|6 Months Ended|
Jul. 31, 2021
|Restricted Cash [Abstract]|
Note 6. Restricted Cash
As a result of the death of its former Chairman, the Company holds $4.2 million in a rabbi trust, of which $1.2 million is classified as restricted cash in current assets and $3.0 million is classified as restricted cash in other assets on the accompanying interim condensed consolidated balance sheet as of July 31, 2021.
A summary of cash, cash equivalents and restricted cash is as follows (amounts in thousands):
The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef