LONG-TERM DEBT (Tables)

12 Months Ended

Jan. 31, 2022

Debt Disclosure [Abstract]

Summary of Long-term Debt

The following table summarizes our long-term debt at January 31, 2022 and 2021: 

	January 31,
(in thousands)	2022		2021
2021 Notes	$	315,000	$	—
2014 Notes	—		386,887
2017 Term Loan	100,000		410,125
Less: Unamortized debt discounts and issuance costs	(8,046)		(7,518)
Total debt	406,954		789,494
Less: current maturities	—		386,713
Long-term debt	$	406,954	$	402,781

Schedule of Components of Interest Expense

The following table presents the components of interest expense incurred on the 2021 Notes, 2014 Notes, and on borrowings under our 2017 Credit Agreement for the years ended January 31, 2022, 2021, and 2020:

	Year Ended January 31,
(in thousands)	2022		2021		2020
2021 Notes:
Interest expense at 0.25% coupon rate	$	639	$	—	$	—
Amortization of deferred debt issuance costs	1,416		—		—
Total Interest Expense - 2021 Notes	$	2,055	$	—	$	—
2014 Notes:
Interest expense at 1.50% coupon rate	$	1,933	$	5,887	$	6,000
Amortization of debt discount	—		12,884		12,490
Amortization of deferred debt issuance costs	522		1,215		1,177
Total Interest Expense - 2014 Notes	$	2,455	$	19,986	$	19,667
Borrowings under 2017 Credit Agreement:
Interest expense at contractual rates	$	3,366	$	13,018	$	18,021
Impact of interest rate swap agreement	1,014		4,368		792
Amortization of debt discounts	18		74		68
Amortization of deferred debt issuance costs	930		1,811		1,569
Total Interest Expense - Borrowings under 2017 Credit Agreement	$	5,328	$	19,271	$	20,450