LONG-TERM DEBT (Tables)
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3 Months Ended |
Apr. 30, 2016 |
|---|
| Long-term Debt, Unclassified [Abstract] |
|
| Summary of long-term debt |
The following table summarizes our long-term debt at April 30, 2016 and January 31, 2016: | | | | | | | | | | | | April 30, | | January 31, | (in thousands) | | 2016 | | 2016 | | | | | | 1.50% Convertible Senior Notes | | $ | 400,000 |
| | $ | 400,000 |
| February 2014 Term Loans | | 130,729 |
| | 130,729 |
| March 2014 Term Loans | | 280,413 |
| | 280,413 |
| Other debt | | 1,015 |
| | — |
| Less: Unamortized debt discounts and issuance costs | | (70,108 | ) | | (73,055 | ) | Total debt | | 742,049 |
| | 738,087 |
| Less: current maturities | | 4,171 |
| | 2,104 |
| Long-term debt | | $ | 737,878 |
| | $ | 735,983 |
|
|
| Summary of future scheduled principal payments on term loans |
As of April 30, 2016, future scheduled principal payments on the February 2014 Term Loans and March 2014 Term Loans are presented in the following table: | | | | | | | | | | (in thousands) | | February 2014 | | March 2014 | Years Ending January 31, | | Term Loans | | Term Loans | 2017 (remainder of year) | | $ | 669 |
| | $ | 1,434 |
| 2018 | | 1,337 |
| | 2,869 |
| 2019 | | 1,337 |
| | 2,869 |
| 2020 | | 127,386 |
| | 273,241 |
| Total | | $ | 130,729 |
| | $ | 280,413 |
|
|
| Schedule of components of interest expense |
The following table presents the components of interest expense incurred on the Notes and on borrowings under our Credit Agreement for the three months ended April 30, 2016 and 2015: | | | | | | | | | | | | Three Months Ended April 30, | (in thousands) | | 2016 | | 2015 | 1.50% Convertible Senior Notes: | | | | | Interest expense at 1.50% coupon rate | | $ | 1,500 |
| | $ | 1,500 |
| Amortization of debt discount | | 2,615 |
| | 2,481 |
| Amortization of deferred debt issuance costs | | 247 |
| | 234 |
| Total Interest Expense - 1.50% Convertible Senior Notes | | $ | 4,362 |
| | $ | 4,215 |
| | | | | | Borrowings under Credit Agreement: | | | | | Interest expense at contractual rates | | $ | 3,597 |
| | $ | 3,558 |
| Amortization of debt discounts | | 14 |
| | 14 |
| Amortization of deferred debt issuance costs | | 541 |
| | 507 |
| Total Interest Expense - Borrowings under Credit Agreement | | $ | 4,152 |
| | $ | 4,079 |
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