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Hedging Instruments (Tables)
6 Months Ended
Jul. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Information on Location and Amounts of Derivative Gains and Losses in Condensed Consolidated Financial Statements
Information on the location and amounts of derivative gains and losses in the condensed consolidated financial statements is as follows:
 
 
Three Months Ended July 31,
 
 
2014
 
2013
(in thousands)
 
Pre-Tax Gain
Recognized
in OCI 
(Effective
Portion)
 
Pre-Tax Gain (Loss)
Reclassified 
from
Accumulated 
OCI into 
Earnings
(Effective 
Portion)
 
Pre-Tax Gain
(Loss) 
Recognized
in OCI 
(Effective
Portion)
 
Pre-Tax Gain (Loss)
Reclassified 
from
Accumulated 
OCI into 
Earnings
(Effective 
Portion)
Derivatives in Cash Flow Hedging Relationships:
 
 
 
 
 
 
 
 
Foreign exchange forward contracts a
 
$
591

 
$
5,474

 
$
191

 
$
3,139

Put option contracts a
 

 

 
(8
)
 
662

Precious metal forward contracts a
 
1,396

 
(1,237
)
 
(2,415
)
 
(1,008
)
Forward-starting interest rate swaps b
 

 
(369
)
 

 
(386
)
 
 
$
1,987

 
$
3,868

 
$
(2,232
)
 
$
2,407


 
 
Six Months Ended July 31,
 
 
2014
 
2013
(in thousands)
 
Pre-Tax Gain
Recognized
in OCI 
(Effective
Portion)
 
Pre-Tax Gain (Loss)
Reclassified 
from
Accumulated 
OCI into 
Earnings
(Effective 
Portion)
 
Pre-Tax Gain
(Loss) 
Recognized
in OCI 
(Effective
Portion)
 
Pre-Tax Gain (Loss)
Reclassified 
from
Accumulated 
OCI into 
Earnings
(Effective 
Portion)
Derivatives in Cash Flow Hedging Relationships:
 
 
 
 
 
 
 
 
Foreign exchange forward contracts a
 
$
447

 
$
12,847

 
$
9,367

 
$
5,068

Put option contracts a
 

 

 
1,270

 
930

Precious metal forward contracts a
 
1,808

 
(2,740
)
 
(7,399
)
 
(1,933
)
Forward-starting interest rate swaps b
 

 
(742
)
 

 
(776
)
 
 
$
2,255

 
$
9,365

 
$
3,238

 
$
3,289

a 
The gain or loss recognized in earnings is included within Cost of sales.
b 
The gain or loss recognized in earnings is included within Interest and other expenses, net.