v3.26.1
Stockholders' equity
 3 Months Ended
Apr. 30, 2026
Equity [Abstract]  
Stockholders' equity Stockholders' equity
Stock repurchase program
In August 2024, the Company's board of directors authorized the repurchase of up to $300 million of its common stock. In June 2025, the board of directors increased the common stock repurchase authorization by $300 million.
The common stock may be repurchased at prices that the Company deems appropriate and subject to market conditions, applicable law, and other factors deemed relevant in the Company's sole discretion. Such repurchases may be effected through open market purchases, privately negotiated transactions or otherwise, including repurchase plans that satisfy the conditions of Rule 10b5-1 under the Securities Exchange Act of 1934. The common stock repurchase program does not obligate the Company to repurchase any dollar amount or number of shares of common stock and may be suspended or discontinued at any time.
The following table sets forth the common stock repurchased and subsequently retired during the three months ended April 30, 2026:
Three months ended April 30, 2026
(in thousands)
SharesAmount
Common stock repurchases (1)1,522$122,998 
(1)Shares repurchased include unsettled repurchases as of April 30, 2026. Transaction fees and excise tax were recorded as part of the repurchase price.
All repurchases were made in open market transactions. The excess of repurchase price over par value was allocated between additional paid-in capital and retained earnings. As of April 30, 2026, $55.6 million of common stock remained authorized for repurchase under the common stock repurchase program.
In May 2026, the board of directors increased the common stock repurchase authorization by $1.0 billion.
Accumulated other comprehensive loss
As of April 30, 2026, accumulated other comprehensive income or loss ("AOCI") consisted of unrealized losses on cash flow hedges, net. The following table summarizes the changes in AOCI:
(in thousands)Change in unrealized losses on cash flow hedgesIncome tax benefitTotal
Balances as of January 31, 2026
$(7,561)$1,854 $(5,707)
Other comprehensive loss before reclassifications(34,312)8,415 (25,897)
Amounts reclassified from AOCI(196)48 (148)
Net change in AOCI(34,508)8,463 (26,045)
Balances as of April 30, 2026
$(42,069)$10,317 $(31,752)