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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jul. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Values of Derivative Financial Instruments

The fair values of our derivative financial instruments and their classifications in our condensed consolidated balance sheets as of July 31, 2022 and January 31, 2022 were as follows:

									Fair Value at
									July 31,						January 31,
(in thousands)			Balance Sheet Classification						2022						2022
Derivative assets:
Foreign currency forward contracts:
Designated as cash flow hedges			Prepaid expenses and other current assets						$	16					$	33
Total derivative assets									$	16					$	33
Derivative liabilities:
Foreign currency forward contracts:
Designated as cash flow hedges			Accrued expenses and other current liabilities						$	219					$	91
Total derivative liabilities									$	219					$	91

Schedule of the Effects of Derivative Financial Instruments Designated as Cash Flow Hedging Instruments

The effects of derivative financial instruments designated as cash flow hedges on accumulated other comprehensive (loss) income (“AOCL”) and on the condensed consolidated statement of operations for the three and six months ended July 31, 2022 and 2021 were as follows:

						Three Months Ended July 31,												Six Months Ended July 31,
(in thousands)						2022						2021						2022						2021
Net (losses) gains recognized in AOCL:
Foreign currency forward contracts						$	(190)					$	22					$	(460)					$	62
						$	(190)					$	22					$	(460)					$	62
Net (losses) gains reclassified from AOCL to the condensed consolidated statements of operations:
Foreign currency forward contracts						$	(233)					$	11					$	(315)					$	117
Interest rate swap agreement						—						—						—						(16,669)
						$	(233)					$	11					$	(315)					$	(16,552)

Schedule of Gains (Losses) Recognized on Derivative Financial Instruments Not Designated As Hedging Instruments

Losses recognized on derivative financial instruments not designated as hedging instruments in our condensed consolidated statements of operations for the three and six months ended July 31, 2022 and 2021 were as follows: 

						Classification in Condensed Consolidated Statements of Operations						Three Months Ended July 31,												Six Months Ended July 31,
(in thousands)												2022						2021						2022						2021
Interest rate swap agreement						Other income (expense), net						$	—					$	—					$	—					$	(14,374)

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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
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-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

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-SubTopic 10
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-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL109998890-113959

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