451 
U.S. government and agency securities 128,898  6  (367) 128,537 
Certificates of deposit 59,545  28  (155) 59,419 
Commercial paper 150,131  41  (202) 149,970 
Marketable securities $ 390,925  $ 105  $ (791) $ 390,239 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following table presents estimated fair value and gross unrealized losses of debt securities in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by security category. There are no expected credit losses that have been recorded against the Company’s investment securities as of April 30, 2023 and January 31, 2023.
April 30, 2023 January 31, 2023
(in thousands) Fair Value
Gross Unrealized Losses (1)
Fair Value
Gross Unrealized Losses (1)
Corporate bonds $ 40,355  $ (70) $ 39,862  $ (68)
Municipal bonds $ 12,505  $ (7) $ —  $ — 
U.S. government and agency securities $ 151,425  $ (255) $ 128,537  $ (367)
Certificates of deposit $ 59,335  $ (101) $ 59,419  $ (155)
Commercial paper $ 154,574  $ (192) $ 149,970  $ (202)
(1) All investments above have been in a continuous unrealized loss position for less than 12 months.