Derivative Instruments (Tables)

6 Months Ended

Jul. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values and Gains (Losses) Associated with Derivative Instruments

The fair values of outstanding derivative instruments were as follows (in thousands):

	July 31, 2020		January 31, 2020
Derivative assets (recorded in prepaid expenses and other current assets):
Foreign currency forward contracts designated as cash flow hedges	$	354	$	384
Foreign currency forward contracts not designated as hedges	100		299
Derivative liabilities (recorded in accrued expenses and other current liabilities):
Foreign currency forward contracts designated as cash flow hedges	544		76
Foreign currency forward contracts not designated as hedges	462		266

Gains (losses) associated with foreign currency forward contracts designated as cash flow hedges were as follows (in thousands):

	Condensed Consolidated Statements of Operations and Statements of Comprehensive Loss (OCI) Locations	Three Months Ended July 31,				Six Months Ended July 31,
		2020		2019		2020		2019
Gains (losses) recognized in OCI (effective portion)	Change in unrealized gain (loss) on cash flow hedges, net of tax	$	(748)	$	(467)	$	(676)	$	(610)
Gains (losses) reclassified from OCI into income (effective portion)	Revenues	161		115		291		219
Gains (losses) reclassified from OCI into income (effective portion)	General and administrative	(363)		(145)		(199)		(139)
Gains (losses) recognized in income (amount excluded from effectiveness testing and ineffective portion)	Interest income and other income (expense), net	(9)		(29)		(58)		(62)

Derivatives Not Designated as Hedging Instruments

Gains (losses) associated with foreign currency forward contracts not designated as cash flow hedges were as follows (in thousands):

	Condensed Consolidated Statements of Operations Location	Three Months Ended July 31,				Six Months Ended July 31,
Derivative Type		2020		2019		2020		2019
Foreign currency forward contracts not designated as hedges	Interest income and other income (expense), net	$	(1,784)	$	16	$	(1,117)	$	(43)

Information Related to Offsetting Arrangements, Derivative Assets

As of July 31, 2020, information related to offsetting arrangements was as follows (in thousands):

	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amounts of Assets in the Condensed Consolidated Balance Sheets		Gross Amounts Not Offset in Condensed Consolidated Balance Sheets				Net Asset Exposed
							Financial Instruments		Cash Collateral Received
Derivative assets:
Counterparty A	$	146	$	—	$	146	$	(51)	$	—	$	95
Counterparty B	307		—		307		(307)		—		—
Total	$	453	$	—	$	453	$	(358)	$	—	$	95
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amounts of Assets in the Condensed Consolidated Balance Sheets		Gross Amounts Not Offset in Condensed Consolidated Balance Sheets				Net Liabilities Exposed
							Financial Instruments		Cash Collateral Pledged
Derivative liabilities:
Counterparty A	$	51	$	—	$	51	$	(51)	$	—	$	—
Counterparty B	955		—		955		(307)		—		648
Total	$	1,006	$	—	$	1,006	$	(358)	$	—	$	648

As of January 31, 2020, information related to offsetting arrangements was as follows (in thousands):

	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amounts of Assets in the Condensed Consolidated Balance Sheets		Gross Amounts Not Offset in Condensed Consolidated Balance Sheets				Net Asset Exposed
							Financial Instruments		Cash Collateral Received
Derivative assets:
Counterparty A	$	102	$	—	$	102	$	(5)	$	—	$	97
Counterparty B	581		—		581		(337)		—		244
Total	$	683	$	—	$	683	$	(342)	$	—	$	341

	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amounts of Assets in the Condensed Consolidated Balance Sheets		Gross Amounts Not Offset in Condensed Consolidated Balance Sheets				Net Liabilities Exposed
							Financial Instruments		Cash Collateral Pledged
Derivative liabilities:
Counterparty A	$	5	$	—	$	5	$	(5)	$	—	$	—
Counterparty B	337		—		337		(337)		—		—
Total	$	342	$	—	$	342	$	(342)	$	—	$	—

Information Related to Offsetting Arrangements, Derivative Liabilities

As of July 31, 2020, information related to offsetting arrangements was as follows (in thousands):

	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amounts of Assets in the Condensed Consolidated Balance Sheets		Gross Amounts Not Offset in Condensed Consolidated Balance Sheets				Net Asset Exposed
							Financial Instruments		Cash Collateral Received
Derivative assets:
Counterparty A	$	146	$	—	$	146	$	(51)	$	—	$	95
Counterparty B	307		—		307		(307)		—		—
Total	$	453	$	—	$	453	$	(358)	$	—	$	95
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amounts of Assets in the Condensed Consolidated Balance Sheets		Gross Amounts Not Offset in Condensed Consolidated Balance Sheets				Net Liabilities Exposed
							Financial Instruments		Cash Collateral Pledged
Derivative liabilities:
Counterparty A	$	51	$	—	$	51	$	(51)	$	—	$	—
Counterparty B	955		—		955		(307)		—		648
Total	$	1,006	$	—	$	1,006	$	(358)	$	—	$	648

As of January 31, 2020, information related to offsetting arrangements was as follows (in thousands):

	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amounts of Assets in the Condensed Consolidated Balance Sheets		Gross Amounts Not Offset in Condensed Consolidated Balance Sheets				Net Asset Exposed
							Financial Instruments		Cash Collateral Received
Derivative assets:
Counterparty A	$	102	$	—	$	102	$	(5)	$	—	$	97
Counterparty B	581		—		581		(337)		—		244
Total	$	683	$	—	$	683	$	(342)	$	—	$	341

	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amounts of Assets in the Condensed Consolidated Balance Sheets		Gross Amounts Not Offset in Condensed Consolidated Balance Sheets				Net Liabilities Exposed
							Financial Instruments		Cash Collateral Pledged
Derivative liabilities:
Counterparty A	$	5	$	—	$	5	$	(5)	$	—	$	—
Counterparty B	337		—		337		(337)		—		—
Total	$	342	$	—	$	342	$	(342)	$	—	$	—