Derivative Instruments

6 Months Ended

Jul. 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):

	July 31,		January 31,
	2025		2025
Forward contracts designated as cash flow hedges	$	113,197	$	34,082
Forward contracts not designated as cash flow hedges		70,153		67,551
Total	$	183,350	$	101,632

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

	Three Months Ended		Six Months Ended
	July 31, 2025		July 31, 2025
Forward contracts designated as cash flow hedges
Gain recognized in other comprehensive income (loss), net	$	5,894	$	1,441
Forward contracts not designated as cash flow hedges
Gain (loss) recognized in net income		491		(4,549	)
Total gain (loss)	$	6,385	$	(3,108	)

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

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