XML 54 R38.htm IDEA: XBRL DOCUMENT v3.3.1.900
Retirement Benefit Plans (Tables)
12 Months Ended
Jan. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Schedule of Changes in Projected Benefit Obligations
The changes in the projected benefit obligations and plan assets for the plans described above were as follows:
 
Fiscal year ended January 31,
 
2016
 
2015
Beginning projected benefit obligation
$
144.7

 
$
62.2

Service cost
5.7

 
4.6

Interest cost
3.3

 
3.9

Actuarial loss (gain)
6.3

 
18.8

Benefits paid
(6.5
)
 
(7.5
)
Foreign currency exchange rate changes
(10.1
)
 
(1.2
)
Curtailments and settlements
(2.2
)
 
(2.9
)
Contributions by plan participants
4.0

 
5.9

Business combinations

 
60.9

Ending projected benefit obligation
$
145.2

 
$
144.7

 
 
 
 
Beginning fair value of plan assets
$
104.2

 
$
40.7

Actual return on plan assets
1.3

 
4.1

Contributions paid by employer
4.5

 
4.9

Contributions paid by plan participants
4.0

 
5.9

Benefit payments
(6.5
)
 
(7.5
)
Curtailments and settlements

 
(2.9
)
Foreign currency exchange rate changes
(6.1
)
 
(1.2
)
Business combinations

 
60.2

Ending fair value of plan assets
$
101.4

 
$
104.2

Funded status
$
(43.8
)
 
$
(40.5
)
Schedule of Amounts Recognized in Balance Sheet
The amounts recognized on the consolidated balance sheets at the end of each period were as follows:
 
Fiscal Year Ended January 31,
 
2016
 
2015
Other long-term liabilities
$
43.8

 
$
40.5

Accumulated other comprehensive loss, before tax
32.2

 
26.6

Net amount recognized
$
76.0

 
$
67.1

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
Included in the aggregate data in the following tables are the amounts applicable to our defined benefit pension plans, with accumulated benefit obligations in excess of plan assets, as well as plans with projected benefit obligations in excess of plan assets. Amounts related to such plans at the end of each period were as follows:
 
 
Fiscal Year Ended January 31,
 
 
2016
 
2015
Plans with accumulated benefit obligations in excess of plan assets:
 
 
 
 
Accumulated benefit obligations
 
$
127.1

 
$
124.0

Plan Assets
 
101.4

 
103.9

Plans with projected benefit obligations in excess of plan assets:
 
 
 
 
Projected benefit obligations
 
$
145.2

 
$
144.7

Plan Assets
 
101.4

 
104.2

Schedule of Allocation of Plan Assets
Defined benefit pension plan assets measured at fair value on a recurring basis consisted of the following investment categories at the end of each period as follows:
 
Fiscal Year Ended January 31,
 
2016
 
2015
 
Level 1

 
Level 2

 
Level 3

 
Total
 
Total
Investment fund
$

 
$
58.5

 
$

 
$
58.5

 
$
60.6

Insurance contracts

 
42.6

 

 
42.6

 
43.5

Total assets measured at fair value

 
101.1

 

 
101.1

 
104.1

Cash
0.3

 

 

 
0.3

 
0.1

Total pension plan assets at fair value
$
0.3

 
$
101.1

 
$

 
$
101.4

 
$
104.2

Schedule of Expected Benefit Payments
Estimated benefit payments over the next 10 fiscal years are as follows:
 
Pension Benefits
2017
$
3.9

2018
3.9

2019
3.7

2020
3.5

2021
3.5

2022-2026
19.1

Schedule of Net Benefit Costs
The components of net periodic pension cost for the defined benefit pension plans for fiscal 2016, 2015, and 2014 are as follows:
 
Fiscal Year Ended January 31,
 
2016
 
2015
 
2014
Service cost for benefits earned during the period
$
5.7

 
$
4.6

 
$
5.4

Interest cost on projected benefit obligation
3.3

 
3.9

 
1.1

Expected return on plan assets
(3.9
)
 
(4.6
)


(0.8
)
Amortization of prior service credit
(0.1
)
 
(0.1
)
 
(0.1
)
Amortization of loss
1.4


0.6


1.0

Net periodic benefit cost
$
6.4

 
$
4.4

 
$
6.6

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
The components of other comprehensive income for the defined benefit pension plans before taxes for fiscal 2016, 2015, and 2014 are as follows:
 
Fiscal Year Ended January 31,
 
2016
 
2015
 
2014
Prior service credit for period
$
(2.2
)
 
$

 
$

Net loss (gain) for period
9.1

 
18.4

 
(3.9
)
Amortization of prior service credit
0.1

 
0.1

 
0.1

Amortization of net loss
(1.4
)
 
(0.6
)
 
(1.0
)
Other comprehensive loss (income)
$
5.6

 
$
17.9

 
$
(4.8
)
Schedule of Net Periodic Benefit Cost Not yet Recognized
The amounts recorded in accumulated other comprehensive loss before taxes at the end of each period were as follows:
 
Fiscal Year Ended January 31,
 
2016
 
2015
Net prior service credit
$
(3.9
)
 
$
(1.8
)
Net actuarial loss
36.1

 
28.4

Accumulated other comprehensive loss, before tax
$
32.2

 
$
26.6

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year
The estimated amounts that will be amortized from AOCI into net periodic benefit cost over the next fiscal year for the qualified defined benefit pension plans are as follows:
 
Pension Benefits
Amortization of prior service credit
$
(0.1
)
Amortization of the net loss
1.5

Total amortization
$
1.4

Schedule of Assumptions Used
Weighted average actuarial assumptions used to determine costs for the plans for each period were as follows:
 
Fiscal Year Ended January 31,
 
2016
 
2015
 
2014
Discount rate
3.2
%
 
3.3
%
 
2.3
%
Expected long-term rate of return on plan assets
3.8
%
 
3.9
%
 
1.9
%
Rate of compensation increase
2.2
%
 
2.2
%
 
2.2
%
Weighted average actuarial assumptions used to determine benefit obligations for the plans at the end of each period were as follows:
 
Fiscal Year Ended January 31,
 
2016
 
2015
 
2014
Discount rate
2.2
%
 
2.4
%
 
2.2
%
Rate of compensation increase
2.6
%
 
1.2
%
 
2.2
%