Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2015

Schedule of estimated useful lives of the assets

Depreciation is calculated using both straight-line and accelerated methods generally over the estimated useful lives of the assets as follows:



Leasehold improvements		Lesser of remaining life of the asset or lease term
Furniture, fixtures, equipment and technology		2 – 15 years
Buildings and improvements		7 – 40 years

Schedule of rollforward of the fair value of the contingent consideration liability, including non-current and current amounts

A summary of the fair value of the contingent consideration liability, including current and non-current amounts, is as follows (in thousands):



	Fiscal 2014			Fiscal 2013		Fiscal 2012
Balance at beginning of year	$	14,725		$	14,450	$	13,145
Change in fair value of contingent consideration	275			275		6,285
Contingent consideration payments made to sellers during the year	(2,500		)	—		(4,980		)
Balance at end of year	$	12,500		$	14,725	$	14,450

Summary of financial assets and financial liabilities measured and recorded at fair value on a recurring basis

The following table summarizes financial assets and financial liabilities (in thousands) measured and recorded at fair value on a recurring basis, each of which are discussed in further detail above:



	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
January 31, 2015
Financial Assets:
Forward foreign currency exchange contracts	$	746	$	—	$	746	$	—
Financial Liabilities:
Interest rate swap agreements	$	4	$	—	$	4	$	—
Fair value of contingent consideration	$	12,500	$	—	$	—	$	12,500
February 1, 2014
Financial Liabilities:
Forward foreign currency exchange contracts	$	285	$	—	$	285	$	—
Interest rate swap agreements	$	50	$	—	$	50	$	—
Fair value of contingent consideration (current and non-current)	$	14,725	$	—	$	—	$	14,725