Commitments and Contingencies

3 Months Ended

Apr. 30, 2013

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

9. COMMITMENTS AND CONTINGENCIES

Commitments

The following table summarizes the Company’s future principal contractual obligations as of April 30, 2013 (in thousands):

			Payments Due by Period (1)
			Remainder of		Fiscal year ended January 31,
	Total		2014		2015		2016		2017			2018		Thereafter
Operating leases	$	14,448	$	2,587	$	2,842	$	2,300	$	2,188		$	1,996	$	2,535
Credit Facility:
2016 Tranche B Term Loans: due March 10, 2016		117,399		—		—				117,399	(3)		—		—
2016 Extended Term Loans: due March 10, 2016		191,101		—		—				191,101	(3)		—		—
Senior Subordinated Notes: due March 15, 2016		101,542		—		—				101,542			—		—
Interest payments on long-term debt (2)		71,438		18,403		24,481		24,481		4,073			—		—
	$	495,928	$	20,990	$	27,323	$	26,781	$	416,303		$	1,996	$	2,535

(1) This table excludes the Company’s unrecognized tax benefits totaling $3.5 million as of April 30, 2013, since the Company has determined that the timing of payments with respect to these liabilities cannot be reasonably estimated.

(2) Scheduled interest payments are calculated through the instrument’s due date and assume no principal pay-downs, borrowings or early repayments triggered by the occurrence of certain events. Scheduled interest payments on debt include the 2016 extended term loans due March 10, 2016, at an assumed annual rate of 4.20%, which is the rate in effect as of April 30, 2013, the 2016 Tranche B Term Loans due March 10, 2016, at an assumed annual rate of 5.00%, which is the rate in effect as of April 30, 2013, the commitment fee on the unutilized amount of the 2015 extended revolving credit facility due March 10, 2015, at an assumed annual rate of 0.375%, which is the rate in effect as of April 30, 2013, and the ten year senior subordinated notes due March 15, 2016, at the stated annual rate of 10.375%.

(3) Subject to springing maturity that is the 180 ^th day prior to March 10, 2016 if the Senior Subordinated Notes remain outstanding as of such springing maturity date.

Office Facility Leases

The Company leases its office facilities under operating lease agreements that expire from 2013 to 2022. The terms of the lease agreements provide for rental payments on a gradual basis. The Company recognizes rent expense on a straight-line basis over the lease period.

Long-Term Debt

As of April 30, 2013, the Company had total outstanding debt of $410.0 million. All of this debt matures in March 2016. Details of long-term debt are disclosed in Note 4 herein.

Customer Indemnification

In the ordinary course of business, the Company may provide indemnification of varying scope and terms to customers, vendors, lessors, business partners, and other parties with respect to certain matters, including, but not limited to, losses arising out of breach of agreements with such parties, services to be provided by the Company or from intellectual property infringement claims made by third parties

Legal Proceedings

The Company is involved in various legal proceedings that have arisen during the ordinary course of its business. The reasonably possible or probable range of loss from the final resolution of these matters, individually or in the aggregate, is not expected to be material.