| 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 |
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April 30, 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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$ |
207,800 |
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$ |
— |
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$ |
207,800 |
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US Treasury securities |
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— |
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66,554 |
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— |
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|
66,554 |
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Mutual funds, held in rabbi trust |
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24,936 |
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— |
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— |
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24,936 |
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Municipal and pre-refunded municipal bonds |
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— |
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23,415 |
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— |
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23,415 |
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Federal government agencies |
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— |
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18,685 |
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— |
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18,685 |
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Commercial paper |
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— |
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|
7,810 |
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— |
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|
7,810 |
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Certificates of deposit |
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— |
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|
249 |
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— |
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|
249 |
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$ |
24,936 |
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$ |
324,513 |
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$ |
— |
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$ |
349,449 |
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Marketable Securities Fair Value as of |
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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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$ |
— |
|
|
$ |
563,773 |
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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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Mutual funds, held in rabbi trust |
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|
22,595 |
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— |
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— |
|
|
|
22,595 |
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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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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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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 |
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|
April 30, 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 |
|
$ |
— |
|
|
$ |
386,570 |
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|
$ |
— |
|
|
$ |
386,570 |
|
US Treasury securities |
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|
— |
|
|
|
92,117 |
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|
|
— |
|
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|
92,117 |
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Mutual funds, held in rabbi trust |
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|
19,032 |
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|
|
— |
|
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|
— |
|
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|
19,032 |
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Municipal and pre-refunded municipal bonds |
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|
— |
|
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|
49,988 |
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|
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— |
|
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|
49,988 |
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Federal government agencies |
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|
— |
|
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|
84,474 |
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— |
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|
84,474 |
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Commercial paper |
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— |
|
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|
7,842 |
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— |
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|
7,842 |
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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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$ |
19,032 |
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$ |
632,490 |
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$ |
— |
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|
$ |
651,522 |
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