DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Jan. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The fair values of our derivative financial instruments and their classifications in our consolidated balance sheets as of January 31, 2024 and 2023 were as follows:


		January 31,
(in thousands)	Balance Sheet Classification	2024		2023
Derivative assets:
Foreign currency forward contracts:
Designated as cash flow hedges	Prepaid expenses and other current assets	$	1,778	$	288
Not designated as hedging instruments	Prepaid expenses and other current assets	14		—
Total derivative assets		$	1,792	$	288

Derivative liabilities:
Foreign currency forward contracts:
Designated as cash flow hedges	Accrued expenses and other current liabilities	$	177	$	914
Not designated as hedging instruments	Accrued expenses and other current liabilities	46		678
Total derivative liabilities		$	223	$	1,592

Schedule of the Effects of Derivatives Designated as Cash Flow Hedges

The effects of derivative financial instruments designated as cash flow hedges on accumulated other comprehensive loss (“AOCL”) and on the consolidated statement of operations for the years ended January 31, 2024, 2023, and 2022, were as follows:


	Year Ended January 31,
(in thousands)	2024		2023		2022
Net (losses) gains recognized in AOCL:
Foreign currency forward contracts	$	(2,228)	$	16	$	1,169

Net (losses) gains reclassified from AOCL to the consolidated statement of operations:
Foreign currency forward contracts	$	(6,484)	$	(6,131)	$	2,314

Schedule of Derivatives Not Designated as Hedging Instruments

in our consolidated statements of operations for the years ended January 31, 2024, 2023, and 2022, were as follows:


	Classification in Consolidated Statements of Operations	Year Ended January 31,
(in thousands)		2024		2023		2022
Foreign currency forward contracts	Other (expense) income, net	$	(330)	$	(426)	$	133