XML 22 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholders' Equity
6 Months Ended
Jul. 31, 2013
Equity [Abstract]  
Stockholders' Equity
STOCKHOLDERS’ EQUITY
Accumulated Other Comprehensive (Loss) Gain
 
(in thousands)
July 31,
2013
 
January 31,
2013
 
July 31,
2012
Accumulated other comprehensive (loss) gain, net of tax:
 
 
 
 
 
Foreign currency translation adjustments
$
13,280

 
$
44,064

 
$
28,929

Deferred hedging loss
(3,397
)
 
(3,207
)
 
(22,342
)
Unrealized gain on marketable securities
1,744

 
1,849

 
846

Net unrealized loss on benefit plans
(130,945
)
 
(136,581
)
 
(120,735
)
 
$
(119,318
)
 
$
(93,875
)
 
$
(113,302
)

Additions to and reclassifications out of accumulated other comprehensive earnings are as follows:
 
 
Three Months Ended July 31,
 
Six Months Ended July 31,
(in thousands)
2013
 
2012
 
2013
 
2012
Foreign currency translation adjustments
$
(15,459
)
 
$
(20,967
)
 
$
(33,352
)
 
$
(21,353
)
Income tax benefit (expense)
113

 
(753
)
 
2,568

 
1,073

Foreign currency adjustments, net of tax
(15,346
)
 
(21,720
)
 
(30,784
)
 
(20,280
)
Unrealized (loss) gain on marketable securities
(1,076
)
 
5

 
190

 
1,102

Income tax benefit (expense)
156

 
(3
)
 
(295
)
 
(386
)
Unrealized (loss) gain on marketable securities, net of tax
(920
)
 
2

 
(105
)
 
716

Unrealized (loss) gain on hedging instruments
(2,232
)
 
(27,582
)
 
3,238

 
(30,371
)
Reclassification adjustment for (gain) loss included in net earnings a
(2,407
)
 
4,013

 
(3,289
)
 
7,763

Income tax benefit (expense)
1,662

 
8,993

 
(139
)
 
8,995

Unrealized gain on hedging instruments, net of tax
(2,977
)
 
(14,576
)
 
(190
)
 
(13,613
)
Amortization of net loss included in net earnings b
4,315

 
3,907

 
9,611

 
7,993

Amortization of prior service cost included in net earnings b
78

 
89

 
156

 
178

Income tax expense
(1,681
)
 
(1,546
)
 
(4,131
)
 
(3,166
)
Net unrealized gain on benefit plans, net of tax
2,712

 
2,450

 
5,636

 
5,005

Total other comprehensive loss, net of tax
$
(16,531
)
 
$
(33,844
)
 
$
(25,443
)
 
$
(28,172
)

 
a 
These (gains) losses are reclassified into Interest and other expenses and Cost of sales, net (see Note 7. Hedging Instruments for additional details).

b 
These accumulated other comprehensive income components are included in the computation of net periodic pension costs (see Note 12. Employee Benefit Plans for additional details).

The Company's Board of Directors declared quarterly dividends which totaled $0.34 and $0.32 per share of Common Stock in the three months ended July 31, 2013 and 2012 and $0.66 and $0.61 per share of Common Stock in the six months ended July 31, 2013 and 2012.