Stockholders' Deficit

6 Months Ended

Apr. 30, 2014

Equity [Abstract]

Stockholders' Deficit

Stockholders' Deficit

October 2012 Issuance of Common Stock

In October 2012, the Company completed a public offering of 10,666,666 shares of NIC common stock at a price of $18.75 per share and received proceeds, net of underwriting discounts, commissions, and offering expenses, of $192 million. In connection with the public offering, in November 2012, the underwriters elected to exercise a portion of an over-allotment option and purchased an additional 763,534 shares of NIC common stock at a price of $18.75 per share. The Company received proceeds from the exercise of the over-allotment, net of underwriting discounts and commissions, of $14 million in the three months ended January 31, 2013.

Accumulated Other Comprehensive Loss

The following tables display the changes in Accumulated other comprehensive loss, net of tax, by component for the three and six months ended April 30, 2014:

(in millions)	Foreign Currency Translation Adjustments			Defined Benefit Plan			Total
Balance as of January 31, 2014	$	(137	)	$	(1,724	)	$	(1,861	)
Other comprehensive income (loss) before reclassifications	48			(1		)	47
Amounts reclassified out of accumulated other comprehensive loss	—			26			26
Net current-period other comprehensive income	48			25			73
Balance as of April 30, 2014	$	(89	)	$	(1,699	)	$	(1,788	)

(in millions)	Foreign Currency Translation Adjustments			Defined Benefit Plan			Total
Balance as of October 31, 2013	$	(75	)	$	(1,749	)	$	(1,824	)
Other comprehensive loss before reclassifications	(14		)	(2		)	(16		)
Amounts reclassified out of accumulated other comprehensive loss	—			52			52
Net current-period other comprehensive income (loss)	(14		)	50			36
Balance as of April 30, 2014	$	(89	)	$	(1,699	)	$	(1,788	)

The following table displays the amounts reclassified from Accumulated other comprehensive loss and the affected line item in the Consolidated Statements of Operations:

	Location in Consolidated Statements of Operations	Three Months Ended April 30, 2014			Six Months Ended April 30, 2014
Defined benefit plans
Amortization of prior service costs	Selling, general and administrative expenses	$	(1	)	$	(2	)
Amortization of actuarial loss	Selling, general and administrative expenses	27			54
	Total before tax	26			52
	Tax benefit (expense)	—			—
	Net of tax	$	26		$	52
Total reclassifications for the period, net of tax		$	26		$	52