Hedging Instruments (Tables)

9 Months Ended

Oct. 31, 2011

Hedging Instruments [Abstract]

Derivative gains and losses in the Condensed Consolidated Statements of Earnings

	Three Months Ended October 31,
	2011					2010
	Pre-Tax Gain		Pre-Tax Loss			Pre-Tax Gain		Pre-Tax Loss
	Recognized in		Recognized in			Recognized in		Recognized in
	Earnings on		Earnings on			Earnings on		Earnings on
(in thousands)	Derivatives		Hedged Item			Derivatives		Hedged Item
Derivatives in Fair Value Hedging Relationships:
Interest rate swap agreements a	$	1,845	$	(1,551	)	$	2,351	$	(2,037	)

	Nine Months Ended October 31,
	2011					2010
	Pre-Tax Gain		Pre-Tax Loss			Pre-Tax Gain		Pre-Tax Loss
	Recognized in		Recognized in			Recognized in		Recognized in
	Earnings on		Earnings on			Earnings on		Earnings on
(in thousands)	Derivatives		Hedged Item			Derivatives		Hedged Item
Derivatives in Fair Value Hedging Relationships:
Interest rate swap agreements a	$	3,595	$	(3,043	)	$	7,257	$	(6,334	)

	Three Months Ended October 31,
	2011						2010
				Amount of (Loss)						Amount of (Loss)
				Gain Reclassified			Pre-Tax (Loss)			Gain Reclassified
	Pre-Tax Loss			from Accumulated			Gain Recognized			from Accumulated
	Recognized in OCI			OCI into Earnings			in OCI			OCI into Earnings
(in thousands)	(Effective Portion)			(Effective Portion)			(Effective Portion)			(Effective Portion)
Derivatives in Cash Flow Hedging Relationships:
Foreign exchange forward contracts b	$	(4,784	)	$	(2,173	)	$	(6,812	)	$	(311	)
Put option contracts b		(17	)		(426	)		(847	)		(577	)
Precious metal collars b		—			—			385			(117	)
Precious metal forward contracts b		(6,915	)		903			1,744			504
	$	(11,716	)	$	(1,696	)	$	(5,530	)	$	(501	)

	Nine Months Ended October 31,
	2011						2010
				Amount of (Loss)						Amount of (Loss)
				Gain Reclassified			Pre-Tax (Loss)			Gain Reclassified
	Pre-Tax Loss			from Accumulated			Gain Recognized			from Accumulated
	Recognized in OCI			OCI into Earnings			in OCI (Effective			OCI into Earnings
(in thousands)	(Effective Portion)			(Effective Portion)			Portion)			(Effective Portion)
Derivatives in Cash Flow Hedging Relationships:
Foreign exchange forward contracts b	$	(14,942	)	$	(4,226	)	$	(6,169	)	$	(577	)
Put option contracts b		(78	)		(1,765	)		(2,263	)		(2,084	)
Precious metal collars b		—			607			661			(1,295	)
Precious metal forward contracts b		(4,842	)		2,718			3,114			964
	$	(19,862	)	$	(2,666	)	$	(4,657	)	$	(2,992	)

	Pre-Tax (Loss) Gain Recognized in Earnings
	on Derivative
	Three Months Ended			Three Months Ended
(in thousands)	October 31, 2011			October 31, 2010
Derivatives Not Designated as Hedging Instruments:
Foreign exchange forward contracts a	$	(124	) c	$	(161	)c
Call option contracts b		—			155
Put option contracts b		—			(195	)
	$	(124	)	$	(201	)

	Pre-Tax Gain (Loss) Recognized in Earnings
	on Derivative
	Nine Months Ended			Nine Months Ended
(in thousands)	October 31, 2011			October 31, 2010
Derivatives Not Designated as Hedging Instruments:
Foreign exchange forward contracts a	$	417	c	$	(775	)c
Call option contracts b		92			303
Put option contracts b		(92	)		(343	)
	$	417		$	(815	)

a	The gain or loss recognized in earnings is included within Interest and other expenses, net on the Company’s Condensed Consolidated Statement of Earnings.
b	The gain or loss recognized in earnings is included within Cost of sales on the Company’s Condensed Consolidated Statement of Earnings.
c	Gains or losses on the undesignated foreign exchange forward contracts substantially offset foreign exchange losses or gains on the liabilities and transactions being hedged.