Fair Value of Financial Insruments (Tables)

6 Months Ended

Jul. 31, 2011

Fair Value of Financial Instruments [Abstract]

Financial assets and liabilities at fair value

Financial assets and liabilities carried at fair value at July 31, 2011 are classified in the tables below in one of the three categories described above:

	Carrying		Estimated Fair Value						Total Fair
(in thousands)	Value		Level 1		Level 2		Level 3		Value
Mutual funds a	$	39,564	$	39,564	$	—	$	—	$	39,564
Time deposits b		32,210		32,210		—		—		32,210
Derivatives designated as hedging instruments:
Interest rate swap agreements a		7,905		—		7,905		—		7,905
Precious metal forward contracts c		2,322		—		2,322		—		2,322
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts c		75		—		75		—		75
Total financial assets	$	82,076	$	71,774	$	10,302	$	—	$	82,076

	Carrying		Estimated Fair Value						Total Fair
(in thousands)	Value		Level 1		Level 2		Level 3		Value
Derivatives designated as hedging instruments:
Foreign exchange forward contracts d	$	8,258	$	—	$	8,258	$	—	$	8,258
Precious metal forward contracts d		146		—		146		—		146
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts d		34		—		34		—		34
Total financial liabilities	$	8,438	$	—	$	8,438	$	—	$	8,438

Financial assets and liabilities carried at fair value at July 31, 2010 are classified in the tables below in one of the three categories described above:

	Carrying		Estimated Fair Value						Total Fair
(in thousands)	Value		Level 1		Level 2		Level 3		Value
Mutual funds a	$	41,318	$	41,318	$	—	$	—	$	41,318
Time depositsb		47,949		47,949		—		—		47,949
Derivatives designated as hedging instruments:
Interest rate swap agreements a		6,901		—		6,901		—		6,901
Put option contracts c		856		—		856		—		856
Precious metal forward contracts c		1,220		—		1,220		—		1,220
Precious metal collars c		151		—		151		—		151
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts c		184		—		184		—		184
Total financial assets	$	98,579	$	89,267	$	9,312	$	—	$	98,579

	Carrying		Estimated Fair Value						Total Fair
(in thousands)	Value		Level 1		Level 2		Level 3		Value
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts d	$	452	$	—	$	452	$	—	$	452
Total financial liabilities	$	452	$	—	$	452	$	—	$	452

a	Included within Other assets, net on the Company’s Condensed Consolidated Balance Sheet.
b	Included within Short-term investments on the Company’s Condensed Consolidated Balance Sheet.
c	Included within Prepaid expenses and other current assets on the Company’s Condensed Consolidated Balance Sheet.
d	Included within Accounts payable and accrued liabilities on the Company’s Condensed Consolidated Balance Sheet.