Income Taxes (Tables)

12 Months Ended

Jan. 31, 2013

Schedule of (Loss) Income from Continuing Operations Before Income Taxes

(Loss) income from continuing operations before income taxes consisted of the following:

	Years Ended January 31,
(in thousands)	2013			2012			2011
Domestic		(58,593	)	$	(95,949	)	$	11,677
Foreign		39,370			52,441			39,200
Total	$	(19,223	)	$	(43,508	)	$	50,877

Components of Income Tax (Benefit) Expense from Continuing Operations

Components of income tax (benefit) expense from continuing operations were as follows:

	Years Ended January 31,
(in thousands)	2013			2012			2011
Currently due:
U.S. federal	$	(514	)	$	6,284		$	7,676
State and local		(178	)		1,853			2,566
Foreign		13,847			20,349			13,279
		13,155			28,486			23,521
Deferred:
U.S. federal		(19,410	)		(16,384	)		(1,686	)
State and local		(1,398	)		(3,742	)		(716	)
Foreign		(623	)		1,261			434
		(21,431	)		(18,865	)		(1,968	)
Total	$	(8,276	)	$	9,621		$	21,553

Schedule of Deferred Income Taxes

The sources of these differences and their cumulative tax effects were as follows as of January 31:

	2013									2012
(in thousands)	Assets			Liabilities			Total			Assets			Liabilities			Total
Contract income	$	2,563		$	-		$	2,563		$	2,002		$	-		$	2,002
Inventories		1,316			(392	)		924			1,132			(338	)		794
Accrued insurance		4,212			-			4,212			3,502			-			3,502
Other accrued liabilities		5,849			-			5,849			4,967			-			4,967
Prepaid expenses		-			(1,116	)		(1,116	)		-			(950	)		(950	)
Bad debts		2,814			-			2,814			3,137			-			3,137
Employee compensation		9,575			-			9,575			8,149			-			8,149
Tax loss carry forward		2,735						2,735			-			-			-
Other		527			(48	)		479			465			(171	)		294
Total current		29,591			(1,556	)		28,035			23,354			(1,459	)		21,895
Valuation allowance		(2,835	)		-			(2,835	)		-			-			-
Cumulative translation adjustment		4,528			-			4,528			4,049			-			4,049
Buildings, machinery and equipment		798			(18,059	)		(17,261	)		307			(21,939	)		(21,632	)
Gas transportation facilities and equipment		-			-			-			-			(7,992	)		(7,992	)
Mineral interests and oil and gas properties		-			-			-			-			(1,428	)		(1,428	)
Intangible assets		2,410			(1,955	)		455			1,448			(2,067	)		(619	)
Tax deductible goodwill		4,916			-			4,916			6,163			-			6,163
Accrued insurance		5,026			-			5,026			5,148			-			5,148
Retirement benefits		2,201			-			2,201			1,776			-			1,776
Share-based compensation		5,988			-			5,988			5,367			-			5,367
Tax loss carry forward		4,791						4,791			1,584			-			1,584
Foreign tax credit carry forward		20,954			-			20,954			9,500			-			9,500
Unremitted foreign earnings		-			(3,636	)		(3,636	)		-			(3,087	)		(3,087	)
Other		1,534			-			1,534			2,372			-			2,372
Total noncurrent		53,146			(23,650	)		29,496			37,714			(36,513	)		1,201
Valuation allowance		(6,519	)		-			(6,519	)		(11,084	)		-			(11,084	)
Total	$	73,383		$	(25,206	)	$	48,177		$	49,984		$	(37,972	)	$	12,012

Reconciliation of Income Tax Expense to Statutory Federal Rate

A reconciliation of the total income tax (benefit) expense from continuing operations to the statutory federal rate is as follows for the years ended January 31:

	2013						2012						2011
(in thousands)	Amount			Effective Rate			Amount			Effective Rate			Amount			Effective Rate
Income tax at statutory rate	$	(6,728	)		35.0	%	$	(15,228	)		35.0	%	$	17,806			35.0	%
State income tax, net		(1,024	)		5.3			(1,228	)		2.8			1,203			2.4
Difference in tax expense resulting from:
Nondeductible goodwill impairment		-			-			22,500			(51.7	)		-			-
Nondeductible expenses		960			(5.0	)		1,257			(2.9	)		1,078			2.1
Loss on remeasurement of equity method investment		2,697			(14.0	)					-						-
Taxes on foreign affiliates		(4,707	)		24.5			(7,141	)		16.4			(4,106	)		(8.1	)
Taxes on foreign operations		1,965			(10.2	)		10,192			(23.4	)		7,833			15.4
Cash surrender value of life insurance		(567	)		3.0			87			(0.2	)		(260	)		(0.5	)
Qualified production activity deduction		-			-			(662	)		1.5			(980	)		(1.9	)
Other		(872	)		4.5			(156	)		0.4			(1,021	)		(2.0	)
Total	$	(8,276	)		43.1	%	$	9,621			(22.1	) %	$	21,553			42.4	%

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

(in thousands)	2013			2012			2011
Balance, beginning of year	$	13,322		$	12,016		$	9,312
Additions based on tax positions related to current year		2,501			2,534			1,734
Additions for tax positions of prior years		34			637			1,051
Additions related to acquired subsidiaries		1,387			-			982
Impact of changes in exchange rate		-			130			265
Settlement with tax authorities		(1,087	)		(1,070	)		(46	)
Reductions for tax positions of prior years		-			(214	)		(13	)
Reductions due to the lapse of statutes of limitation		(2,774	)		(711	)		(1,269	)
Balance, end of year	$	13,383		$	13,322		$	12,016