LONG-TERM DEBT (Tables)

6 Months Ended

Jul. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

The following table summarizes our long-term debt at July 31, 2021 and January 31, 2021:

	July 31,		January 31,
(in thousands)	2021		2021
2021 Notes	$	315,000	$	—
2014 Notes	—		386,887
2017 Term Loan	100,000		410,125
Less: unamortized debt discounts and issuance costs	(9,127)		(7,518)
Total debt	405,873		789,494
Less: current maturities	—		386,713
Long-term debt	$	405,873	$	402,781

Schedule of Components of Interest Expense

The following table presents the components of interest expense incurred on the 2021 Notes, the 2014 Notes, and on borrowings under our 2017 Credit Agreement, for the three and six months ended July 31, 2021 and 2020:

	Three Months Ended July 31,				Six Months Ended July 31,
(in thousands)	2021		2020		2021		2020
2021 Notes:
Interest expense at 0.25% coupon rate	$	197	$	—	$	245	$	—
Amortization of deferred debt issuance costs	437		—		542		—
Total Interest Expense - 2021 Notes	$	634	$	—	$	787	$	—
2014 Notes:
Interest expense at 1.50% coupon rate	$	482	$	1,486	$	1,933	$	2,986
Amortization of debt discount	—		3,174		—		6,400
Amortization of deferred debt issuance costs	131		300		522		604
Total Interest Expense - 2014 Notes	$	613	$	4,960	$	2,455	$	9,990
Borrowings under 2017 Credit Agreement:
Interest expense at contractual rates	$	537	$	3,463	$	2,297	$	7,976
Impact of interest rate swap reclassified from accumulated other comprehensive loss	—		1,121		1,014		1,712
Amortization of debt discounts	5		19		8		37
Amortization of deferred debt issuance costs	223		439		495		830
Total Interest Expense - Borrowings under Credit Agreements	$	765	$	5,042	$	3,814	$	10,555