INCOME TAXES	9 Months Ended
Oct. 31, 2012
INCOME TAXES	NOTE 5 — INCOME TAXES The Company’s effective tax rate was 25.5% in the third quarter of fiscal 2013 and 29.2% in the third quarter of fiscal 2012. The Company’s effective tax rate was 28.5% in the first nine months of fiscal 2013 and 27.7% in the same period of the prior fiscal year. The fluctuations in the effective rate for both the third quarter and first nine months of fiscal 2013 compared to the same periods of the prior year are primarily the result of the relative mix of earnings and losses within the tax jurisdictions in which the Company operates. The effective tax rate during the third quarter of fiscal 2013 was most significantly affected by the decline in projected fiscal 2013 taxable income within the United States as compared to fiscal 2012. On an absolute dollar basis, the provision for income taxes decreased 31.7% to $16.1 million for the third quarter of fiscal 2013 compared to $23.6 million in the same period of fiscal 2012 and decreased 8.2% to $55.4 million for the first nine months of fiscal 2013 compared to $60.4 million in the same period of fiscal 2012. The decrease in the provision for income taxes for both the third quarter and first nine months of fiscal 2013 is primarily due to the Company’s lower taxable income for these periods in comparison with the same periods of the prior fiscal year, primarily within the United States. The effective tax rate differed from the U.S. federal statutory rate of 35.0% during these periods primarily due to the relative mix of earnings or losses within the tax jurisdictions in which the Company operates such as: i) losses in tax jurisdictions where the Company is not able to record a tax benefit; ii) earnings in tax jurisdictions where the Company has previously recorded a valuation allowance on deferred tax assets; and iii) earnings in lower-tax jurisdictions for which no U.S. taxes have been provided because such earnings are planned to be reinvested indefinitely outside the United States. The overall effective tax rate will continue to be dependent upon the geographic distribution of the Company’s earnings or losses, changes in tax laws, or interpretations of these laws in the Company’s operating jurisdictions. The Company monitors the assumptions used in estimating the annual effective tax rate and makes adjustments, if required, throughout the year. If actual results differ from the assumptions used in estimating the Company’s annual effective income tax rates, future income tax expense could be materially affected. The Company’s future effective tax rates could be adversely affected by lower earnings than anticipated in countries with lower statutory rates, changes in the relative mix of taxable income and taxable loss jurisdictions, changes in the valuation of deferred tax assets or liabilities, or changes in tax laws or interpretations thereof. The Company considers all positive and negative evidence available in determining the potential realization of deferred tax assets, including the scheduled reversal of temporary differences, recent cumulative losses, recent and future taxable income and prudent and feasible tax planning strategies. In making this determination, the Company places greater emphasis on recent cumulative losses and recent taxable income due to the inherent lack of subjectivity associated with these factors. In addition, the Company’s income tax returns are subject to continuous examination by the Internal Revenue Service and other tax authorities. The Company regularly assesses the likelihood of adverse outcomes from these examinations to determine the adequacy of the provision for income taxes. To the extent the Company prevails in matters for which accruals have been established or the Company is required to pay amounts in excess of such accruals, the Company’s effective tax rate could be materially affected.

NOTE 5 — INCOME TAXES

The Company’s effective tax rate was 25.5% in the third quarter of fiscal 2013 and 29.2% in the third quarter of fiscal 2012. The Company’s effective tax rate was 28.5% in the first nine months of fiscal 2013 and 27.7% in the same period of the prior fiscal year. The fluctuations in the effective rate for both the third quarter and first nine months of fiscal 2013 compared to the same periods of the prior year are primarily the result of the relative mix of earnings and losses within the tax jurisdictions in which the Company operates. The effective tax rate during the third quarter of fiscal 2013 was most significantly affected by the decline in projected fiscal 2013 taxable income within the United States as compared to fiscal 2012.

On an absolute dollar basis, the provision for income taxes decreased 31.7% to $16.1 million for the third quarter of fiscal 2013 compared to $23.6 million in the same period of fiscal 2012 and decreased 8.2% to $55.4 million for the first nine months of fiscal 2013 compared to $60.4 million in the same period of fiscal 2012. The decrease in the provision for income taxes for both the third quarter and first nine months of fiscal 2013 is primarily due to the Company’s lower taxable income for these periods in comparison with the same periods of the prior fiscal year, primarily within the United States.

The effective tax rate differed from the U.S. federal statutory rate of 35.0% during these periods primarily due to the relative mix of earnings or losses within the tax jurisdictions in which the Company operates such as: i) losses in tax jurisdictions where the Company is not able to record a tax benefit; ii) earnings in tax jurisdictions where the Company has previously recorded a valuation allowance on deferred tax assets; and iii) earnings in lower-tax jurisdictions for which no U.S. taxes have been provided because such earnings are planned to be reinvested indefinitely outside the United States.

The overall effective tax rate will continue to be dependent upon the geographic distribution of the Company’s earnings or losses, changes in tax laws, or interpretations of these laws in the Company’s operating jurisdictions. The Company monitors the assumptions used in estimating the annual effective tax rate and makes adjustments, if required, throughout the year. If actual results differ from the assumptions used in estimating the Company’s annual effective income tax rates, future income tax expense could be materially affected.

The Company’s future effective tax rates could be adversely affected by lower earnings than anticipated in countries with lower statutory rates, changes in the relative mix of taxable income and taxable loss jurisdictions, changes in the valuation of deferred tax assets or liabilities, or changes in tax laws or interpretations thereof. The Company considers all positive and negative evidence available in determining the potential realization of deferred tax assets, including the scheduled reversal of temporary differences, recent cumulative losses, recent and future taxable income and prudent and feasible tax planning strategies. In making this determination, the Company places greater emphasis on recent cumulative losses and recent taxable income due to the inherent lack of subjectivity associated with these factors. In addition, the Company’s income tax returns are subject to continuous examination by the Internal Revenue Service and other tax authorities. The Company regularly assesses the likelihood of adverse outcomes from these examinations to determine the adequacy of the provision for income taxes. To the extent the Company prevails in matters for which accruals have been established or the Company is required to pay amounts in excess of such accruals, the Company’s effective tax rate could be materially affected.