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Summary of Significant Accounting Policies
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3 Months Ended |
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Apr. 30, 2013
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| Summary of Significant Accounting Policies | |
| Summary of Significant Accounting Policies |
2. Summary of Significant Accounting Policies
There have been no material changes to the Company’s significant accounting policies as compared to those described in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2013.
Concentration of Credit Risk
For the three months ended April 30, 2012 and 2013, the Company had no customers that accounted for more than 10% of the Company’s total revenue.
As of January 31 and April 30, 2013, the Company had no customers that accounted for more than 10% of the Company’s total accounts receivable.
Recently Issued Accounting Standards
In February 2013, the FASB issued an update to the reporting of reclassifications out of accumulated other comprehensive income. The guidance requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. For other amounts that are not required under GAAP to be reclassified in their entirety from accumulated other comprehensive income to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts. In the three months ending April 30, 2013, the Company adopted this guidance, which is related to disclosure only. The Company had no reclassifications out of accumulated other comprehensive income as of April 30, 2013. |