XML 35 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Apr. 30, 2014
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring
The assets and liabilities which are measured at fair value on a recurring basis as of April 30, 2014 and January 31, 2014 are as follows:
 
April 30, 2014
 
January 31, 2014
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(in thousands)
 
(in thousands)
Financial Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
$

 
$

 
$

 
$

 
$

 
$
436

 
$

 
$
436

Total Financial Assets
$

 
$

 
$

 
$

 
$

 
$
436

 
$

 
$
436

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap
$

 
$
1,222

 
$

 
$
1,222

 
$

 
$
1,227

 
$

 
$
1,227

Foreign currency contracts

 
410

 

 
410

 

 
211

 

 
211

Total Financial Liabilities
$

 
$
1,632

 
$

 
$
1,632

 
$

 
$
1,438

 
$

 
$
1,438

Fair Value, by Balance Sheet Grouping
The following table provides details on the Senior Convertible Notes as of April 30, 2014 and January 31, 2014. The difference between the face value and the carrying value of these notes is the result of the allocation between the debt and equity components. Fair value of the Senior Convertible Notes was estimated based on Level 2 fair value inputs.
 
April 30, 2014
 
January 31, 2014
 
Estimated Fair Value
 
Carrying Value
 
Face Value
 
Estimated Fair Value
 
Carrying Value
 
Face Value
 
(in thousands)
 
(in thousands)
Senior convertible notes
$
130,835

 
$
129,728

 
$
150,000

 
$
128,522

 
$
128,893

 
$
150,000