Summary of Significant Accounting Policies (Tables)

3 Months Ended

May 02, 2015

Accounting Policies [Abstract]

Property and equipment amortized over the estimated useful life of related assets

Depreciation and amortization expense are computed principally by the straight-line method over the following estimated useful lives:

Buildings and building equipment	20-45 years
Computer hardware, software and equipment	3-10 years
Furniture and fixtures	10 years

Carrying amounts and fair values of the Company's financial instruments

The carrying amounts and fair values of the Company’s financial instruments at May 2, 2015 and January 31, 2015 are:

Fair Values
In thousands	May 2, 2015				January 31, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Revolver Borrowings	$	—	$	—	$	—	$	—
UK Term Loans	27,750		28,138		29,155		29,126

Components of accumulated other comprehensive income

The following table summarizes the components of accumulated other comprehensive income for the three months ended May 2, 2015:

	Foreign Currency Translation			Unrecognized Pension/Postretirement Benefit Costs			Total Accumulated Other Comprehensive Income (Loss)
(In thousands)
Balance January 31, 2015	$	(16,247	)	$	(24,329	)	$	(40,576	)
Other comprehensive income (loss) before reclassifications:
Foreign currency translation adjustment	2,816			—			2,816
Gain on intra-entity foreign currency transactions
(long-term investment nature)	1,151			—			1,151
Net actuarial loss	—			(762		)	(762		)
Amounts reclassified from AOCI:
Amortization of net actuarial loss (1)	—			1,405			1,405
Income tax expense	—			252			252
Current period other comprehensive income, net of tax	3,967			391			4,358
Balance May 2, 2015	$	(12,280	)	$	(23,938	)	$	(36,218	)

(1) Amount is included in net periodic benefit cost, which is recorded in selling and administrative expense on the Condensed Consolidated Statements of Operations.