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Other Income (Expense), Net
 12 Months Ended
Jan. 31, 2014
Other Income (Expense), Net
Other Income (Expense), Net
Other income (expense), net was comprised of the following:
 
Year ended January 31,
2014
 
2013
 
2012
Interest income
$
2,360

 
$
1,944

 
$
2,195

Foreign currency exchange loss
(1,872
)
 
(2,394
)
 
(718
)
Gain on conversion of equity method investment to controlling interest
—

 
—

 
1,519

Other, net
(1,008
)
 
(982
)
 
(1,420
)
Other income (expense), net
$
(520
)
 
$
(1,432
)
 
$
1,576


In fiscal 2012, we exchanged one of our product lines for a controlling interest in a privately-held company. Prior to acquiring this controlling interest, we had a noncontrolling interest, which was accounted for under the equity method of accounting. As a result of this transaction, we recognized a gain of $1,519 to adjust the carrying value of our equity method investment in the company to its fair value based on an income approach valuation method.