14.	SHAREHOLDERS’ EQUITY

Stock Repurchase Program

In January 2008, the Board of Directors approved a stock repurchase program (“2008 Program”) authorizing the repurchase of up to 2.5 million shares of the Company’s outstanding common stock. During 2011, the Company repurchased 2.5 million shares of its outstanding common stock for $25.5 million.

On August 25, 2011, the Board of Directors approved a stock repurchase program (“2011 Program”) authorizing the repurchase of up to 2.5 million additional shares of the Company’s outstanding common stock. The Company can utilize the repurchase program to repurchase shares on the open market or in private transactions from time to time, depending on market conditions. The repurchase program does not have an expiration date. Repurchases of common stock are limited under the Company’s debt agreements. There have been no shares repurchased under the 2011 Program.

Repurchases Related to Employee Share-based Awards

During 2013 and 2012, 327,276 shares and 298,636 shares, respectively, were tendered by employees related to certain share-based awards. These shares were tendered in satisfaction of the exercise price of stock options and/or to satisfy minimum tax withholding amounts for non-qualified stock options, restricted stock and stock performance awards. Accordingly, these share repurchases are not considered a part of the Company’s publicly announced stock repurchase programs.

Accumulated Other Comprehensive Income

The following table sets forth the changes in accumulated other comprehensive income, net of tax, by component for 2013 and 2012:



							Accumulated
	Foreign						Other
	Currency		Derivative		Postretirement		Comprehensive
($ thousands)	Translation		Transactions		Transactions		Income (Loss)
Balance at January 28, 2012	$	6,449	$	74	$	3,114	$	9,637
Other comprehensive income (loss) before reclassifications		463		(402)		(9,122)		(9,061)
Amounts reclassified from accumulated other comprehensive (loss) income		–		247		61		308
Other comprehensive income (loss)		463		(155)		(9,061)		(8,753)
Balance at February 2, 2013	$	6,912	$	(81)	$	(5,947)	$	884
Other comprehensive (loss) income before reclassifications		(4,556)		1,260		19,136		15,840
Amounts reclassified from accumulated other comprehensive (loss) income		–		(441)		393		(48)
Other comprehensive (loss) income		(4,556)		819		19,529		15,792
Balance at February 1, 2014	$	2,356	$	738	$	13,582	$	16,676

The following table sets forth the reclassifications out of accumulated other comprehensive (loss) income and the related tax effect by component for 2013:



		Amounts Reclassified	Affected Line Item in the
		from Accumulated Other	Consolidated Statements
($ thousands)		Comprehensive Income (Loss)	of Earnings
Net gains from derivative financial instruments (1)	$	(670)	Costs of goods sold and selling and administrative expenses
Tax provision		229	Income tax (provision) benefit
Net gains from derivative financial instruments, net of tax		(441)

Pension and other postretirement benefits actuarial loss (2)		604	Selling and administrative expenses
Pension benefits prior service expense (2)		13	Selling and administrative expenses
Pension and other postretirement benefits adjustments		617
Tax benefit		(224)	Income tax (provision) benefit
Pension and other postretirement benefits adjustments, net of tax		393
Amounts reclassified from accumulated other comprehensive (loss) income	$	(48)

(1)

See Note 12 and Note 13 to the consolidated financial statements for additional information related to derivative financial instruments.

(2)

See Note 5 to the consolidated financial statements for additional information related to pension and other postretirement benefits.