Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Apr. 30, 2014 | 23-May-14 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Apr-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Entity Registrant Name | 'EXA CORP | ' |
Entity Central Index Key | '0000890264 | ' |
Current Fiscal Year End Date | '--01-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 13,754,808 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Apr. 30, 2014 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $32,592 | $28,753 |
Accounts receivable | 13,862 | 27,245 |
Deferred tax assets | 256 | 2,213 |
Prepaid expenses and other current assets | 2,453 | 2,108 |
Total current assets | 49,163 | 60,319 |
Property and equipment, net | 7,043 | 7,356 |
Intangible assets, net | 2,658 | 2,745 |
Deferred tax assets | 41 | 13,306 |
Other assets | 1,168 | 1,123 |
Total assets | 60,073 | 84,849 |
Current liabilities: | ' | ' |
Accounts payable | 904 | 1,684 |
Accrued expenses | 6,432 | 10,285 |
Current portion of deferred revenue | 28,164 | 30,594 |
Current maturities of capital lease obligations | 2,082 | 2,426 |
Total current liabilities | 37,582 | 44,989 |
Deferred revenue | 14 | 273 |
Capital lease obligations | 2,184 | 2,695 |
Other long-term liabilities | 540 | 528 |
Deferred rent | 715 | 831 |
Total liabilities | 41,035 | 49,316 |
Commitments and contingencies (Note 9) | ' | ' |
Stockholders' equity: | ' | ' |
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding | ' | ' |
Common stock, $0.001 par value; 30,000,000 shares authorized; 13,778,697 and 13,388,712 shares issued, respectively; 13,746,195 and 13,356,210 shares outstanding, respectively | 14 | 13 |
Additional paid-in capital | 85,884 | 85,201 |
Accumulated deficit | -66,941 | -49,721 |
Treasury stock (32,502 common shares, at cost) | ' | ' |
Accumulated other comprehensive income | 81 | 40 |
Total stockholders' equity | 19,038 | 35,533 |
Total liabilities and stockholders' equity | $60,073 | $84,849 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Apr. 30, 2014 | Jan. 31, 2014 |
Statement Of Financial Position [Abstract] | ' | ' |
Preferred stock, par value | $0.00 | $0.00 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | ' | ' |
Preferred stock, shares outstanding | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 30,000,000 | 30,000,000 |
Common stock, shares issued | 13,778,697 | 13,388,712 |
Common stock, shares outstanding | 13,746,195 | 13,356,210 |
Treasury stock, shares | 32,502 | 32,502 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations and Statements of Comprehensive Loss (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2013 |
Revenue: | ' | ' |
License revenue | $11,660 | $10,692 |
Project revenue | 2,110 | 1,796 |
Total revenues | 13,770 | 12,488 |
Operating expenses: | ' | ' |
Cost of revenues | 4,596 | 3,671 |
Sales and marketing | 2,567 | 2,117 |
Research and development | 5,102 | 4,386 |
General and administrative | 3,122 | 2,771 |
Total operating expenses | 15,387 | 12,945 |
Loss from operations | -1,617 | -457 |
Other expense, net: | ' | ' |
Foreign exchange (loss) gain | -44 | 37 |
Interest expense | -83 | -381 |
Interest income | 4 | 4 |
Other income, net | ' | 2 |
Total other expense, net | -123 | -338 |
Loss before income taxes | -1,740 | -795 |
(Provision) benefit for income taxes | -15,480 | 254 |
Net loss | -17,220 | -541 |
Net loss per share: | ' | ' |
Basic | ($1.28) | ($0.04) |
Diluted | ($1.28) | ($0.04) |
Weighted average shares outstanding used in computing net loss per share: | ' | ' |
Basic | 13,499,919 | 13,296,098 |
Diluted | 13,499,919 | 13,296,098 |
Comprehensive loss: | ' | ' |
Net loss | -17,220 | -541 |
Foreign currency translation adjustments | 41 | -2 |
Comprehensive loss | ($17,179) | ($543) |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2013 |
Cash flows provided by operating activities: | ' | ' |
Net loss | ($17,220) | ($541) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 663 | 496 |
Stock-based compensation expense | 370 | 245 |
Deferred rent expense | -114 | -76 |
Non-cash interest | ' | 122 |
Deferred income taxes | 15,222 | -487 |
Net change in operating assets and liabilities: | ' | ' |
Accounts receivable | 13,352 | 23,706 |
Prepaid expenses and other current assets | -346 | -15 |
Other assets | -45 | -36 |
Accounts payable | -782 | -973 |
Accrued expenses | -3,742 | -2,322 |
Other liabilities | 12 | 33 |
Deferred revenue | -2,695 | -1,618 |
Net cash provided by operating activities | 4,675 | 18,534 |
Cash flows used in investing activities: | ' | ' |
Purchases of property and equipment | -366 | -336 |
Net cash used in investing activities | -366 | -336 |
Cash flows used in financing activities: | ' | ' |
Proceeds from stock option exercises | 314 | 29 |
Payments of long-term debt | ' | -331 |
Payments of capital lease obligations | -855 | -520 |
Net cash used in financing activities | -541 | -822 |
Effect of exchange rate changes on cash | 71 | -154 |
Net increase in cash and cash equivalents | 3,839 | 17,222 |
Cash and cash equivalents, beginning of period | 28,753 | 30,716 |
Cash and cash equivalents, end of period | 32,592 | 47,938 |
Supplemental cash flow disclosures: | ' | ' |
Cash paid for interest | 83 | 264 |
Cash paid for income taxes | 171 | 121 |
Supplemental disclosure of non-cash investing and financing activities: | ' | ' |
Acquisition of equipment through capital leases | ' | $43 |
Description_of_Business
Description of Business | 3 Months Ended |
Apr. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Description of Business | ' |
1. Description of Business | |
Exa Corporation (the “Company” or “Exa”), a Delaware corporation, develops, sells and supports simulation software and services that vehicle manufacturers use to enhance the performance of their products, reduce product development costs and improve the efficiency of their design and engineering processes. The Company’s solutions enable engineers and designers to augment or replace conventional methods of evaluating designs that rely on expensive and inefficient physical prototypes and test facilities with accurate digital simulations that are more useful, cost effective and timely. The Company’s simulation solutions enable customers to gain crucial insights about design performance early in the design cycle, reducing the likelihood of expensive redesigns and late-stage engineering changes, which result in cost savings and fundamental improvements in the development process. The Company is primarily focused on the ground transportation market, but is also beginning to explore the application of its capabilities in the aerospace, oil and gas production, chemical processing, architecture, engineering and construction, power generation, biomedical and electronics industries. | |
Exa has offices and sells directly in the United States and through subsidiaries in France, Germany, Italy, Japan, Korea, China, and the United Kingdom. The Company also conducts business in Sweden, India, Brazil, Russia, Canada, Finland, Spain and Australia. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 3 Months Ended |
Apr. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Summary of Significant Accounting Policies | ' |
2. Summary of Significant Accounting Policies | |
Applicable Accounting Guidance | |
Any reference in these notes to applicable accounting guidance is meant to refer to the authoritative nongovernmental United States generally accepted accounting principles (“GAAP”) as found in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”). | |
Basis of Presentation | |
The accompanying unaudited consolidated financial statements have been prepared by the Company in accordance with GAAP for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended January 31, 2014 included in the Company’s Annual Report on Form 10-K. These financial statements reflect all adjustments (consisting solely of normal, recurring adjustments) that are, in the opinion of management, necessary for a fair statement of results for the interim periods presented. | |
Use of Estimates | |
The preparation of financial statements in conformity with GAAP requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Although the Company regularly assesses these estimates, actual results could differ materially from these estimates. Changes in estimates are recorded in the period in which they become known. | |
The Company bases its estimates on historical experience and various other assumptions that it believes to be reasonable under the circumstances. Actual results could differ from management’s estimates if future events differ substantially from past experience, or other assumptions, while reasonable when made, do not turn out to be substantially accurate. | |
Recent Accounting Pronouncements | |
In July 2013, the FASB issued ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (ASU 2013-11). ASU 2013-11 clarifies guidance and eliminates diversity in practice on the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. This new guidance is effective for the Company in the first quarter of fiscal year 2015. The Company adopted ASU 2013-11 on February 1, 2014. This adoption did not have a material impact on the Company’s consolidated financial statements. |
Computation_of_Net_Loss_Per_Sh
Computation of Net Loss Per Share | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Computation of Net Loss Per Share | ' | ||||||||
3. Computation of Net Loss Per Share | |||||||||
Net loss per share has been computed using the weighted average number of shares of common stock outstanding during each period. Diluted amounts per share include the impact of the Company’s outstanding potential common shares, such as shares issuable upon exercise of in-the-money stock options or warrants, when dilutive. Potential common shares that are anti-dilutive are excluded from the calculation of diluted net loss per common share. | |||||||||
The following summarizes the calculation of basic and diluted net loss per share: | |||||||||
Three Months Ended April 30, | |||||||||
2014 | 2013 | ||||||||
Numerator: | |||||||||
Net loss | $ | (17,220 | ) | $ | (541 | ) | |||
Denominator: | |||||||||
Weighted average common shares, basic and diluted | 13,499,919 | 13,296,098 | |||||||
Basic net loss per share | $ | (1.28 | ) | $ | (0.04 | ) | |||
Diluted net loss per share | $ | (1.28 | ) | $ | (0.04 | ) | |||
The following outstanding options, restricted stock unit awards and warrants were excluded from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect: | |||||||||
Three Months Ended April 30, | |||||||||
2014 | 2013 | ||||||||
Options, restricted stock unit awards and warrants to purchase common and preferred stock | 2,203,645 | 2,316,328 |
Property_and_Equipment_Net
Property and Equipment, Net | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Property and Equipment, Net | ' | ||||||||
4. Property and Equipment, net | |||||||||
Property and equipment, net consists of the following as of April 30, 2014 and January 31, 2014: | |||||||||
April 30, | January 31, | ||||||||
2014 | 2014 | ||||||||
Computer software and equipment | $ | 18,898 | $ | 18,635 | |||||
Office equipment and furniture | 462 | 444 | |||||||
Leasehold improvements | 2,627 | 2,627 | |||||||
Total property and equipment | 21,987 | 21,706 | |||||||
Less: accumulated depreciation | (14,944 | ) | (14,350 | ) | |||||
Property and equipment, net | $ | 7,043 | $ | 7,356 | |||||
Depreciation expense was $576 and $408 for the three months ended April 30, 2014 and 2013, respectively. Included in computer software and equipment and office equipment and furniture is equipment held pursuant to capital leases with costs of $16,820 and $16,802 and accumulated amortization of $11,413 and $10,997 as of April 30, 2014 and January 31, 2014, respectively. |
Accrued_Expenses
Accrued Expenses | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
Payables And Accruals [Abstract] | ' | ||||||||
Accrued Expenses | ' | ||||||||
5. Accrued Expenses | |||||||||
Accrued expenses consist of the following: | |||||||||
April 30, | January 31, | ||||||||
2014 | 2014 | ||||||||
Accrued payroll | $ | 2,049 | $ | 1,603 | |||||
Sales and withholding taxes | 1,091 | 3,158 | |||||||
Accrued commissions and bonuses | 869 | 2,456 | |||||||
Accrued income taxes payable | 654 | 571 | |||||||
Deferred rent, current portion | 604 | 602 | |||||||
Legal and professional | 418 | 489 | |||||||
Other accrued expenses | 747 | 1,406 | |||||||
Total accrued expenses | $ | 6,432 | $ | 10,285 | |||||
Deferred_Rent
Deferred Rent | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
Text Block [Abstract] | ' | ||||||||
Deferred Rent | ' | ||||||||
6. Deferred Rent | |||||||||
In connection with its corporate headquarters lease entered into in July 2008, the Company received a tenant improvement allowance of $1,958 from the landlord. This lease incentive was recorded as leasehold improvements and deferred rent and is being amortized as part of rent expense on a straight-line basis over the life of the lease. The Company’s subsidiary Euroxa S.a.r.l. entered into a new office lease in Paris, France in May 2012 with a landlord incentive totaling $148, equivalent to four months free rent, which is also being amortized as rent expense on a straight line basis over the life of the lease. In addition, the Company’s facility leases typically contain other than straight-line payment features. The difference between the straight-line rent expense of the lease and the cash payments is recorded as deferred rent. Deferred rent as of April 30, 2014 and January 31, 2014 is as follows: | |||||||||
April 30, | January 31, | ||||||||
2014 | 2014 | ||||||||
Leasehold improvement incentive | $ | 506 | $ | 572 | |||||
Non-cash rent expense | 813 | 861 | |||||||
Total deferred rent | 1,319 | 1,433 | |||||||
Less: current portion included in accrued expenses | (604 | ) | (602 | ) | |||||
Deferred rent, net of current portion | $ | 715 | $ | 831 | |||||
Fair_Value_Measurements
Fair Value Measurements | 3 Months Ended | ||||||||||||||||
Apr. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
7. Fair Value Measurements | |||||||||||||||||
Financial instruments consist primarily of cash and cash equivalents, accounts receivable and capital lease obligations. As of April 30, 2014 and January 31, 2014, the carrying amounts of these instruments approximate their fair values. The estimated fair values have been determined from information obtained from market sources and management estimates. | |||||||||||||||||
In determining the fair value of its financial assets and liabilities, the Company uses various valuation approaches. ASC 820, Fair Value Measurements and Disclosures, establishes a hierarchy of inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the inputs that market participants would use in pricing the asset or liability, and are developed based on the best information available in the circumstances. The fair value hierarchy is broken down into three levels based on the source of inputs as follows: | |||||||||||||||||
Level 1 – Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. | |||||||||||||||||
Level 2 – Valuations based on quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active and models for which all significant inputs are observable, either directly or indirectly. | |||||||||||||||||
Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement and that are based on management’s best estimate of inputs market participants would use for pricing the asset or liability at the measurement date, including assumptions about risk. | |||||||||||||||||
The following table summarizes the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value as of April 30, 2014: | |||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: | |||||||||||||||||
Money market funds | $ | 20,009 | $ | 20,009 | $ | — | $ | — | |||||||||
The following table summarizes the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value as of January 31, 2014: | |||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: | |||||||||||||||||
Money market funds | $ | 15,008 | $ | 15,008 | $ | — | $ | — | |||||||||
The availability of observable inputs can vary among the various types of financial assets and liabilities. To the extent that the valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for financial statement disclosure purposes, the level in the fair value hierarchy within which the fair value measurement is categorized is based on the lowest level input that is significant to the overall fair value measurement. |
Acquired_Intangible_Assets
Acquired Intangible Assets | 3 Months Ended | ||||||||||||
Apr. 30, 2014 | |||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||
Acquired Intangible Assets | ' | ||||||||||||
8. Acquired Intangible Assets | |||||||||||||
Intangible assets acquired in a business combination are recorded under the purchase method of accounting at their estimated fair values at the date of acquisition. The Company amortizes acquired intangible assets over their estimated useful lives. | |||||||||||||
The following table reflects the carrying value of intangible assets as of April 30, 2014: | |||||||||||||
April 30, 2014 | |||||||||||||
Cost | Accumulated | Net Book | |||||||||||
Amortization | Value | ||||||||||||
Intellectual property | $ | 3,505 | $ | (847 | ) | $ | 2,658 | ||||||
Access to facilities contract | 38 | (38 | ) | — | |||||||||
Total | $ | 3,543 | $ | (885 | ) | $ | 2,658 | ||||||
The following table reflects the carrying value of intangible assets as of January 31, 2014: | |||||||||||||
January 31, 2014 | |||||||||||||
Cost | Accumulated | Net Book | |||||||||||
Amortization | Value | ||||||||||||
Intellectual property | $ | 3,505 | $ | (760 | ) | $ | 2,745 | ||||||
Access to facilities contract | 38 | (38 | ) | — | |||||||||
Total | $ | 3,543 | $ | (798 | ) | $ | 2,745 | ||||||
Amortization expense of intangible assets was $87 and $88 for the three months ended April 30, 2014 and 2013, respectively. |
Commitments_and_Contingencies
Commitments and Contingencies | 3 Months Ended |
Apr. 30, 2014 | |
Commitments And Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
9. Commitments and Contingencies | |
Legal Contingencies | |
From time to time the Company is involved in legal proceedings arising in the ordinary course of business. There is no litigation pending that could, individually or in the aggregate, have a material adverse effect on the Company’s financial position, results of operations, or cash flows. | |
In 2011, the Company was notified by the Massachusetts Institute of Technology, or MIT, that MIT believes that Exa is utilizing the intellectual property covered by a license agreement between the Company and MIT, and therefore is in arrears in the payment of royalties under the agreement. The Company has advised MIT that it does not believe that the Company utilized the underlying technology at any time since at least 1998, or that any royalties are owed under the agreement. MIT has not commenced suit against the Company with respect to its claims, and if any such suit is commenced by MIT, the Company intends to defend it vigorously. The Company believes that if MIT were to prevail in any such litigation, the royalties due under the terms of the license agreement, after giving effect to the approximately $200 in minimum royalties that the Company has already paid, would not exceed approximately $2,600 (excluding any interest or costs of litigation). The Company is not able to determine whether a loss is probable or estimate the reasonably possible or probable amount of such loss. | |
Guarantees and Indemnification Obligations | |
The Company enters into standard indemnification agreements in the ordinary course of business. Pursuant to these agreements, the Company indemnifies, holds harmless, and agrees to reimburse the indemnified party for losses suffered or incurred by the indemnified party, generally the Company’s business partners or customers, in connection with any United States patent, or any copyright or other intellectual property infringement claim by any third party with respect to the Company’s products. The term of these indemnification provisions is generally perpetual after execution of the agreement. The maximum potential amount of future payments the Company could be required to make under these agreements is unlimited. | |
Based on historical experience and information known as of April 30, 2014 and January 31, 2014, the Company has not recorded any liabilities for the above guarantees and indemnities. |
Stock_Based_Compensation
Stock Based Compensation | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||
Stock Based Compensation | ' | ||||||||
10. Stock Based Compensation | |||||||||
The fair value of common stock options for employees and non-employees is estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions used: | |||||||||
Three Months Ended April 30, | |||||||||
2014 | 2013 | ||||||||
Estimated dividend yield | 0 | % | 0 | % | |||||
Expected stock price volatility | 49.8 | % | 50.3 | % | |||||
Weighted-average risk-free interest rate | 2.2 | % | 1.3 | % | |||||
Expected life of options (in years) | 6.25 | 6.25 | |||||||
The weighted average grant date fair value per share for stock options granted in the three months ended April 30, 2014 was $7.54. | |||||||||
Total stock-based compensation expense related to stock options and restricted stock units issued by the Company is as follows: | |||||||||
Three Months Ended April 30, | |||||||||
2014 | 2013 | ||||||||
Cost of revenues | $ | 38 | $ | 31 | |||||
Sales and marketing | 75 | 50 | |||||||
Research and development | 156 | 77 | |||||||
General and administrative | 101 | 87 | |||||||
Total | $ | 370 | $ | 245 | |||||
The total unrecognized compensation cost related to outstanding stock options is $3,840 at April 30, 2014. This amount is expected to be recognized over a weighted-average period of 2.84 years. |
Income_Taxes
Income Taxes | 3 Months Ended |
Apr. 30, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
11. Income Taxes | |
For the three months ended April 30, 2014, the Company’s income tax provision was $15.5 million which includes a $14.5 million non-cash charge to record a valuation allowance against its United States net deferred tax assets and a $0.7 million non-cash write-off of state deferred tax assets (discussed further below). Through the three months ended April 30, 2014, the Company’s results reflected a three-year cumulative loss position in the United States; prior thereto, the Company’s historical results reflected a three-year cumulative profit. Reflecting management’s plans to continue investing in the business for future growth, management’s projections reflect the Company continuing in a three-year cumulative loss position through fiscal year 2015. This historical and projected cumulative loss position caused management to modify its assessment of its deferred tax assets, concluding that it no longer was more likely than not that these deferred tax assets would be realized and thus, a valuation allowance was necessary against the full amount of its United States net deferred tax assets. | |
Management will reassess the realization of the deferred tax assets each reporting period. To the extent that the financial results of the Company’s United States operations improve and the deferred tax asset becomes realizable, the Company will reduce the valuation allowance through earnings. | |
Under Section 382 of the Internal Revenue Code of 1986, as amended, substantial changes in the Company’s ownership may limit the amount of net operating loss carryforwards that can be utilized annually in the future to offset its United States federal taxable income. Specifically, this limitation may arise in the event of a cumulative change in ownership of the Company of more than 50% within a three-year period. During the first quarter of fiscal year 2015, management determined that the Company had experienced an ownership change for purposes of Section 382. This ownership change resulted in annual limitations to the amount of net operating loss carryforwards that can be utilized to offset future taxable income, if any, at the federal level. The annual limit is approximately $14.0 million for fiscal year 2015, $16.8 million for each of fiscal years 2016 through 2019, $8.1 million for fiscal year 2020 and $6.4 million for each fiscal year thereafter. The ownership change also resulted in the loss of the Company’s ability to utilize $0.7 million of its $0.8 million of state net operating loss carryforwards, credits and other state attributes, which resulted in a write-off of the $0.7 million of state deferred tax assets during the first quarter of fiscal year 2015. | |
The Company does not expect that its unrecognized tax benefit will change significantly within the next twelve months. The Company and one or more of its subsidiaries file United States federal income tax returns and tax returns in various state and foreign jurisdictions. With limited exceptions, the Company is no longer subject to federal, state, local or foreign examinations for years prior to January 31, 2011. However, carryforward attributes that were generated prior to January 31, 2011 may still be adjusted upon examination by state or local tax authorities if they either have been or will be used in a future period. |
Geographic_Information
Geographic Information | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
Segment Reporting [Abstract] | ' | ||||||||
Geographic Information | ' | ||||||||
12. Geographic Information | |||||||||
Revenue is attributed to individual countries based upon location of the external customer. Revenue by geographic area is as follows: | |||||||||
Three Months Ended April 30, | |||||||||
2014 | 2013 | ||||||||
United States | $ | 2,873 | $ | 2,692 | |||||
Germany | 2,691 | 2,215 | |||||||
Japan | 2,371 | 2,025 | |||||||
France | 1,984 | 2,244 | |||||||
Korea | 1,236 | 1,086 | |||||||
United Kingdom | 1,123 | 1,089 | |||||||
Sweden | 694 | 648 | |||||||
Other | 798 | 489 | |||||||
Total | $ | 13,770 | $ | 12,488 | |||||
Net long-lived assets, consisting of net property and equipment, are subject to geographic risks because they are generally difficult to move and to effectively utilize in another geographic area in a reasonable time period and because they are relatively illiquid. | |||||||||
Net long-lived assets by principal geographic areas were as follows: | |||||||||
April 30, | January 31, | ||||||||
2014 | 2014 | ||||||||
United States | $ | 5,754 | $ | 6,098 | |||||
France | 816 | 849 | |||||||
Germany | 207 | 117 | |||||||
Japan | 175 | 201 | |||||||
Other | 91 | 91 | |||||||
Total property and equipment, net | $ | 7,043 | $ | 7,356 | |||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Apr. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Applicable Accounting Guidance | ' |
Applicable Accounting Guidance | |
Any reference in these notes to applicable accounting guidance is meant to refer to the authoritative nongovernmental United States generally accepted accounting principles (“GAAP”) as found in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”). | |
Basis of Presentation | ' |
Basis of Presentation | |
The accompanying unaudited consolidated financial statements have been prepared by the Company in accordance with GAAP for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended January 31, 2014 included in the Company’s Annual Report on Form 10-K. These financial statements reflect all adjustments (consisting solely of normal, recurring adjustments) that are, in the opinion of management, necessary for a fair statement of results for the interim periods presented. | |
Use of Estimates | ' |
Use of Estimates | |
The preparation of financial statements in conformity with GAAP requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Although the Company regularly assesses these estimates, actual results could differ materially from these estimates. Changes in estimates are recorded in the period in which they become known. | |
The Company bases its estimates on historical experience and various other assumptions that it believes to be reasonable under the circumstances. Actual results could differ from management’s estimates if future events differ substantially from past experience, or other assumptions, while reasonable when made, do not turn out to be substantially accurate. | |
Recent Accounting Pronouncements | ' |
Recent Accounting Pronouncements | |
In July 2013, the FASB issued ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (ASU 2013-11). ASU 2013-11 clarifies guidance and eliminates diversity in practice on the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. This new guidance is effective for the Company in the first quarter of fiscal year 2015. The Company adopted ASU 2013-11 on February 1, 2014. This adoption did not have a material impact on the Company’s consolidated financial statements. |
Computation_of_Net_Loss_Per_Sh1
Computation of Net Loss Per Share (Tables) | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Calculation of Basic and Diluted Net Loss Per Share | ' | ||||||||
The following summarizes the calculation of basic and diluted net loss per share: | |||||||||
Three Months Ended April 30, | |||||||||
2014 | 2013 | ||||||||
Numerator: | |||||||||
Net loss | $ | (17,220 | ) | $ | (541 | ) | |||
Denominator: | |||||||||
Weighted average common shares, basic and diluted | 13,499,919 | 13,296,098 | |||||||
Basic net loss per share | $ | (1.28 | ) | $ | (0.04 | ) | |||
Diluted net loss per share | $ | (1.28 | ) | $ | (0.04 | ) | |||
Outstanding Options, Restricted Stock Unit Awards and Warrants Excluded from Computation of Diluted Net Loss Per Share | ' | ||||||||
The following outstanding options, restricted stock unit awards and warrants were excluded from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect: | |||||||||
Three Months Ended April 30, | |||||||||
2014 | 2013 | ||||||||
Options, restricted stock unit awards and warrants to purchase common and preferred stock | 2,203,645 | 2,316,328 |
Property_and_Equipment_Net_Tab
Property and Equipment, Net (Tables) | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Schedule of Property and Equipment | ' | ||||||||
Property and equipment, net consists of the following as of April 30, 2014 and January 31, 2014: | |||||||||
April 30, | January 31, | ||||||||
2014 | 2014 | ||||||||
Computer software and equipment | $ | 18,898 | $ | 18,635 | |||||
Office equipment and furniture | 462 | 444 | |||||||
Leasehold improvements | 2,627 | 2,627 | |||||||
Total property and equipment | 21,987 | 21,706 | |||||||
Less: accumulated depreciation | (14,944 | ) | (14,350 | ) | |||||
Property and equipment, net | $ | 7,043 | $ | 7,356 | |||||
Accrued_Expenses_Tables
Accrued Expenses (Tables) | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
Payables And Accruals [Abstract] | ' | ||||||||
Accrued Expenses | ' | ||||||||
Accrued expenses consist of the following: | |||||||||
April 30, | January 31, | ||||||||
2014 | 2014 | ||||||||
Accrued payroll | $ | 2,049 | $ | 1,603 | |||||
Sales and withholding taxes | 1,091 | 3,158 | |||||||
Accrued commissions and bonuses | 869 | 2,456 | |||||||
Accrued income taxes payable | 654 | 571 | |||||||
Deferred rent, current portion | 604 | 602 | |||||||
Legal and professional | 418 | 489 | |||||||
Other accrued expenses | 747 | 1,406 | |||||||
Total accrued expenses | $ | 6,432 | $ | 10,285 | |||||
Deferred_Rent_Tables
Deferred Rent (Tables) | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
Text Block [Abstract] | ' | ||||||||
Deferred Rent | ' | ||||||||
Deferred rent as of April 30, 2014 and January 31, 2014 is as follows: | |||||||||
April 30, | January 31, | ||||||||
2014 | 2014 | ||||||||
Leasehold improvement incentive | $ | 506 | $ | 572 | |||||
Non-cash rent expense | 813 | 861 | |||||||
Total deferred rent | 1,319 | 1,433 | |||||||
Less: current portion included in accrued expenses | (604 | ) | (602 | ) | |||||
Deferred rent, net of current portion | $ | 715 | $ | 831 | |||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 3 Months Ended | ||||||||||||||||
Apr. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Hierarchy for Financial Assets and Liabilities Measured at Fair Value | ' | ||||||||||||||||
The following table summarizes the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value as of April 30, 2014: | |||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: | |||||||||||||||||
Money market funds | $ | 20,009 | $ | 20,009 | $ | — | $ | — | |||||||||
The following table summarizes the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value as of January 31, 2014: | |||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: | |||||||||||||||||
Money market funds | $ | 15,008 | $ | 15,008 | $ | — | $ | — |
Acquired_Intangible_Assets_Tab
Acquired Intangible Assets (Tables) | 3 Months Ended | ||||||||||||
Apr. 30, 2014 | |||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||
Carrying Value of Intangible Assets | ' | ||||||||||||
The following table reflects the carrying value of intangible assets as of April 30, 2014: | |||||||||||||
April 30, 2014 | |||||||||||||
Cost | Accumulated | Net Book | |||||||||||
Amortization | Value | ||||||||||||
Intellectual property | $ | 3,505 | $ | (847 | ) | $ | 2,658 | ||||||
Access to facilities contract | 38 | (38 | ) | — | |||||||||
Total | $ | 3,543 | $ | (885 | ) | $ | 2,658 | ||||||
The following table reflects the carrying value of intangible assets as of January 31, 2014: | |||||||||||||
January 31, 2014 | |||||||||||||
Cost | Accumulated | Net Book | |||||||||||
Amortization | Value | ||||||||||||
Intellectual property | $ | 3,505 | $ | (760 | ) | $ | 2,745 | ||||||
Access to facilities contract | 38 | (38 | ) | — | |||||||||
Total | $ | 3,543 | $ | (798 | ) | $ | 2,745 | ||||||
Stock_Based_Compensation_Table
Stock Based Compensation (Tables) | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||
Assumptions Used to Calculate Fair Value of Common Stock Options for Employees and Non-Employees | ' | ||||||||
The fair value of common stock options for employees and non-employees is estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions used: | |||||||||
Three Months Ended April 30, | |||||||||
2014 | 2013 | ||||||||
Estimated dividend yield | 0 | % | 0 | % | |||||
Expected stock price volatility | 49.8 | % | 50.3 | % | |||||
Weighted-average risk-free interest rate | 2.2 | % | 1.3 | % | |||||
Expected life of options (in years) | 6.25 | 6.25 | |||||||
Stock-Based Compensation Expense Related to Stock Options Issued and Restricted Stock Units by the Company | ' | ||||||||
Total stock-based compensation expense related to stock options and restricted stock units issued by the Company is as follows: | |||||||||
Three Months Ended April 30, | |||||||||
2014 | 2013 | ||||||||
Cost of revenues | $ | 38 | $ | 31 | |||||
Sales and marketing | 75 | 50 | |||||||
Research and development | 156 | 77 | |||||||
General and administrative | 101 | 87 | |||||||
Total | $ | 370 | $ | 245 | |||||
Geographic_Information_Tables
Geographic Information (Tables) | 3 Months Ended | ||||||||
Apr. 30, 2014 | |||||||||
Segment Reporting [Abstract] | ' | ||||||||
Revenue by Geographic Area | ' | ||||||||
Revenue is attributed to individual countries based upon location of the external customer. Revenue by geographic area is as follows: | |||||||||
Three Months Ended April 30, | |||||||||
2014 | 2013 | ||||||||
United States | $ | 2,873 | $ | 2,692 | |||||
Germany | 2,691 | 2,215 | |||||||
Japan | 2,371 | 2,025 | |||||||
France | 1,984 | 2,244 | |||||||
Korea | 1,236 | 1,086 | |||||||
United Kingdom | 1,123 | 1,089 | |||||||
Sweden | 694 | 648 | |||||||
Other | 798 | 489 | |||||||
Total | $ | 13,770 | $ | 12,488 | |||||
Net Long-Lived Assets by Principal Geographic Areas | ' | ||||||||
Net long-lived assets by principal geographic areas were as follows: | |||||||||
April 30, | January 31, | ||||||||
2014 | 2014 | ||||||||
United States | $ | 5,754 | $ | 6,098 | |||||
France | 816 | 849 | |||||||
Germany | 207 | 117 | |||||||
Japan | 175 | 201 | |||||||
Other | 91 | 91 | |||||||
Total property and equipment, net | $ | 7,043 | $ | 7,356 | |||||
Computation_of_Net_Loss_Per_Sh2
Computation of Net Loss Per Share - Calculation of Basic and Diluted Net Loss Per Share (Detail) (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2013 |
Numerator: | ' | ' |
Net loss | ($17,220) | ($541) |
Denominator: | ' | ' |
Weighted average common shares, basic and diluted | 13,499,919 | 13,296,098 |
Basic net loss per share | ($1.28) | ($0.04) |
Diluted net loss per share | ($1.28) | ($0.04) |
Computation_of_Net_Loss_Per_Sh3
Computation of Net Loss Per Share - Outstanding Options, Restricted Stock Unit Awards and Warrants Excluded from Computation of Diluted Net Loss Per Share (Detail) | 3 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | |
Earnings Per Share [Abstract] | ' | ' |
Options, restricted stock unit awards and warrants to purchase common and preferred stock | 2,203,645 | 2,316,328 |
Property_and_Equipment_Net_Sch
Property and Equipment, Net - Schedule of Property and Equipment (Detail) (USD $) | Apr. 30, 2014 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | $21,987 | $21,706 |
Less: accumulated depreciation | -14,944 | -14,350 |
Property and equipment, net | 7,043 | 7,356 |
Computer Software and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | 18,898 | 18,635 |
Office Equipment and Furniture [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | 462 | 444 |
Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | $2,627 | $2,627 |
Property_and_Equipment_Net_Add
Property and Equipment, Net - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2013 | Jan. 31, 2014 |
Property Plant And Equipment [Abstract] | ' | ' | ' |
Depreciation expense | $576 | $408 | ' |
Cost of equipment held pursuant to capital leases | 16,820 | ' | 16,802 |
Accumulated amortization | $11,413 | ' | $10,997 |
Accrued_Expenses_Accrued_Expen
Accrued Expenses - Accrued Expenses (Detail) (USD $) | Apr. 30, 2014 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Payables And Accruals [Abstract] | ' | ' |
Accrued payroll | $2,049 | $1,603 |
Sales and withholding taxes | 1,091 | 3,158 |
Accrued commissions and bonuses | 869 | 2,456 |
Accrued income taxes payable | 654 | 571 |
Deferred rent, current portion | 604 | 602 |
Legal and professional | 418 | 489 |
Other accrued expenses | 747 | 1,406 |
Total accrued expenses | $6,432 | $10,285 |
Deferred_Rent_Additional_Infor
Deferred Rent - Additional Information (Detail) (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Apr. 30, 2014 |
Deferred Revenue Disclosure [Abstract] | ' |
Tenant improvement allowance | $1,958 |
Total incentive | $148 |
Amortization of lease incentive period | '4 months |
Deferred_Rent_Deferred_Rent_De
Deferred Rent - Deferred Rent (Detail) (USD $) | Apr. 30, 2014 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Deferred Revenue Disclosure [Abstract] | ' | ' |
Leasehold improvement incentive | $506 | $572 |
Non-cash rent expense | 813 | 861 |
Total deferred rent | 1,319 | 1,433 |
Less: current portion included in accrued expenses | -604 | -602 |
Deferred rent, net of current portion | $715 | $831 |
Fair_Value_Measurements_Fair_V
Fair Value Measurements - Fair Value Hierarchy for Financial Assets and Liabilities Measured at Fair Value (Detail) (USD $) | Apr. 30, 2014 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Assets: | ' | ' |
Money market funds | $20,009 | $15,008 |
Level 1 [Member] | ' | ' |
Assets: | ' | ' |
Money market funds | 20,009 | 15,008 |
Level 2 [Member] | ' | ' |
Assets: | ' | ' |
Money market funds | ' | ' |
Level 3 [Member] | ' | ' |
Assets: | ' | ' |
Money market funds | ' | ' |
Acquired_Intangible_Assets_Car
Acquired Intangible Assets - Carrying Value of Intangible Assets (Detail) (USD $) | Apr. 30, 2014 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | $3,543 | $3,543 |
Accumulated Amortization | -885 | -798 |
Net Book Value | 2,658 | 2,745 |
Intellectual Property [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | 3,505 | 3,505 |
Accumulated Amortization | -847 | -760 |
Net Book Value | 2,658 | 2,745 |
Access to Facilities Contract [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | 38 | 38 |
Accumulated Amortization | -38 | -38 |
Net Book Value | ' | ' |
Acquired_Intangible_Assets_Add
Acquired Intangible Assets - Additional Information (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2013 |
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ' |
Intangible assets amortization expense | $87 | $88 |
Commitments_and_Contingencies_
Commitments and Contingencies - Additional Information (Detail) (USD $) | Apr. 30, 2014 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Contingencies And Commitments [Line Items] | ' | ' |
Royalties expenses already paid | $200 | ' |
Contingent liability | 0 | ' |
Recorded liabilities for guarantees and indemnities | 0 | 0 |
Minimum [Member] | ' | ' |
Contingencies And Commitments [Line Items] | ' | ' |
Royalties due | 0 | ' |
Maximum [Member] | ' | ' |
Contingencies And Commitments [Line Items] | ' | ' |
Royalties due | $2,600 | ' |
Stock_Based_Compensation_Assum
Stock Based Compensation - Assumptions Used to Calculate Fair Value of Common Stock Options for Employees and Non-Employees (Detail) | 3 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' |
Estimated dividend yield | 0.00% | 0.00% |
Expected stock price volatility | 49.80% | 50.30% |
Weighted-average risk-free interest rate | 2.20% | 1.30% |
Expected life of options (in years) | '6 years 3 months | '6 years 3 months |
Stock_Based_Compensation_Addit
Stock Based Compensation - Additional Information (Detail) (USD $) | 3 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Apr. 30, 2014 |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' |
Weighted average grant date per share for stock options | $7.54 |
Total unrecognized compensation cost | $3,840 |
Weighted-average period | '2 years 10 months 2 days |
Stock_Based_Compensation_Stock
Stock Based Compensation - Stock-Based Compensation Expense Related to Stock Options and Restricted Stock Units Issued by the Company (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2013 |
Stock Based Compensation [Line Items] | ' | ' |
Stock-based compensation expense | $370 | $245 |
Cost of Revenues [Member] | ' | ' |
Stock Based Compensation [Line Items] | ' | ' |
Stock-based compensation expense | 38 | 31 |
Sales and Marketing [Member] | ' | ' |
Stock Based Compensation [Line Items] | ' | ' |
Stock-based compensation expense | 75 | 50 |
Research and Development [Member] | ' | ' |
Stock Based Compensation [Line Items] | ' | ' |
Stock-based compensation expense | 156 | 77 |
General and Administrative [Member] | ' | ' |
Stock Based Compensation [Line Items] | ' | ' |
Stock-based compensation expense | $101 | $87 |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 3 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | |
Income Tax Disclosure [Line Items] | ' | ' |
(Provision) benefit for income taxes | $15,480,000 | ($254,000) |
Non-cash charged to valuation allowance | 14,500,000 | ' |
Threshold percentage for change in ownership | 50.00% | ' |
Period of change in ownership | '3 years | ' |
Operating loss carryforwards, 2015 | 14,000,000 | ' |
Operating loss carryforwards, 2016 | 16,800,000 | ' |
Operating loss carryforwards, 2017 | 16,800,000 | ' |
Operating loss carryforwards, 2018 | 16,800,000 | ' |
Operating loss carryforwards, 2019 | 16,800,000 | ' |
Operating loss carryforwards, 2020 | 8,100,000 | ' |
Operating loss carryforwards, thereafter | 6,400,000 | ' |
Deferred tax assets written off | 700,000 | ' |
State net operating loss carryforwards | 800,000 | ' |
Income tax examination, description | 'With limited exceptions, the Company is no longer subject to federal, state, local or foreign examinations for years prior to January 31, 2011. However, carryforward attributes that were generated prior to January 31, 2011 may still be adjusted upon examination by state or local tax authorities if they either have been or will be used in a future period. | ' |
First Quarter of Fiscal Year 2015 [Member] | State [Member] | ' | ' |
Income Tax Disclosure [Line Items] | ' | ' |
Deferred tax assets written off | $700,000 | ' |
Geographic_Information_Revenue
Geographic Information - Revenue by Geographic Area (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2013 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Revenue | $13,770 | $12,488 |
United States [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Revenue | 2,873 | 2,692 |
Germany [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Revenue | 2,691 | 2,215 |
Japan [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Revenue | 2,371 | 2,025 |
France [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Revenue | 1,984 | 2,244 |
Korea [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Revenue | 1,236 | 1,086 |
United Kingdom [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Revenue | 1,123 | 1,089 |
Sweden [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Revenue | 694 | 648 |
Other [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Revenue | $798 | $489 |
Geographic_Information_Net_Lon
Geographic Information - Net Long-Lived Assets by Principal Geographic Areas (Detail) (USD $) | Apr. 30, 2014 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Property and equipment, net | $7,043 | $7,356 |
United States [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Property and equipment, net | 5,754 | 6,098 |
France [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Property and equipment, net | 816 | 849 |
Germany [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Property and equipment, net | 207 | 117 |
Japan [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Property and equipment, net | 175 | 201 |
Other [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Property and equipment, net | $91 | $91 |