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Derivative Instruments
 9 Months Ended
Oct. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments

Note 4. Derivative Instruments

The notional amounts of our outstanding foreign currency forward contracts were as follows (in thousands):

 

 

 

October 31,

 

 

January 31,

 

 

 

2025

 

 

2025

 

Forward contracts designated as cash flow hedges

 

$

182,605

 

 

$

34,082

 

Forward contracts not designated as cash flow hedges

 

 

65,775

 

 

 

67,551

 

Total

 

$

248,380

 

 

$

101,633

 

 

Pre-tax gains (losses) associated with foreign currency forward contracts were as follows (in thousands):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

October 31, 2025

 

 

October 31, 2025

 

Forward contracts designated as cash flow hedges

 

 

 

 

 

 

Gain recognized in other comprehensive income (loss), net

 

$

4,187

 

 

$

5,957

 

Gain reclassified from accumulated other comprehensive loss into net income

 

 

1,144

 

 

 

815

 

Total gain

 

$

5,331

 

 

$

6,772

 

 

 

 

 

 

 

 

Forward contracts not designated as cash flow hedges

 

 

 

 

 

 

Gain (loss) recognized in net income

 

 

249

 

 

 

(4,300

)

Pre-tax gains (losses) associated with foreign currency forward contracts were not material for the three and nine months ended October 31, 2024.

As of October 31, 2025, the amount we expect to reclassify out of accumulated other comprehensive loss into earnings within the next twelve months is not material.