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Derivative Instruments (Tables) | 6 Months Ended
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Jul. 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):
|  | Condensed Consolidated Balance Sheets Location |  | July 31, 2019 |  | January 31, 2019
Derivative assets: |  |  |  |  |  |
Foreign currency forward contracts designated as cash flow hedges |  | Prepaid expenses and other current assets |  | $ | 28,469 |  |  | $ | 12,076 |
Foreign currency forward contracts designated as cash flow hedges |  | Other assets |  | 21,656 |  |  | 10,015 |
Foreign currency forward contracts not designated as hedges |  | Prepaid expenses and other current assets |  | 2,823 |  |  | 459 |
Foreign currency forward contracts not designated as hedges |  | Other assets |  | 187 |  |  | 20 |
Total derivative assets |  |  |  | $ | 53,135 |  |  | $ | 22,570 |
Derivative liabilities: |  |  |  |  |  |
Foreign currency forward contracts designated as cash flow hedges |  | Accrued expenses and other current liabilities |  | $ | 85 |  |  | $ | 983 |
Foreign currency forward contracts designated as cash flow hedges |  | Other liabilities |  | 80 |  |  | 706 |
Foreign currency forward contracts not designated as hedges |  | Accrued expenses and other current liabilities |  | 276 |  |  | 1,446 |
Foreign currency forward contracts not designated as hedges |  | Other liabilities |  | 77 |  |  | — |
Total derivative liabilities |  |  |  | $ | 518 |  |  | $ | 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 July 31, 2019 |  | Six Months Ended July 31, 2019
Total revenues |  | Revenues |  | $ | 887,752 |  |  | $ | 1,712,807 |
Amount of gains (losses) related to foreign currency forward contracts designated as cash flow hedges |  | Revenues |  | 896 |  |  | 912 |
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 July 31, |  | Six Months Ended July 31,
|  |  | 2019 |  | 2018 |  | 2019 |  | 2018
Gains (losses) recognized in OCI (1) |  | Net change in market value of effective foreign currency forward exchange contracts |  | $ | 21,928 |  |  | $ | 17,891 |  |  | $ | 37,790 |  |  | $ | 36,165 |
Gains (losses) reclassified from AOCI into income |  | Revenues |  | 896 |  |  | (1,960 | ) |  | 912 |  |  | (3,077 | )
Gains (losses) recognized in income (amount excluded from effectiveness testing and ineffective portion) |  | Other income (expense), net |  | — |  |  | 4,027 |  |  | — |  |  | 6,258 |
(1) Of the total value accumulated in OCI from foreign currency forward contracts designated as cash flow hedges as of July 31, 2019, net gains of $14 million are expected to be reclassified out of AOCI 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 July 31, |  | Six Months Ended July 31,
Derivative Type |  |  | 2019 |  | 2018 |  | 2019 |  | 2018
Foreign currency forward contracts not designated as hedges |  | Other income (expense), net |  | $ | 2,229 |  |  | $ | 1,884 |  |  | $ | 4,627 |  |  | $ | 3,678 |
Offsetting Assets | As of July 31, 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 |  | $ | 4,101 |  |  | $ | — |  |  | $ | 4,101 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,101 |
Counterparty B |  | 44,336 |  |  | — |  |  | 44,336 |  |  | (102 | ) |  | — |  |  | 44,234 |
Counterparty C |  | 4,698 |  |  | — |  |  | 4,698 |  |  | (416 | ) |  | — |  |  | 4,282 |
Total |  | $ | 53,135 |  |  | $ | — |  |  | $ | 53,135 |  |  | $ | (518 | ) |  | $ | — |  |  | $ | 52,617 |
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 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Counterparty B |  | 102 |  |  | — |  |  | 102 |  |  | (102 | ) |  | — |  |  | — |
Counterparty C |  | 416 |  |  | — |  |  | 416 |  |  | (416 | ) |  | — |  |  | — |
Total |  | $ | 518 |  |  | $ | — |  |  | $ | 518 |  |  | $ | (518 | ) |  | $ | — |  |  | $ | — |

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