STOCKHOLDERS' EQUITY
 3 Months Ended
Apr. 30, 2018
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS’ EQUITY
 
Dividends on Common Stock

We did not declare or pay any dividends on our common stock during the three months ended April 30, 2018 and 2017. Under the terms of our 2017 Credit Agreement, we are subject to certain restrictions on declaring and paying dividends on our common stock.

Share Repurchase Program

On March 29, 2016, we announced that our board of directors had authorized a common stock repurchase program of up to $150.0 million over two years. This program expired on March 29, 2018. We made a total of $46.9 million in repurchases under the program.

Treasury Stock
 
Repurchased shares of common stock are recorded as treasury stock, at cost, but may from time to time be retired. We periodically purchase treasury stock from directors, officers, and other employees to facilitate income tax withholding by us or the payment of required income taxes by such holders in connection with the vesting of equity awards.

During the three months ended April 30, 2018, we acquired approximately 4,000 shares of treasury stock for a cost of $0.2 million. We did not acquire any treasury stock during the three months ended April 30, 2017.

At April 30, 2018, we held approximately 1,665,000 shares of treasury stock with a cost of $57.6 million. At January 31, 2018, we held approximately 1,661,000 shares of treasury stock with a cost of $57.4 million.

Accumulated Other Comprehensive Income (Loss)
 
Accumulated other comprehensive income (loss) includes items such as foreign currency translation adjustments and unrealized gains and losses on certain marketable securities and derivative financial instruments designated as hedges. Accumulated other comprehensive income (loss) is presented as a separate line item in the stockholders’ equity section of our condensed consolidated balance sheets. Accumulated other comprehensive income (loss) items have no impact on our net income (loss) as presented in our condensed consolidated statements of operations.

The following table summarizes changes in the components of our accumulated other comprehensive income (loss) by component for the three months ended April 30, 2018:
(in thousands)
 
Unrealized Gains (Losses) on Foreign Exchange Contracts Designated as Hedges
 
Unrealized Gain on Interest Rate Swap Designated as Hedge
 
Foreign Currency Translation Adjustments
 
Total
Accumulated other comprehensive income (loss) at January 31, 2018
 
$
3,312

 
$
—

 
$
(106,772
)
 
$
(103,460
)
Other comprehensive (loss) income before reclassifications
 
(6,114
)
 
220

 
(13,677
)
 
(19,571
)
Gains reclassified out of accumulated other comprehensive income (loss)
 
390

 
—

 
—

 
390

Net other comprehensive (loss) income, current period
 
(6,504
)
 
220

 
(13,677
)
 
(19,961
)
Accumulated other comprehensive (loss) income at April 30, 2018
 
$
(3,192
)
 
$
220

 
$
(120,449
)
 
$
(123,421
)


All amounts presented in the table above are net of income taxes, if applicable. The accumulated net losses in foreign currency translation adjustments primarily reflect the strengthening of the U.S. dollar against the British pound sterling, which has resulted in lower U.S. dollar-translated balances of British pound sterling-denominated goodwill and intangible assets.

The amounts reclassified out of accumulated other comprehensive income (loss) into the condensed consolidated statement of operations, with presentation location, for the three months ended April 30, 2018 and 2017 were as follows:
 
 
Three Months Ended
April 30,
 
 
(in thousands)
 
2018
 
2017
 
Location
Unrealized gains on derivative financial instruments:
 
 
 
 
 
 
Foreign currency forward contracts
 
$
37

 
$
86

 
Cost of product revenue
 
 
40

 
75

 
Cost of service and support revenue
 
 
220

 
482

 
Research and development, net
 
 
136

 
278

 
Selling, general and administrative
 
 
433

 
921

 
Total, before income taxes
 
 
(43
)
 
(92
)
 
Provision for income taxes
 
 
$
390

 
$
829

 
Total, net of income taxes