DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Apr. 30, 2020

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 April 30, 2020 and January 31, 2020 were as follows:

		Fair Value at
		April 30,		January 31,
(in thousands)	Balance Sheet Classification	2020		2020
Derivative assets:
Foreign currency forward contracts:
Designated as cash flow hedges	Prepaid expenses and other current assets	$	544	$	710
Not designated as hedging instruments	Prepaid expenses and other current assets	726		102
Total derivative assets		$	1,270	$	812
Derivative liabilities:
Foreign currency forward contracts:
Designated as cash flow hedges	Accrued expenses and other current liabilities	$	724	$	16
Not designated as hedging instruments	Accrued expenses and other current liabilities	—		116
Interest rate swap agreements:
Designated as a cash flow hedge	Accrued expenses and other current liabilities	3,897		2,060
Designated as a cash flow hedge	Other liabilities	16,548		11,441
Total derivative liabilities		$	21,169	$	13,633

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 (“AOCL”) and on the condensed consolidated statements of operations for the three months ended April 30, 2020 and 2019 were as follows:

	Three Months Ended April 30,
(in thousands)	2020		2019
Net (losses) gains recognized in AOCL:
Foreign currency forward contracts	$	(925)	$	342
Interest rate swap agreement	(7,535)		(2,017)
	$	(8,460)	$	(1,675)
Net losses reclassified from AOCL to the condensed consolidated statements of operations:
Foreign currency forward contracts	$	(52)	$	(939)
Interest rate swap agreement	(591)		—
	$	(643)	$	(939)

Schedule of gains (losses) recognized on derivative financial instruments not designated as hedging instruments

Gains (losses) recognized on derivative financial instruments not designated as hedging instruments in our condensed consolidated statements of operations for the three months ended months ended April 30, 2020 and 2019 were as follows: 

	Classification in Condensed Consolidated Statements of Operations	Three Months Ended April 30,
(in thousands)		2020		2019
Foreign currency forward contracts	Other income (expense), net	$	1,014	$	564
Interest rate swap agreement	Other income (expense), net	—		(15)
		$	1,014	$	549