Acquisition Reserves

9 Months Ended

Oct. 29, 2011

Acquisition Reserves Disclosure [Abstract]

Acquisition Reserves

Acquisition Reserves

In connection with the Company’s acquisition of Corporate Express, acquisition reserves of $181.0 million were originally established.  The activity related to this reserve (in thousands) for fiscal 2011 is as follows:

	Balance as of January 29, 2011		Utilization			Foreign Exchange Fluctuations		Balance as of October 29, 2011
Transaction costs	$	543	$	(119	)	$	—	$	424
Severance	11,793		(3,293		)	272		8,772
Facility closures	20,287		(3,252		)	27		17,062
Other	9,344		(347		)	316		9,313
Total	$	41,967	$	(7,011	)	$	615	$	35,571

The Company believes that the majority of the reserves should be utilized by the end of fiscal year 2011, with the exception of certain payments related to facility closures that may be made over the remaining lease terms.