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STOCKHOLDERS' EQUITY
 6 Months Ended
Jul. 31, 2015
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS’ EQUITY
 
Dividends on Common Stock

We did not declare or pay any dividends on our common stock during the six months ended July 31, 2015 and 2014. Under the terms of our Credit Agreement, we are subject to certain restrictions on declaring and paying dividends on our common stock.

Treasury Stock
 
Repurchased shares of common stock are recorded as treasury stock, at cost. At July 31, 2015 and January 31, 2015, we held approximately 348,000 shares of treasury stock with a cost of $10.3 million.
 
We did not acquire any shares of treasury stock during the six months ended July 31, 2015. During the six months ended July 31, 2014, we acquired approximately 46,000 shares of treasury stock at a cost of $2.2 million.

Accumulated Other Comprehensive Income (Loss)
 
Accumulated other comprehensive income (loss) includes items such as foreign currency translation adjustments and unrealized gains and losses on certain marketable securities and derivative financial instruments designated as hedges. Accumulated other comprehensive income (loss) is presented as a separate line item in the stockholders’ equity section of our condensed consolidated balance sheets. Accumulated other comprehensive income (loss) items have no impact on our net income (loss) as presented in our condensed consolidated statements of operations.

The following table summarizes changes in the components of our accumulated other comprehensive income (loss) by component for the six months ended July 31, 2015:
(in thousands)
 
Unrealized (Losses) Gains on Derivative Financial Instruments Designated as Hedges
 
Unrealized Gains on Available-for-Sale Investments
 
Foreign Currency Translation Adjustments
 
Total
Accumulated other comprehensive (loss) income at January 31, 2015
 
$
(7,992
)
 
$
101

 
$
(86,444
)
 
$
(94,335
)
Other comprehensive income before reclassifications
 
3,558

 
44

 
11,511

 
15,113

Losses reclassified out of accumulated other comprehensive income (loss)
 
(5,380
)
 
—

 
—

 
(5,380
)
Net other comprehensive income, current period
 
8,938

 
44

 
11,511

 
20,493

Accumulated other comprehensive (loss) income at
July 31, 2015
 
$
946

 
$
145

 
$
(74,933
)
 
$
(73,842
)


All amounts presented in the table above are net of income taxes, if applicable. The accumulated net losses in foreign currency translation adjustments primarily reflect the strengthening of the U.S. dollar against the British pound sterling, which has resulted in lower U.S. dollar-translated balances of British pound sterling-denominated goodwill and intangible assets.

The amounts reclassified out of accumulated other comprehensive income (loss) into the condensed consolidated statement of operations, with presentation location, for the three and six months ended July 31, 2015 and 2014 were as follows:
 
 
Three Months Ended July 31,
Six Months Ended July 31,
 
Location
(in thousands)
 
2015
 
2014
 
2015
 
2014
 
 
Unrealized losses on derivative financial instruments:
 
 
 
 
 
 
 
 
 
 
Foreign currency forward contracts
 
$
(252
)
 
$
(80
)
 
$
(541
)
 
$
(145
)
 
Cost of product revenue
 
 
(232
)
 
(68
)
 
(486
)
 
(129
)
 
Cost of service and support revenue
 
 
(1,624
)
 
(596
)
 
(3,429
)
 
(1,077
)
 
Research and development, net
 
 
(764
)
 
(295
)
 
(1,609
)
 
(518
)
 
Selling, general and administrative
 
 
(2,872
)
 
(1,039
)
 
(6,065
)
 
(1,869
)
 
Total, before income taxes
 
 
322

 
98

 
685

 
133

 
Provision (benefit) for income taxes
 
 
$
(2,550
)
 
$
(941
)
 
$
(5,380
)
 
$
(1,736
)
 
Total, net of income taxes