Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jul. 31, 2015 | Aug. 28, 2015 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jul. 31, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | EXA | |
Entity Registrant Name | EXA CORP | |
Entity Central Index Key | 890,264 | |
Current Fiscal Year End Date | --01-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 14,604,254 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Jul. 31, 2015 | Jan. 31, 2015 |
Current assets: | ||
Cash and cash equivalents | $ 30,406 | $ 21,785 |
Accounts receivable | 6,303 | 27,462 |
Prepaid expenses and other current assets | 3,375 | 3,098 |
Total current assets | 40,084 | 52,345 |
Property and equipment, net | 6,208 | 6,961 |
Intangible assets, net | 2,220 | 2,395 |
Deferred tax assets | 261 | 260 |
Other assets | 1,024 | 1,092 |
Total assets | 49,797 | 63,053 |
Current liabilities: | ||
Accounts payable | 1,731 | 1,620 |
Accrued expenses | 6,345 | 10,585 |
Current portion of deferred revenue | 19,575 | 26,863 |
Current portion of capital lease obligations | 1,824 | 2,390 |
Total current liabilities | 29,475 | 41,458 |
Deferred revenue | 25 | 38 |
Capital lease obligations | 862 | 1,602 |
Deferred rent | 871 | 472 |
Other long-term liabilities | 498 | 592 |
Total liabilities | $ 31,731 | $ 44,162 |
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; 14,636,756 and 13,874,744 shares issued, respectively; 14,604,254 and 13,842,242 shares outstanding, respectively | $ 15 | $ 14 |
Additional paid-in capital | 90,410 | 88,181 |
Accumulated deficit | (71,961) | (68,878) |
Treasury stock (32,502 common shares, at cost) | 0 | 0 |
Accumulated other comprehensive loss | (398) | (426) |
Total stockholders' equity | 18,066 | 18,891 |
Total liabilities and stockholders' equity | $ 49,797 | $ 63,053 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Jul. 31, 2015 | Jan. 31, 2015 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 30,000,000 | 30,000,000 |
Common stock, shares issued | 14,636,756 | 13,874,744 |
Common stock, shares outstanding | 14,604,254 | 13,842,242 |
Treasury stock, shares | 32,502 | 32,502 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2015 | Jul. 31, 2014 | Jul. 31, 2015 | Jul. 31, 2014 | |
Revenue: | ||||
License revenue | $ 12,977 | $ 12,316 | $ 25,219 | $ 23,976 |
Project revenue | 2,478 | 2,527 | 5,004 | 4,637 |
Total revenues | 15,455 | 14,843 | 30,223 | 28,613 |
Operating expenses: | ||||
Cost of revenues | 4,755 | 4,632 | 9,398 | 9,228 |
Sales and marketing | 2,440 | 2,509 | 4,928 | 5,076 |
Research and development | 5,952 | 5,404 | 12,122 | 10,506 |
General and administrative | 3,126 | 3,217 | 6,393 | 6,339 |
Total operating expenses | 16,273 | 15,762 | 32,841 | 31,149 |
Loss from operations | (818) | (919) | (2,618) | (2,536) |
Other (expense) income, net: | ||||
Foreign exchange (loss) gain | (171) | 175 | (223) | 131 |
Interest expense | (54) | (94) | (119) | (177) |
Interest income | 2 | 2 | 5 | 6 |
Other income, net | 3 | 3 | ||
Total other (expense) income, net | (223) | 86 | (337) | (37) |
Loss before income taxes | (1,041) | (833) | (2,955) | (2,573) |
Provision for income taxes | (154) | (176) | (128) | (15,656) |
Net loss | $ (1,195) | $ (1,009) | $ (3,083) | $ (18,229) |
Net loss per share: | ||||
Basic | $ (0.08) | $ (0.07) | $ (0.21) | $ (1.34) |
Diluted | $ (0.08) | $ (0.07) | $ (0.21) | $ (1.34) |
Weighted average shares outstanding used in computing net loss per share: | ||||
Basic | 14,535,539 | 13,775,250 | 14,420,562 | 13,639,866 |
Diluted | 14,535,539 | 13,775,250 | 14,420,562 | 13,639,866 |
Comprehensive loss: | ||||
Net loss | $ (1,195) | $ (1,009) | $ (3,083) | $ (18,229) |
Foreign currency translation adjustments | (12) | (75) | 28 | (34) |
Comprehensive loss | $ (1,207) | $ (1,084) | $ (3,055) | $ (18,263) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended | |
Jul. 31, 2015 | Jul. 31, 2014 | |
Cash flows provided by operating activities: | ||
Net loss | $ (3,083) | $ (18,229) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||
Depreciation and amortization | 1,528 | 1,394 |
Stock-based compensation expense | 1,105 | 870 |
Deferred rent expense | (179) | (187) |
Deferred income taxes | 15,215 | |
Net change in operating assets and liabilities: | ||
Accounts receivable | 21,302 | 19,403 |
Prepaid expenses and other current assets | (276) | (374) |
Other assets | 68 | (35) |
Accounts payable | 112 | 181 |
Accrued expenses | (3,635) | (4,058) |
Other liabilities | (93) | 2 |
Deferred revenue | (7,251) | (9,387) |
Net cash provided by operating activities | 9,598 | 4,795 |
Cash flows used in investing activities: | ||
Purchases of property and equipment | (626) | (577) |
Net cash used in investing activities | (626) | (577) |
Cash flows used in financing activities: | ||
Proceeds from stock option and warrant exercises | 1,130 | 416 |
Payments of capital lease obligations | (1,301) | (1,358) |
Net cash used in financing activities | (171) | (942) |
Effect of exchange rate changes on cash | (180) | (61) |
Net increase in cash and cash equivalents | 8,621 | 3,215 |
Cash and cash equivalents, beginning of period | 21,785 | 28,753 |
Cash and cash equivalents, end of period | 30,406 | 31,968 |
Supplemental cash flow disclosures: | ||
Cash paid for interest | 119 | 177 |
Cash paid for income taxes | $ 1,043 | 1,149 |
Supplemental disclosure of non-cash investing and financing activities: | ||
Acquisition of equipment through capital leases | $ 1,700 |
Description of Business
Description of Business | 6 Months Ended |
Jul. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [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 used primarily by vehicle manufacturers 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 exploring 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 Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Jul. 31, 2015 | |
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 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 included in the Company’s Annual Report on Form 10-K for the year ended January 31, 2015. 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. 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, which reasonable when made, do not turn out to be substantially accurate. Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued ASU 2014-12, Stock Compensation, In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In April 2015, the FASB issued ASU No. 2015-05, Intangibles – Goodwill and Other – Internal-Use Software: Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement |
Computation of Net Loss Per Sha
Computation of Net Loss Per Share | 6 Months Ended |
Jul. 31, 2015 | |
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 July 31, Six Months Ended July 31, 2015 2014 2015 2014 Numerator: Net loss $ (1,195 ) $ (1,009 ) $ (3,083 ) $ (18,229 ) Denominator: Weighted average common shares, basic and diluted 14,535,539 13,775,250 14,420,562 13,639,866 Basic and diluted net loss per share $ (0.08 ) $ (0.07 ) $ (0.21 ) $ (1.34 ) All of the Company’s outstanding stock options and unvested restricted stock unit awards were excluded from the computation of diluted net loss per share for the three and six months ended July 31, 2015 and 2014 because including them would have had an anti-dilutive effect due to the net loss position of the Company. At July 31, 2015 and 2014, the Company had outstanding options, unvested restricted stock unit awards and warrants of 2,471,058 and 2,754,044, respectively. |
Property and Equipment, net
Property and Equipment, net | 6 Months Ended |
Jul. 31, 2015 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment, net | 4. Property and Equipment, net Property and equipment, net consists of the following: July 31, January 31, Computer software and equipment $ 20,910 $ 20,637 Office equipment and furniture 426 422 Leasehold improvements 2,588 2,593 Total property and equipment 23,924 23,652 Less: accumulated depreciation (17,716 ) (16,691 ) Property and equipment, net $ 6,208 $ 6,961 For the three and six months ended July 31, 2015, depreciation expense was $690 and $1,353, respectively. For the three and six months ended July 31, 2014, depreciation expense was $643 and $1,219, respectively. Included in computer software and equipment and office equipment and furniture is equipment held pursuant to capital leases with costs of $18,047 and $18,409 and accumulated depreciation of $13,415 and $11,858 as of July 31, 2015 and 2014, respectively. During the three and six months ended July 31, 2015, the Company disposed of $11 and $281, respectively, worth of fully-depreciated computer equipment. No gain or loss on the disposals of these assets was recognized. |
Accrued Expenses
Accrued Expenses | 6 Months Ended |
Jul. 31, 2015 | |
Payables and Accruals [Abstract] | |
Accrued Expenses | 5. Accrued Expenses Accrued expenses consist of the following: July 31, January 31, Accrued payroll $ 2,164 $ 1,695 Accrued commissions and bonuses 1,406 3,150 Sales and withholding taxes 660 2,427 Accrued income taxes payable 436 597 Legal and professional 530 275 Deferred rent, current portion 37 597 Other accrued expenses 1,112 1,844 Total accrued expenses $ 6,345 $ 10,585 |
Deferred Rent
Deferred Rent | 6 Months Ended |
Jul. 31, 2015 | |
Text Block [Abstract] | |
Deferred Rent | 6. Deferred Rent Payment escalations, rent holidays and lease incentives specified in the Company’s non-cancelable operating lease and hosting agreements are recognized on a straight-line basis over the terms of the agreements. The differences arising from straight-line expense recognition and cash payments are recorded as deferred rent in the accompanying consolidated balance sheets. Tenant leasehold improvement allowances received from landlords are recorded as leasehold improvements and deferred rent and are amortized as operating expense over the applicable lease terms. Deferred rent consists of the following: July 31, January 31, Leasehold improvement incentive $ 196 $ 308 Non-cash rent expense 712 761 Total deferred rent 908 1,069 Less: current portion included in accrued expenses (37 ) (597 ) Deferred rent, net of current portion $ 871 $ 472 |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jul. 31, 2015 | |
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 July 31, 2015 and January 31, 2015, 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 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 July 31, 2015: Total Level 1 Level 2 Level 3 Assets: Money market funds $ 12,516 $ 12,516 $ — $ — The following table summarizes the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value as of January 31, 2015: Total Level 1 Level 2 Level 3 Assets: Money market funds $ 12,514 $ 12,514 $ — $ — 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 | 6 Months Ended |
Jul. 31, 2015 | |
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 July 31, 2015: July 31, 2015 Cost Accumulated Net Book Intellectual property $ 3,505 $ (1,285 ) $ 2,220 Access to facilities contract 38 (38 ) — Total $ 3,543 $ (1,323 ) $ 2,220 The following table reflects the carrying value of intangible assets as of January 31, 2015: January 31, 2015 Cost Accumulated Net Book Intellectual property $ 3,505 $ (1,110 ) $ 2,395 Access to facilities contract 38 (38 ) — Total $ 3,543 $ (1,148 ) $ 2,395 For the three and six months ended July 31, 2015, amortization expense of intangible assets was $87 and $175, respectively. For the three and six months ended July 31, 2014, amortization expense of intangible assets was $88 and $175, respectively. |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jul. 31, 2015 | |
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, be reasonably expected to have a material adverse effect on the Company’s financial position, results of operations, or cash flows. 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 July 31, 2015 and January 31, 2015, the Company has not recorded any liabilities for the above guarantees and indemnities. Operating Leases Effective July 1, 2015, the Company amended the lease for its corporate headquarters space in Burlington, Massachusetts. Originally set to expire in March 2016, the amendment extends the lease term through March 2023 and reduces the leased space from 65,941 square feet to 44,241 square feet. The 21,700 square foot reduction primarily relates to first floor space that had been subleased by the Company to a subtenant, and under the terms of the amendment, the landlord assumed the sublease effective July 1, 2015. The amendment also provides for a tenant improvement allowance of up to $1,681 to cover renovations that will be made to the retained second floor space over the remainder of fiscal year 2016. Management believes that the renovated space will be suitable and adequate to meet the Company’s planned growth needs at its headquarters over the next several years. In conjunction with the relinquishment of the first floor space, the amendment reduces the Company’s required security deposit letter of credit from $525 to $352, and accordingly, management plans to reduce the restricted cash account securing the letter of credit to $352 in the third quarter of fiscal 2016. As of July 31, 2015, restricted cash of $352 is included in other long-term assets and $173 is included in other current assets in the accompanying consolidated balance sheet. As of July 31, 2015, future minimum lease payments under the amended headquarters lease are as follows: Fiscal year ended January 31, 2016 (remainder as of July 31, 2015) $ 780 2017 1,541 2018 1,574 2019 1,618 2020 1,663 2021 1,707 Thereafter 3,847 $ 12,730 Purchase Obligations In July 2015, the Company entered into a commitment to lease $4,351 of computer processor equipment for its high performance computing data center in New Jersey. This capital investment will significantly expand the Company’s computing capacity to address current and anticipated demand. It is also expected to improve project simulation cycle times. The equipment, which is expected to be delivered by September 2015, will be financed over three years under an arrangement with IBM that will qualify for capital lease accounting treatment. |
Stockholders' Equity and Stock-
Stockholders' Equity and Stock-Based Compensation | 6 Months Ended |
Jul. 31, 2015 | |
Equity [Abstract] | |
Stockholders' Equity and Stock-Based Compensation | 10. Stockholders’ Equity and Stock-Based Compensation Warrants Exercised On July 29, 2015, Massachusetts Capital Resource Company exercised warrants to purchase 21,538 shares of common stock at a cash exercise price of $6.11 per share. The Company has no remaining outstanding warrants as of July 31, 2015. Stock-Based Compensation Expense The fair value of common stock service-based options for employees and directors is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions used: Six Months Ended 2015 2014 Estimated dividend yield 0 % 0 % Expected stock price volatility 38.1 % 47.7 % Weighted-average risk-free interest rate 2.0 % 2.2 % Expected life of options (in years) 6.25 6.25 The weighted average grant date fair value per share for service-based stock options granted in the three and six months ended July 31, 2015 was $4.53 and $4.44, respectively. The weighted average grant date fair value per share for service-based stock options granted in the three and six months ended July 31, 2014 was $4.32 and $5.54, respectively. For standard service-based stock options, the Company records stock-based compensation expense over the estimated service/vesting period. The amount of stock-based compensation expense recognized during a period is based on the value of the portion of the awards that are ultimately expected to vest. Performance-based stock options are recognized as expense over the requisite service period when it becomes probable that performance measures triggering vesting will be met. Certain grants vested during the first quarter of fiscal year 2016 based on achieved performance metrics. As of July 31, 2015, the Company has concluded that it is not probable that the remaining unvested options will achieve the required metrics for vesting. As a result, the Company has not recognized any additional share-based compensation expense associated with the unvested portion of these performance-based options. Total stock-based compensation expense related to stock options and restricted stock units issued by the Company is as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Cost of revenues $ 53 $ 44 $ 122 $ 82 Sales and marketing 85 86 200 161 Research and development 185 191 426 347 General and administrative 168 179 357 280 Total $ 491 $ 500 $ 1,105 $ 870 The total unrecognized compensation cost related to outstanding service-based stock options is $3,057 at July 31, 2015. This amount is expected to be recognized over a weighted-average period of 2.47 years. |
Income Taxes
Income Taxes | 6 Months Ended |
Jul. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 11. Income Taxes For the three and six months ended July 31, 2015, the Company’s income tax provision was $154 and $128, respectively. The provision for both periods primarily consists of the tax effects of foreign operating results and foreign withholding taxes. For the three and six months ended July 31, 2014, the income tax provision was $176 and $15,656, respectively. The provision for the six months ended July 31, 2014 includes a $14,506 non-cash charge to record a valuation allowance against the Company’s United States net deferred tax assets and a $700 non-cash write-off of state deferred tax assets. In determining the realizability of the net United States federal and state deferred tax assets, the Company considers numerous factors including historical profitability, estimated future taxable income, prudent and feasible tax planning strategies and the industry in which it operates. Management reassesses the realization of the deferred tax assets each reporting period, which resulted in a full valuation allowance against the Company’s United States deferred tax assets in the first quarter of fiscal year 2015. To the extent that the financial results of the United States operations improve in the future and the deferred tax assets become realizable, the Company will reduce the valuation allowance through earnings. 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 in tax years ending prior to January 31, 2012 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. 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 could be utilized annually in the future to offset its 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 Company’s management has determined that, as of July 31, 2015, it had not experienced another ownership change for purposes of Section 382. However, future transactions in the Company’s common stock could trigger an ownership change for purposes of Section 382, which could limit the amount of net operating loss carryforwards that could be utilized annually in the future to offset the Company’s taxable income, if any. Any such limitation, whether as the result of sales of common stock by the Company’s existing stockholders or sales of common stock by the Company, could have a material adverse effect on the Company’s results of operations in future years. |
Geographic Information
Geographic Information | 6 Months Ended |
Jul. 31, 2015 | |
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 Six Months Ended 2015 2014 2015 2014 United States $ 4,298 $ 3,412 $ 8,141 $ 6,285 Japan 2,138 2,147 4,479 4,518 Germany 2,461 2,838 4,650 5,529 United Kingdom 1,842 1,266 3,703 2,388 France 1,841 2,252 3,620 4,236 Korea 1,412 1,419 2,705 2,655 Sweden 482 651 957 1,345 Other 981 858 1,968 1,657 Total $ 15,455 $ 14,843 $ 30,223 $ 28,613 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: July 31, January 31, United States $ 5,477 $ 6,080 France 474 590 Germany 129 132 Japan 56 91 Other 72 68 Total property and equipment, net $ 6,208 $ 6,961 |
Summary of Significant Accoun18
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jul. 31, 2015 | |
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 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 included in the Company’s Annual Report on Form 10-K for the year ended January 31, 2015. 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. 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, which reasonable when made, do not turn out to be substantially accurate. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued ASU 2014-12, Stock Compensation, In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In April 2015, the FASB issued ASU No. 2015-05, Intangibles – Goodwill and Other – Internal-Use Software: Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement |
Computation of Net Loss Per S19
Computation of Net Loss Per Share (Tables) | 6 Months Ended |
Jul. 31, 2015 | |
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 July 31, Six Months Ended July 31, 2015 2014 2015 2014 Numerator: Net loss $ (1,195 ) $ (1,009 ) $ (3,083 ) $ (18,229 ) Denominator: Weighted average common shares, basic and diluted 14,535,539 13,775,250 14,420,562 13,639,866 Basic and diluted net loss per share $ (0.08 ) $ (0.07 ) $ (0.21 ) $ (1.34 ) |
Property and Equipment, net (Ta
Property and Equipment, net (Tables) | 6 Months Ended |
Jul. 31, 2015 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property and Equipment | Property and equipment, net consists of the following: July 31, January 31, Computer software and equipment $ 20,910 $ 20,637 Office equipment and furniture 426 422 Leasehold improvements 2,588 2,593 Total property and equipment 23,924 23,652 Less: accumulated depreciation (17,716 ) (16,691 ) Property and equipment, net $ 6,208 $ 6,961 |
Accrued Expenses (Tables)
Accrued Expenses (Tables) | 6 Months Ended |
Jul. 31, 2015 | |
Payables and Accruals [Abstract] | |
Accrued Expenses | Accrued expenses consist of the following: July 31, January 31, Accrued payroll $ 2,164 $ 1,695 Accrued commissions and bonuses 1,406 3,150 Sales and withholding taxes 660 2,427 Accrued income taxes payable 436 597 Legal and professional 530 275 Deferred rent, current portion 37 597 Other accrued expenses 1,112 1,844 Total accrued expenses $ 6,345 $ 10,585 |
Deferred Rent (Tables)
Deferred Rent (Tables) | 6 Months Ended |
Jul. 31, 2015 | |
Text Block [Abstract] | |
Deferred Rent | Deferred rent consists of the following: July 31, January 31, Leasehold improvement incentive $ 196 $ 308 Non-cash rent expense 712 761 Total deferred rent 908 1,069 Less: current portion included in accrued expenses (37 ) (597 ) Deferred rent, net of current portion $ 871 $ 472 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 6 Months Ended |
Jul. 31, 2015 | |
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 July 31, 2015: Total Level 1 Level 2 Level 3 Assets: Money market funds $ 12,516 $ 12,516 $ — $ — The following table summarizes the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value as of January 31, 2015: Total Level 1 Level 2 Level 3 Assets: Money market funds $ 12,514 $ 12,514 $ — $ — |
Acquired Intangible Assets (Tab
Acquired Intangible Assets (Tables) | 6 Months Ended |
Jul. 31, 2015 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Carrying Value of Intangible Assets | The following table reflects the carrying value of intangible assets as of July 31, 2015: July 31, 2015 Cost Accumulated Net Book Intellectual property $ 3,505 $ (1,285 ) $ 2,220 Access to facilities contract 38 (38 ) — Total $ 3,543 $ (1,323 ) $ 2,220 The following table reflects the carrying value of intangible assets as of January 31, 2015: January 31, 2015 Cost Accumulated Net Book Intellectual property $ 3,505 $ (1,110 ) $ 2,395 Access to facilities contract 38 (38 ) — Total $ 3,543 $ (1,148 ) $ 2,395 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 6 Months Ended |
Jul. 31, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Future Minimum Lease Payments Under Amended Headquarters Lease | As of July 31, 2015, future minimum lease payments under the amended headquarters lease are as follows: Fiscal year ended January 31, 2016 (remainder as of July 31, 2015) $ 780 2017 1,541 2018 1,574 2019 1,618 2020 1,663 2021 1,707 Thereafter 3,847 $ 12,730 |
Stockholders' Equity and Stoc26
Stockholders' Equity and Stock-Based Compensation (Tables) | 6 Months Ended |
Jul. 31, 2015 | |
Equity [Abstract] | |
Assumptions Used to Calculate Fair Value of Common Stock Service-based Options for Employees and Directors | The fair value of common stock service-based options for employees and directors is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions used: Six Months Ended 2015 2014 Estimated dividend yield 0 % 0 % Expected stock price volatility 38.1 % 47.7 % Weighted-average risk-free interest rate 2.0 % 2.2 % 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 Six Months Ended 2015 2014 2015 2014 Cost of revenues $ 53 $ 44 $ 122 $ 82 Sales and marketing 85 86 200 161 Research and development 185 191 426 347 General and administrative 168 179 357 280 Total $ 491 $ 500 $ 1,105 $ 870 |
Geographic Information (Tables)
Geographic Information (Tables) | 6 Months Ended |
Jul. 31, 2015 | |
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 Six Months Ended 2015 2014 2015 2014 United States $ 4,298 $ 3,412 $ 8,141 $ 6,285 Japan 2,138 2,147 4,479 4,518 Germany 2,461 2,838 4,650 5,529 United Kingdom 1,842 1,266 3,703 2,388 France 1,841 2,252 3,620 4,236 Korea 1,412 1,419 2,705 2,655 Sweden 482 651 957 1,345 Other 981 858 1,968 1,657 Total $ 15,455 $ 14,843 $ 30,223 $ 28,613 |
Net Long-Lived Assets by Principal Geographic Areas | Net long-lived assets by principal geographic areas were as follows: July 31, January 31, United States $ 5,477 $ 6,080 France 474 590 Germany 129 132 Japan 56 91 Other 72 68 Total property and equipment, net $ 6,208 $ 6,961 |
Computation of Net Loss Per S28
Computation of Net Loss Per Share - Calculation of Basic and Diluted Net Loss Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2015 | Jul. 31, 2014 | Jul. 31, 2015 | Jul. 31, 2014 | |
Numerator: | ||||
Net loss | $ (1,195) | $ (1,009) | $ (3,083) | $ (18,229) |
Denominator: | ||||
Weighted average common shares, basic and diluted | 14,535,539 | 13,775,250 | 14,420,562 | 13,639,866 |
Basic and diluted net loss per share | $ (0.08) | $ (0.07) | $ (0.21) | $ (1.34) |
Computation of Net Loss Per S29
Computation of Net Loss Per Share - Additional Information (Detail) - shares | 6 Months Ended | |
Jul. 31, 2015 | Jul. 31, 2014 | |
Earnings Per Share [Abstract] | ||
Outstanding options, unvested restricted stock unit awards and warrants | 2,471,058 | 2,754,044 |
Property and Equipment, Net - S
Property and Equipment, Net - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands | Jul. 31, 2015 | Jan. 31, 2015 |
Property, Plant and Equipment [Line Items] | ||
Total property and equipment | $ 23,924 | $ 23,652 |
Less accumulated depreciation | (17,716) | (16,691) |
Property and equipment, net | 6,208 | 6,961 |
Computer Software and Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total property and equipment | 20,910 | 20,637 |
Office Equipment and Furniture [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total property and equipment | 426 | 422 |
Leasehold Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total property and equipment | $ 2,588 | $ 2,593 |
Property and Equipment, Net - A
Property and Equipment, Net - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jul. 31, 2015 | Jul. 31, 2014 | Jul. 31, 2015 | Jul. 31, 2014 | Jan. 31, 2015 | |
Property, Plant and Equipment [Line Items] | |||||
Depreciation expense | $ 690,000 | $ 643,000 | $ 1,353,000 | $ 1,219,000 | |
Cost of equipment held pursuant to capital leases | 18,047,000 | 18,409,000 | 18,047,000 | 18,409,000 | |
Accumulated depreciation | 17,716,000 | 17,716,000 | $ 16,691,000 | ||
Disposal of fully-depreciated computer equipment | 11,000 | 281,000 | |||
Gain (loss) on sale of fully-depreciated computer equipment | 0 | 0 | |||
Assets Held under Capital Leases [Member] | |||||
Property, Plant and Equipment [Line Items] | |||||
Accumulated depreciation | $ 13,415,000 | $ 11,858,000 | $ 13,415,000 | $ 11,858,000 |
Accrued Expenses - Accrued Expe
Accrued Expenses - Accrued Expenses (Detail) - USD ($) $ in Thousands | Jul. 31, 2015 | Jan. 31, 2015 |
Payables and Accruals [Abstract] | ||
Accrued payroll | $ 2,164 | $ 1,695 |
Accrued commissions and bonuses | 1,406 | 3,150 |
Sales and withholding taxes | 660 | 2,427 |
Accrued income taxes payable | 436 | 597 |
Legal and professional | 530 | 275 |
Deferred rent, current portion | 37 | 597 |
Other accrued expenses | 1,112 | 1,844 |
Total accrued expenses | $ 6,345 | $ 10,585 |
Deferred Rent - Deferred Rent (
Deferred Rent - Deferred Rent (Detail) - USD ($) $ in Thousands | Jul. 31, 2015 | Jan. 31, 2015 |
Deferred Revenue Disclosure [Abstract] | ||
Leasehold improvement incentive | $ 196 | $ 308 |
Non-cash rent expense | 712 | 761 |
Total deferred rent | 908 | 1,069 |
Total deferred rent | 908 | 1,069 |
Less: current portion included in accrued expenses | (37) | (597) |
Deferred rent, net of current portion | $ 871 | $ 472 |
Fair Value Measurements - Fair
Fair Value Measurements - Fair Value Hierarchy for Financial Assets and Liabilities Measured at Fair Value (Detail) - Money Market Funds [Member] - USD ($) $ in Thousands | Jul. 31, 2015 | Jan. 31, 2015 |
Assets: | ||
Money market funds | $ 12,516 | $ 12,514 |
Level 1 [Member] | ||
Assets: | ||
Money market funds | $ 12,516 | $ 12,514 |
Acquired Intangible Assets - Ca
Acquired Intangible Assets - Carrying Value of Intangible Assets (Detail) - USD ($) $ in Thousands | Jul. 31, 2015 | Jan. 31, 2015 |
Finite-Lived Intangible Assets [Line Items] | ||
Cost | $ 3,543 | $ 3,543 |
Accumulated Amortization | (1,323) | (1,148) |
Net Book Value | 2,220 | 2,395 |
Intellectual Property [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Cost | 3,505 | 3,505 |
Accumulated Amortization | (1,285) | (1,110) |
Net Book Value | 2,220 | 2,395 |
Access to Facilities Contract [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Cost | 38 | 38 |
Accumulated Amortization | $ (38) | $ (38) |
Acquired Intangible Assets - Ad
Acquired Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2015 | Jul. 31, 2014 | Jul. 31, 2015 | Jul. 31, 2014 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||||
Intangible assets amortization expense | $ 87 | $ 88 | $ 175 | $ 175 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) | Jul. 01, 2015USD ($)ft² | Jun. 30, 2015USD ($)ft² | Jul. 31, 2015USD ($) | Oct. 31, 2015USD ($) | Jan. 31, 2015USD ($) |
Contingencies And Commitments [Line Items] | |||||
Recorded liabilities for guarantees and indemnities | $ 0 | $ 0 | |||
Corporate Headquarters [Member] | |||||
Contingencies And Commitments [Line Items] | |||||
Operating lease covers area | ft² | 44,241 | 65,941 | |||
Operating lease covers area reduction | ft² | 21,700 | ||||
Letter of credit | $ 352,000 | $ 525,000 | |||
Maximum [Member] | Corporate Headquarters [Member] | |||||
Contingencies And Commitments [Line Items] | |||||
Tenant improvement allowance | $ 1,681,000 | ||||
Forecast [Member] | Corporate Headquarters [Member] | |||||
Contingencies And Commitments [Line Items] | |||||
Restricted cash | $ 352,000 | ||||
Other Long Term Assets [Member] | Corporate Headquarters [Member] | |||||
Contingencies And Commitments [Line Items] | |||||
Restricted cash | 352,000 | ||||
Other Current Assets [Member] | Corporate Headquarters [Member] | |||||
Contingencies And Commitments [Line Items] | |||||
Restricted cash | 173,000 | ||||
Computer Processor Equipment [Member] | |||||
Contingencies And Commitments [Line Items] | |||||
Purchase commitment amount committed | $ 4,351,000 | ||||
Capital lease financing arrangement term | 3 years |
Commitments and Contingencies38
Commitments and Contingencies - Future Minimum Lease Payments Under Amended Headquarters Lease (Detail) $ in Thousands | Jul. 31, 2015USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
2016 (remainder as of July 31, 2015) | $ 780 |
2,017 | 1,541 |
2,018 | 1,574 |
2,019 | 1,618 |
2,020 | 1,663 |
2,021 | 1,707 |
Thereafter | 3,847 |
Total | $ 12,730 |
Stockholders' Equity and Stoc39
Stockholders' Equity and Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands | Jul. 29, 2015 | Jul. 31, 2015 | Jul. 31, 2014 | Jul. 31, 2015 | Jul. 31, 2014 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||
Warrants exercised to purchase common stock | 21,538 | ||||
Exercise price of common stock | $ 6.11 | ||||
Remaining shares of outstanding warrants | 0 | 0 | |||
Weighted average grant date per share for stock options | $ 4.53 | $ 4.32 | $ 4.44 | $ 5.54 | |
Total unrecognized compensation cost | $ 3,057 | $ 3,057 | |||
Weighted-average period | 2 years 5 months 19 days |
Stockholders' Equity and Stoc40
Stockholders' Equity and Stock-Based Compensation - Assumptions Used to Calculate Fair Value of Common Stock Service-based Options for Employees and Directors (Detail) | 6 Months Ended | |
Jul. 31, 2015 | Jul. 31, 2014 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||
Estimated dividend yield | 0.00% | 0.00% |
Expected stock price volatility | 38.10% | 47.70% |
Weighted-average risk-free interest rate | 2.00% | 2.20% |
Expected life of options (in years) | 6 years 3 months | 6 years 3 months |
Stockholders' Equity and Stoc41
Stockholders' Equity and Stock-Based Compensation - Stock-Based Compensation Expense Related to Stock Options Issued and Restricted Stock Units by the Company (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2015 | Jul. 31, 2014 | Jul. 31, 2015 | Jul. 31, 2014 | |
Stock Based Compensation [Line Items] | ||||
Stock-based compensation expense | $ 491 | $ 500 | $ 1,105 | $ 870 |
Cost of Revenues [Member] | ||||
Stock Based Compensation [Line Items] | ||||
Stock-based compensation expense | 53 | 44 | 122 | 82 |
Sales and Marketing [Member] | ||||
Stock Based Compensation [Line Items] | ||||
Stock-based compensation expense | 85 | 86 | 200 | 161 |
Research and Development [Member] | ||||
Stock Based Compensation [Line Items] | ||||
Stock-based compensation expense | 185 | 191 | 426 | 347 |
General and Administrative [Member] | ||||
Stock Based Compensation [Line Items] | ||||
Stock-based compensation expense | $ 168 | $ 179 | $ 357 | $ 280 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2015 | Jul. 31, 2014 | Jul. 31, 2015 | Jul. 31, 2014 | |
Income Tax Disclosure [Line Items] | ||||
Provision for income taxes | $ 154 | $ 176 | $ 128 | $ 15,656 |
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 in tax years ending prior to January 31, 2012 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. | |||
Threshold percentage for change in ownership | 50.00% | |||
Period of change in ownership | 3 years | |||
Domestic Tax Authority [Member] | ||||
Income Tax Disclosure [Line Items] | ||||
Valuation allowance | $ 14,506 | 14,506 | ||
State [Member] | ||||
Income Tax Disclosure [Line Items] | ||||
Deferred tax assets written off | $ 700 |
Geographic Information - Revenu
Geographic Information - Revenues by Geographic Area (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2015 | Jul. 31, 2014 | Jul. 31, 2015 | Jul. 31, 2014 | |
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Revenue | $ 15,455 | $ 14,843 | $ 30,223 | $ 28,613 |
United States [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Revenue | 4,298 | 3,412 | 8,141 | 6,285 |
Japan [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Revenue | 2,138 | 2,147 | 4,479 | 4,518 |
Germany [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Revenue | 2,461 | 2,838 | 4,650 | 5,529 |
United Kingdom [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Revenue | 1,842 | 1,266 | 3,703 | 2,388 |
France [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Revenue | 1,841 | 2,252 | 3,620 | 4,236 |
Korea [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Revenue | 1,412 | 1,419 | 2,705 | 2,655 |
Sweden [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Revenue | 482 | 651 | 957 | 1,345 |
Other [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Revenue | $ 981 | $ 858 | $ 1,968 | $ 1,657 |
Geographic Information - Net Lo
Geographic Information - Net Long-Lived Assets by Principal Geographic Areas (Detail) - USD ($) $ in Thousands | Jul. 31, 2015 | Jan. 31, 2015 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Property and equipment, net | $ 6,208 | $ 6,961 |
United States [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Property and equipment, net | 5,477 | 6,080 |
France [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Property and equipment, net | 474 | 590 |
Germany [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Property and equipment, net | 129 | 132 |
Japan [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Property and equipment, net | 56 | 91 |
Other [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Property and equipment, net | $ 72 | $ 68 |