XML 19 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholders' Equity
 9 Months Ended
Oct. 31, 2013
Equity [Abstract]  
Stockholders' Equity
STOCKHOLDERS’ EQUITY
Accumulated Other Comprehensive (Loss) Earnings
 
(in thousands)
October 31,
2013
 
January 31,
2013
 
October 31,
2012
Accumulated other comprehensive (loss) earnings,
net of tax:
 
 
 
 
 
Foreign currency translation adjustments
$
32,835

 
$
44,064

 
$
44,267

Deferred hedging loss
(4,806
)
 
(3,207
)
 
(16,824
)
Unrealized gain on marketable securities
3,726

 
1,849

 
1,493

Net unrealized loss on benefit plans
(127,932
)
 
(136,581
)
 
(118,256
)
 
$
(96,177
)
 
$
(93,875
)
 
$
(89,320
)












Additions to and reclassifications out of accumulated other comprehensive earnings are as follows:
 
 
Three Months Ended 
 October 31,
 
Nine Months Ended 
 October 31,
(in thousands)
2013
 
2012
 
2013
 
2012
Foreign currency translation adjustments
$
19,706

 
$
15,029

 
$
(13,646
)
 
$
(6,324
)
Income tax (expense) benefit
(151
)
 
309

 
2,417

 
1,382

Foreign currency adjustments, net of tax
19,555

 
15,338

 
(11,229
)
 
(4,942
)
Unrealized gain on marketable securities
2,595

 
989

 
2,785

 
2,091

Reclassification adjustment for loss included in net earnings a
—

 
6

 
—

 
6

Income tax expense
(613
)
 
(348
)
 
(908
)
 
(734
)
Unrealized gain on marketable securities, net of tax
1,982

 
647

 
1,877

 
1,363

Unrealized gain (loss) on hedging instruments
2,821

 
5,658

 
6,059

 
(24,713
)
Reclassification adjustment for (gain) loss included in net earnings b
(4,825
)
 
3,141

 
(8,114
)
 
10,904

Income tax benefit (expense)
595

 
(3,281
)
 
456

 
5,714

Unrealized (loss) gain on hedging instruments, net of tax
(1,409
)
 
5,518

 
(1,599
)
 
(8,095
)
Amortization of net loss included in net earnings c
4,806

 
3,956

 
14,417

 
11,949

Amortization of prior service cost included in net earnings c
78

 
89

 
234

 
267

Income tax expense
(1,871
)
 
(1,566
)
 
(6,002
)
 
(4,732
)
Net unrealized gain on benefit plans, net of tax
3,013

 
2,479

 
8,649

 
7,484

Total other comprehensive earnings (loss), net of tax
$
23,141

 
$
23,982

 
$
(2,302
)
 
$
(4,190
)

 
a
These losses are reclassified into Interest and other expenses, net.
b 
These (gains) losses are reclassified into Interest and other expenses and Cost of sales, net (see Note 7. Hedging Instruments for additional details).
c 
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 October 31, 2013 and 2012 and $1.00 and $0.93 per share of Common Stock in the nine months ended October 31, 2013 and 2012.