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Derivative Instruments (Tables)

9 Months Ended

Oct. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair values of outstanding derivative instruments were as follows (in thousands):

		Condensed Consolidated Balance Sheets Location		October 31, 2018				January 31, 2018
Derivative Assets:
Foreign currency forward contracts designated as cash flow hedges		Prepaid expenses and other current assets		$	18,417			$	15
Foreign currency forward contracts designated as cash flow hedges		Other assets		16,481				4
Foreign currency forward contracts not designated as hedges		Prepaid expenses and other current assets		1,445				79
Foreign currency forward contracts not designated as hedges		Other assets		73				—
Total Derivative Assets				$	36,416			$	98
Derivative Liabilities:
Foreign currency forward contracts designated as cash flow hedges		Accrued expenses and other current liabilities		$	213			$	18,355
Foreign currency forward contracts designated as cash flow hedges		Other liabilities		10				11,650
Foreign currency forward contracts not designated as hedges		Accrued expenses and other current liabilities		317				2,805
Foreign currency forward contracts not designated as hedges		Other liabilities		—				102
Total Derivative Liabilities				$	540			$	32,912

Derivative Instruments, Gain (Loss)

Gains (losses) associated with foreign currency forward contracts designated as cash flow hedges were as follows (in thousands):

		Condensed Consolidated Statements of Operations and Statements of Comprehensive Loss Locations		Three Months Ended October 31,								Nine Months Ended October 31,
				2018				2017				2018				2017
Gains (losses) recognized in OCI (effective portion) (1)		Net change in market value of effective foreign currency forward exchange contracts		$	16,341			$	7,372			$	52,506			$	(16,526	)
Gains (losses) reclassified from OCI into income (effective portion)		Revenues		(2,373		)		679				(5,450		)		1,386
Gains (losses) recognized in income (amount excluded from effectiveness testing and ineffective portion)		Other income (expense), net		2,700				350				8,958				1,740

⁽¹⁾  Of the total effective portion of foreign currency forward contracts designated as cash flow hedges as of October 31, 2018, net gains of $0.4 million are expected to be reclassified out of OCI within the next 12 months.

Derivatives Not Designated as Hedging Instruments

Gains (losses) associated with foreign currency forward contracts not designated as cash flow hedges were as follows (in thousands):

		Condensed Consolidated Statements of Operations Location		Three Months Ended October 31,								Nine Months Ended October 31,
Derivative Type				2018				2017				2018				2017
Foreign currency forward contracts not designated as hedges		Other income (expense), net		$	2,488			$	829			$	6,166			$	(1,796	)

Offsetting Assets

As of October 31, 2018, information related to these offsetting arrangements was as follows (in thousands):

		Gross Amounts of Recognized Assets				Gross Amounts Offset on the Condensed Consolidated Balance Sheets				Net Amounts of Assets Presented on the Condensed Consolidated Balance Sheets				Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets								Net Assets Exposed
														Financial Instruments				Cash Collateral Received
Derivative Assets:
Counterparty A		$	8,172			$	—			$	8,172			$	(91	)		$	—			$	8,081
Counterparty B		23,879				—				23,879				(337		)		—				23,542
Counterparty C		4,365				—				4,365				(112		)		—				4,253
Total		$	36,416			$	—			$	36,416			$	(540	)		$	—			$	35,876

Offsetting Liabilities

		Gross Amounts of Recognized Liabilities				Gross Amounts Offset on the Condensed Consolidated Balance Sheets				Net Amounts of Liabilities Presented on the Condensed Consolidated Balance Sheets				Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets								Net Liabilities Exposed
														Financial Instruments				Cash Collateral Pledged
Derivative Liabilities:
Counterparty A		$	91			$	—			$	91			$	(91	)		$	—			$	—
Counterparty B		337				—				337				(337		)		—				—
Counterparty C		112				—				112				(112		)		—				—
Total		$	540			$	—			$	540			$	(540	)		$	—			$	—

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