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Derivative Instruments (Tables)

12 Months Ended

Jan. 31, 2019

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):

		Consolidated Balance Sheets Location		January 31,
				2019				2018
Derivative Assets:
Foreign currency forward contracts designated as cash flow hedges		Prepaid expenses and other current assets		$	12,076			$	15
Foreign currency forward contracts designated as cash flow hedges		Other assets		10,015				4
Foreign currency forward contracts not designated as hedges		Prepaid expenses and other current assets		459				79
Foreign currency forward contracts not designated as hedges		Other assets		20				—
Total Derivative Assets				$	22,570			$	98
Derivative Liabilities:
Foreign currency forward contracts designated as cash flow hedges		Accrued expenses and other current liabilities		$	983			$	18,355
Foreign currency forward contracts designated as cash flow hedges		Other liabilities		706				11,650
Foreign currency forward contracts not designated as hedges		Accrued expenses and other current liabilities		1,446				2,805
Foreign currency forward contracts not designated as hedges		Other liabilities		—				102
Total Derivative Liabilities				$	3,135			$	32,912

Derivative Instruments, Gain (Loss)

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

		Consolidated Statements of Operations and Statements of Comprehensive Loss Locations		Year Ended January 31,
				2019				2018				2017
Gains (losses) recognized in OCI (effective portion) (1)		Net change in market value of effective foreign currency forward exchange contracts		$	44,079			$	(45,869	)		$	2,145
Gains (losses) reclassified from OCI into income (effective portion)		Revenues		(7,012		)		1,509				635
Gains (losses) recognized in income (amount excluded from effectiveness testing and ineffective portion)		Other income (expense), net		13,868				1,607				1,386

⁽¹⁾  Of the total effective portion of foreign currency forward contracts designated as cash flow hedges as of January 31, 2019, net gains of $2 million are expected to be reclassified out of OCI within the next 12 months.

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

		Consolidated Statements of Operations Location		Year Ended January 31,
Derivative Type				2019				2018				2017
Foreign currency forward contracts not designated as hedges		Other income (expense), net		$	4,706			$	(5,641	)		$	662

Offsetting Assets

As of January 31, 2019, information related to these offsetting arrangements was as follows (in thousands):

	Gross Amounts of Recognized Assets				Gross Amounts Offset on the Consolidated Balance Sheets				Net Amounts of Assets Presented on the Consolidated Balance Sheets				Gross Amounts Not Offset on the Consolidated Balance Sheets								Net Assets Exposed
													Financial Instruments				Cash Collateral Received
Derivative Assets:
Counterparty A	$	2,305			$	—			$	2,305			$	(78	)		$	—			$	2,227
Counterparty B	18,053				—				18,053				(1,823		)		—				16,230
Counterparty C	2,212				—				2,212				(1,234		)		—				978
Total	$	22,570			$	—			$	22,570			$	(3,135	)		$	—			$	19,435

Offsetting Liabilities

	Gross Amounts of Recognized Liabilities				Gross Amounts Offset on the Consolidated Balance Sheets				Net Amounts of Liabilities Presented on the Consolidated Balance Sheets				Gross Amounts Not Offset on the Consolidated Balance Sheets								Net Liabilities Exposed
													Financial Instruments				Cash Collateral Pledged
Derivative Liabilities:
Counterparty A	$	78			$	—			$	78			$	(78	)		$	—			$	—
Counterparty B	1,823				—				1,823				(1,823		)		—				—
Counterparty C	1,234				—				1,234				(1,234		)		—				—
Total	$	3,135			$	—			$	3,135			$	(3,135	)		$	—			$	—

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