Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Jan. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of the Fair Value of Derivative Instruments

The following table summarizes the fair value of the Company’s derivative instruments on the consolidated balance sheets (in thousands):

	Balance Sheet Location	As of January 31, 2024
Derivative Assets:
Foreign currency forward contracts designated as hedging instruments	Prepaid expenses and other current assets	$	18
Total derivative assets		18
Derivative Liabilities:
Foreign currency forward contracts designated as hedging instruments	Accrued expenses and other liabilities	$	518
Total derivative liabilities		$	518

Schedule of Derivatives and the Impact on AOCI

The following table presents the activity of foreign currency forward contracts designated as hedging instruments and the impact of these derivatives on AOCI (in thousands):

	Year Ended January 31, 2024
Beginning balance	$	—
Net losses recognized in other comprehensive income	(754)
Net gains reclassified from AOCI to earnings	254
Ending balance	$	(500)