Derivatives And Financial Instruments (Tables)

6 Months Ended

Jul. 31, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Derivative Positions And Respective Fair Values

The following tables summarize the Company’s derivative positions and their respective fair values as of July 31, 2012 and January 31, 2012:



	July 31, 2012
Type of Derivative	Notional Amount		Balance Sheet Classification	Fair Value
	(In thousands)
Assets
Derivatives not designated as hedging instruments
Short-term foreign currency forward	$	10,000	Prepaid expenses and other current assets	$	97
Derivatives designated as hedging instruments
Short-term foreign currency forward	10,278		Prepaid expenses and other current assets	144
Total assets				$	241
Liabilities
Derivatives designated as hedging instruments
Short-term foreign currency forward	96,570		Other current liabilities	3,703
Total liabilities				$	3,703



	January 31, 2012
Type of Derivative	Notional Amount		Balance Sheet Classification	Fair Value
	(In thousands)
Assets
Derivatives not designated as hedging instruments
Short-term foreign currency forward	$	99,319	Prepaid expenses and other current assets	$	1,214
Total assets				$	1,214
Liabilities
Derivatives not designated as hedging instruments
Short-term foreign currency forward	14,510		Other current liabilities	$	303
Derivatives designated as hedging instruments
Short-term foreign currency forward	16,907		Other current liabilities	227
Total liabilities				$	530

Schedule Of Classification Of Gains And Losses On Derivative Instruments

The following tables summarize the Company’s classification of gains and losses on derivative instruments for the three and six months ended July 31, 2012 and 2011:



	Three Months Ended July 31, 2012
	Gain (Loss)
Type of Derivative	Recognized in Other Comprehensive Income (Loss)		Reclassified from Accumulated Other Comprehensive Income into Statement of Operations ⁽¹⁾		Recognized in Other Income (Expense), Net
	(In thousands)
Derivatives not designated as hedging instruments
Foreign currency forward	$	—	$	—	$	271
Derivatives designated as hedging instruments
Foreign currency forward	2,827		115		—
Total	$	2,827	$	115	$	271



	Three Months Ended July 31, 2011
	Gain (Loss)
Type of Derivative	Recognized in Other Comprehensive Income (Loss)		Reclassified from Accumulated Other Comprehensive Income into Statement of Operations ⁽¹⁾		Recognized in Other Income (Expense), Net
	(In thousands)
Derivatives not designated as hedging instruments
Foreign currency forward	$	—	$	—	$	26
Derivatives designated as hedging instruments
Foreign currency forward	736		3,303		—
Total	$	736	$	3,303	$	26



	Six Months Ended July 31, 2012
	Gain (Loss)
Type of Derivative	Recognized in Other Comprehensive Income (Loss)		Reclassified from Accumulated Other Comprehensive Income into Statement of Operations ⁽¹⁾		Recognized in Other Income (Expense), Net
	(In thousands)
Derivatives not designated as hedging instruments
Foreign currency forward	$	—	$	—	$	131
Derivatives designated as hedging instruments
Foreign currency forward	2,616		158		—
Total	$	2,616	$	158	$	131



	Six Months Ended July 31, 2011
	Gain (Loss)
Type of Derivative	Recognized in Other Comprehensive Income (Loss)		Reclassified from Accumulated Other Comprehensive Income into Statement of Operations ⁽¹⁾		Recognized in Other Income (Expense), Net
	(In thousands)
Derivatives not designated as hedging instruments
Foreign currency forward	$	—	$	—	$	(1,907	)
Derivatives designated as hedging instruments
Foreign currency forward	5,346		5,498		—
Total	$	5,346	$	5,498	$	(1,907	)


(1)	Amounts reclassified from accumulated other comprehensive income into the statement of operations are classified as operating expenses.

Schedule Of Other Comprehensive Income ("OCI") Related To Cash Flow Hedges

The components of other comprehensive income (“OCI”) related to cash flow hedges are as follows:



	Three Months Ended July 31,						Six Months Ended July 31,
	2012			2011			2012			2011
	(In thousands)
Accumulated OCI related to cash flow hedges, beginning of the period	$	425		$	2,944		$	514		$	748
Unrealized (gains) losses on cash flow hedges	(4,828		)	84			(4,535		)	5,682
Reclassification adjustment for gains (losses) included in net gain (loss)	138			(3,324		)	(140		)	(5,553		)
Changes in accumulated OCI on cash flow hedges, before tax	(4,690		)	(3,240		)	(4,675		)	129
Other comprehensive income (loss) attributable to noncontrolling interest	1,886			659			1,816			(308		)
Deferred income tax benefit	362			210			328			4
Changes in accumulated OCI on cash flow hedges, net of tax	(2,442		)	(2,371		)	(2,531		)	(175		)
Accumulated OCI related to cash flow hedges, end of the period	$	(2,017	)	$	573		$	(2,017	)	$	573

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details