Fair Value of Financial Insruments (Tables)

9 Months Ended

Oct. 31, 2011

Fair Value of Financial Instruments [Abstract]

Financial assets and liabilities at fair value

Financial assets and liabilities carried at fair value at October 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	$	38,561	$	38,561	$	—	$	—	$	38,561
Time deposits b		18,253		18,253		—		—		18,253
Derivatives designated as hedging instruments:
Interest rate swap agreements a		660		—		660		—		660
Precious metal forward contracts c		2,110		—		2,110		—		2,110
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts c		355		—		355		—		355
Total financial assets	$	59,939	$	56,814	$	3,125	$	—	$	59,939

	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	$	8,691	$	—	$	8,691	$	—	$	8,691
Precious metal forward contracts d		5,580		—		5,580		—		5,580
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts d		63		—		63		—		63
Total financial liabilities	$	14,334	$	—	$	14,334	$	—	$	14,334

Financial assets and liabilities carried at fair value at October 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	$	42,939	$	42,939	$	—	$	—	$	42,939
Time deposits b		47,254		47,254		—		—		47,254
Derivatives designated as hedging instruments:
Interest rate swap agreements a		9,253		—		9,253		—		9,253
Precious metal forward contracts c		1,371		—		1,371		—		1,371
Precious metal collars c		242		—		242		—		242
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts c		107		—		107		—		107
Put option contracts c		208		—		208		—		208
Total financial assets	$	101,374	$	90,193	$	11,181	$	—	$	101,374

	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	$	5,825	$	—	$	5,825	$	—	$	5,825
Derivatives not designated as hedging instruments:
Call option contracts d		208		—		208		—		208
Foreign exchange forward contracts d		128		—		128		—		128
Total financial liabilities	$	6,161	$	—	$	6,161	$	—	$	6,161

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.