XML 58 R36.htm IDEA: XBRL DOCUMENT v3.24.1
LONG-TERM DEBT (Tables)
12 Months Ended
Jan. 31, 2024
Debt Disclosure [Abstract]  
Summary of Long-term Debt
The following table summarizes our long-term debt at January 31, 2024 and 2023: 
January 31,
(in thousands)20242023
2021 Notes$315,000 $315,000 
Revolving Credit Facility
100,000 — 
Term Loan— 100,000 
Less: unamortized debt discounts and issuance costs
(4,035)(6,092)
Total debt410,965 408,908 
Less: current maturities— — 
Long-term debt$410,965 $408,908 
Schedule of Components of Interest Expense
The following table presents the components of interest expense incurred on the 2021 Notes, the 2014 Notes, and on borrowings under our Credit Agreement for the years ended January 31, 2024, 2023, and 2022:
 Year Ended January 31,
(in thousands)202420232022
2021 Notes:
Interest expense at 0.25% coupon rate
$788 $787 $639 
Amortization of deferred debt issuance costs1,776 1,762 1,416 
Total Interest Expense — 2021 Notes$2,564 $2,549 $2,055 
2014 Notes:
Interest expense at 1.50% coupon rate
$— $— $1,933 
Amortization of deferred debt issuance costs— — 522 
Total Interest Expense — 2014 Notes
$ $ $2,455 
Borrowings under Credit Agreement:
Interest expense at contractual rates$6,896 $4,114 $3,366 
Impact of interest rate swap agreement— — 1,014 
Amortization of debt discounts19 18 
Amortization of deferred debt issuance costs739 863 930 
Losses on early retirements of debt
237 — — 
Total Interest Expense — Borrowings under Credit Agreement$7,877 $4,996 $5,328