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Accumulated Other Comprehensive Income
12 Months Ended
Jan. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income

NOTE 16 – ACCUMULATED OTHER COMPREHENSIVE INCOME

 

The accumulated balances at January 31, 2023, 2022 and 2021, related to each component of accumulated other comprehensive income (loss) are as follows (in thousands):

 

 

 

2023

 

 

2022

 

 

2021

 

Foreign currency translation adjustments

 

$

83,005

 

 

$

84,725

 

 

$

93,166

 

Available-for-sale securities

 

 

182

 

 

 

172

 

 

 

124

 

Hedging contracts

 

 

(171

)

 

 

194

 

 

 

 

Unrecognized prior service cost related to defined benefit pension plan

 

 

(231

)

 

 

(287

)

 

 

(344

)

Net actuarial (loss)/gain related to defined benefit pension plan

 

 

(1,490

)

 

 

491

 

 

 

(406

)

Total accumulated other comprehensive income

 

$

81,295

 

 

$

85,295

 

 

$

92,540

 

 

Amounts reclassified from accumulated other comprehensive income to operating income (loss) in the Consolidated Statements of Operations during fiscal 2023, 2022 and 2021 were $2.1 million, zero and zero, respectively.