Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Oct. 31, 2011

Fair Values and Balance Sheet Presentation of Derivative Instruments

The fair values and balance sheet presentation of our derivative instruments as of October 31, 2011 are summarized as follows:

	Location		Asset Derivatives		Liability Derivatives
Derivatives not designated as hedging instruments:
Non-designated forwards		Other receivables	$	2,038	$	(527	)

The fair values and balance sheet presentation of our derivative instruments as of January 31, 2011 are summarized as follows:

	Location		Asset Derivatives		Liability Derivatives
Derivatives designated as hedging instruments:
Cash flow forwards		Other receivables	$	575	$	(414	)
Derivatives not designated as hedging instruments:
Non-designated forwards		Other receivables		1,125		(460	)
Total derivatives			$	1,700	$	(874	)

The Hedge Balance in Accumulated Other Comprehensive Income

The hedge balance in accumulated other comprehensive income was as follows:

As of	October 31, 2011		January 31, 2011
Accumulated OCI before tax effect	$	—	$	69
Accumulated OCI after tax effect	$	—	$	(2	)

Derivatives not designated as hedging instruments

Effect of Derivative Instruments not Designated as Hedging Instruments on Income

The effect of derivative instruments not designated as hedging instruments on income is as follows:

Derivatives Not Designated as Hedging Instruments	Gain (Loss) Recognized in Income on Derivatives
	Location		Amount as of October 31, 2011			Amount as of October 31, 2010
Non-designated forwards		Other income (expense), net	$	(574	)	$	1,125

Cash Flow Hedging

Pre-tax Effect of Derivative Instruments in Cash Flow Hedging Relationships on Income and Other Comprehensive Income (OCI)

The pre-tax effect of derivative instruments in cash flow hedging relationships on income and OCI for the nine months ended October 31, 2011 is as follows:

Derivatives Designated as Hedging Instruments	Gain Recognized in OCI on Derivatives (Effective Portion)		Gain (loss) Reclassified from Accumulated OCI into Income (Effective Portion)				Gain Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
	Amount		Location	Amount			Location	Amount
Cash flow forwards	$	147	Revenues	$	(859	)	Other income (expense), net	$	65
			Operating expenses		1,074
Total	$	147		$	215			$	65

The gain on cash flow forwards of $65 recognized in other income (expense), net for the nine months ended October 31, 2011 is related to the time value exclusion of foreign currency forward contracts from our assessment of hedge effectiveness.

The pre-tax effect of derivative instruments in cash flow hedging relationships on income and OCI for the nine months ended October 31, 2010 is as follows:

Derivatives Designated as Hedging Instruments	Loss Recognized in OCI on Derivatives (Effective Portion)			Loss Reclassified from Accumulated OCI into Income (Effective Portion)				Gain Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
	Amount			Location	Amount			Location	Amount
Cash flow forwards	$	(3,117	)	Revenues	$	(657	)	Other income (expense), net	$	46
				Operating expenses		(4,079	)
Total	$	(3,117	)		$	(4,736	)		$	46