| Financial Assets Measured at Fair Value on Recurring Basis |
The Company’s financial assets that are accounted for at fair value on a recurring basis are presented in the tables below:
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Marketable Securities Fair Value as of
January 31, 2026 |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Assets: |
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Corporate bonds |
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$ |
— |
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$ |
563,773 |
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$ |
— |
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$ |
563,773 |
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US Treasury securities |
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— |
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119,832 |
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— |
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119,832 |
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Federal government agencies |
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— |
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41,162 |
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— |
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41,162 |
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Municipal and pre-refunded municipal bonds |
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— |
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31,396 |
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— |
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31,396 |
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Mutual funds, held in rabbi trust |
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22,595 |
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— |
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— |
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22,595 |
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Commercial paper |
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— |
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8,824 |
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— |
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8,824 |
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Certificates of deposit |
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— |
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1,000 |
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— |
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1,000 |
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$ |
22,595 |
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$ |
765,987 |
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$ |
— |
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$ |
788,582 |
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Marketable Securities Fair Value as of
January 31, 2025 |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Assets: |
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Corporate bonds |
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$ |
— |
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$ |
419,937 |
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$ |
— |
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$ |
419,937 |
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US Treasury securities |
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— |
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98,398 |
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— |
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98,398 |
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Federal government agencies |
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— |
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104,014 |
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— |
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104,014 |
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Municipal and pre-refunded municipal bonds |
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— |
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68,631 |
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— |
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68,631 |
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Mutual funds, held in rabbi trust |
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17,904 |
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— |
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— |
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17,904 |
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Commercial paper |
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— |
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9,774 |
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— |
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9,774 |
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Certificates of deposit |
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— |
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11,499 |
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— |
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11,499 |
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$ |
17,904 |
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$ |
712,253 |
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$ |
— |
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$ |
730,157 |
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