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Derivative Instruments (Tables) | 3 Months Ended
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Apr. 30, 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):
|  | Condensed Consolidated Balance Sheets Location |  | April 30, 2019 |  | January 31, 2019
Derivative assets: |  |  |  |  |  |
Foreign currency forward contracts designated as cash flow hedges |  | Prepaid expenses and other current assets |  | $ | 18,172 |  |  | $ | 12,076 |
Foreign currency forward contracts designated as cash flow hedges |  | Other assets |  | 15,303 |  |  | 10,015 |
Foreign currency forward contracts not designated as hedges |  | Prepaid expenses and other current assets |  | 1,685 |  |  | 459 |
Foreign currency forward contracts not designated as hedges |  | Other assets |  | 78 |  |  | 20 |
Total derivative assets |  |  |  | $ | 35,238 |  |  | $ | 22,570 |
Derivative liabilities: |  |  |  |  |  |
Foreign currency forward contracts designated as cash flow hedges |  | Accrued expenses and other current liabilities |  | $ | 154 |  |  | $ | 983 |
Foreign currency forward contracts designated as cash flow hedges |  | Other liabilities |  | 275 |  |  | 706 |
Foreign currency forward contracts not designated as hedges |  | Accrued expenses and other current liabilities |  | 314 |  |  | 1,446 |
Foreign currency forward contracts not designated as hedges |  | Other liabilities |  | 9 |  |  | — |
Total derivative liabilities |  |  |  | $ | 752 |  |  | $ | 3,135 |
Schedule of Cash Flow Hedges On The Condensed Consolidated Statements of Operations | The effect of foreign currency forward contracts designated as cash flow hedges on the condensed consolidated statements of operations was as follows (in thousands):
|  | Condensed Consolidated Statements of Operations Location |  | Three Months Ended April 30, 2019
Total revenues |  | Revenues |  | $ | 825,055 |
Amount of gains (losses) related to foreign currency forward contracts designated as cash flow hedges |  | Revenues |  | 16 |
Derivative Instruments, Gain (Loss) | Pre-tax 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 April 30,
|  |  | 2019 |  | 2018
Gains (losses) recognized in OCI (1) |  | Net change in market value of effective foreign currency forward exchange contracts |  | $ | 15,862 |  |  | $ | 18,274 |
Gains (losses) reclassified from OCI into income |  | Revenues |  | 16 |  |  | (1,117 | )
Gains (losses) recognized in income (amount excluded from effectiveness testing and ineffective portion) |  | Other income (expense), net |  | — |  |  | 2,231 |
(1) | Of the total value accumulated in OCI from foreign currency forward contracts designated as cash flow hedges as of April 30, 2019, net gains of $7 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 April 30,
Derivative Type |  |  | 2019 |  | 2018
Foreign currency forward contracts not designated as hedges |  | Other income (expense), net |  | $ | 2,398 |  |  | $ | 1,794 |
Offsetting Assets | As of April 30, 2019, 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 |  | $ | 2,603 |  |  | $ | — |  |  | $ | 2,603 |  |  | $ | (272 | ) |  | $ | — |  |  | $ | 2,331 |
Counterparty B |  | 30,084 |  |  | — |  |  | 30,084 |  |  | (448 | ) |  | — |  |  | 29,636 |
Counterparty C |  | 2,551 |  |  | — |  |  | 2,551 |  |  | (32 | ) |  | — |  |  | 2,519 |
Total |  | $ | 35,238 |  |  | $ | — |  |  | $ | 35,238 |  |  | $ | (752 | ) |  | $ | — |  |  | $ | 34,486 |
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 |  | $ | 272 |  |  | $ | — |  |  | $ | 272 |  |  | $ | (272 | ) |  | $ | — |  |  | $ | — |
Counterparty B |  | 448 |  |  | — |  |  | 448 |  |  | (448 | ) |  | — |  |  | — |
Counterparty C |  | 32 |  |  | — |  |  | 32 |  |  | (32 | ) |  | — |  |  | — |
Total |  | $ | 752 |  |  | $ | — |  |  | $ | 752 |  |  | $ | (752 | ) |  | $ | — |  |  | $ | — |

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