Summary of Significant Accounting Policies (Tables)

9 Months Ended

Oct. 31, 2015

Property and equipment amortized over the estimated useful life of related assets

Depreciation and amortization expense are computed principally by the straight-line method over the following estimated useful lives:



Buildings and building equipment	20-45 years
Computer hardware, software and equipment	3-10 years
Furniture and fixtures	10 years

Carrying amounts and fair values of the Company's financial instruments

The carrying amounts and fair values of the Company’s financial instruments at October 31, 2015 and January 31, 2015 are:



Fair Values
In thousands	October 31, 2015				January 31, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Revolver Borrowings	$	148,845	$	148,750	$	—	$	—
UK Term Loans	39,268		39,197		29,155		29,126
UK Revolver Borrowings	27,015		26,845		—		—

Components of accumulated other comprehensive income

The following table summarizes the components of accumulated other comprehensive income for the nine months ended October 31, 2015:



	Foreign Currency Translation			Unrecognized Pension/Postretirement Benefit Costs			Total Accumulated Other Comprehensive Income (Loss)
(In thousands)
Balance January 31, 2015	$	(16,247	)	$	(24,329	)	$	(40,576	)
Other comprehensive income (loss) before reclassifications:
Foreign currency translation adjustment	2,360			—			2,360
Loss on intra-entity foreign currency transactions
(long-term investment nature)	(743		)	—			(743		)
Net actuarial loss	—			(762		)	(762		)
Amounts reclassified from AOCI:
Amortization of net actuarial loss (1)	—			3,894			3,894
Income tax expense	—			1,228			1,228
Current period other comprehensive income, net of tax	1,617			1,904			3,521
Balance October 31, 2015	$	(14,630	)	$	(22,425	)	$	(37,055	)

(1) Amount is included in net periodic benefit cost, which is recorded in selling and administrative expense on the Condensed Consolidated Statements of Operations.