Basis of Presentation (Tables)

9 Months Ended

Oct. 31, 2015

Effect of Retrospective Application of Change in Accounting Principle on Company's Consolidated Balance Sheets

The reclassification did not impact net income (loss) previously reported or any prior amounts reported on the Consolidated Statements of Operations. The following table presents the effect of the retrospective application of this change in accounting

principle on the Company’s Consolidated Balance Sheets as of January 31, 2015.

	As Reported		Effect of Change in			After Change in
Consolidated Balance Sheets (in thousands)	January 31, 2015		Accounting Principle			Accounting Principle
ASSETS:
Current assets:
Prepaid expenses and other current assets	$	9,190	$	(277	)	$	8,913
Total current assets		132,615		(277	)		132,338
Noncurrent assets:
Other assets		4,849		(942	)		3,907
Total assets		261,100		(1,219	)		259,881

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt	$	7,489	$	(154	)	$	7,335
Borrowings under credit facility		19,402		(585	)		18,817
Total current liabilities		90,307		(739	)		89,568
Long-term liabilities:
Long-term debt, net of current portion		26,651		(480	)		26,171
Total long-term liabilities		78,403		(480	)		77,923
Total liabilities and stockholders' equity		261,100		(1,219	)		259,881

Other Comprehensive Income and Reclassifications from AOCI

Other comprehensive income and reclassifications from AOCI for the three and nine months ended October 31, 2015 and November 1, 2014, respectively, are as follows:

	October 31, 2015									November 1, 2014
For the three months ended:	(in thousands)
	Pension Plans			Foreign Currency			Total			Pension Plans			Foreign Currency			Total
Balance at beginning of the quarter	$	(7,282	)	$	(381	)	$	(7,663	)	$	(4,270	)	$	94		$	(4,176	)

Other comprehensive income (loss) before reclassifications, net of taxes		94			(32	)		62			82			(144	)		(62	)

Amounts reclassified from accumulated other comprehensive income, net of taxes ⁽¹⁾		162			—			162			65			—			65

Other comprehensive income (loss) for the period		256			(32	)		224			147			(144	)		3

Balance at end of quarter	$	(7,026	)	$	(413	)	$	(7,439	)	$	(4,123	)	$	(50	)	$	(4,173)

	October 31, 2015									November 1, 2014
For the nine months ended:	(in thousands)
	Pension Plans			Foreign Currency			Total			Pension Plans			Foreign Currency			Total
Balance at beginning of fiscal year	$	(7,795	)	$	(443	)	$	(8,238	)	$	(4,547	)	$	(13	)	$	(4,560	)

Other comprehensive income (loss) before reclassifications, net of taxes		284			30			314			246			(37	)		209

Amounts reclassified from accumulated other comprehensive income, net of taxes ⁽¹⁾		485			—			485			178			—			178

Other comprehensive income (loss) for the period		769			30			799			424			(37	)		387

Balance at end of quarter	$	(7,026	)	$	(413	)	$	(7,439	)	$	(4,123	)	$	(50	)	$	(4,173)

(1)

Includes the amortization of the unrecognized (gain)/loss on pension plans which was charged to “Selling, General and Administrative” Expense on the Consolidated Statements of Operations for all periods presented. The amortization of the unrecognized loss, before tax, was $162,000 and $65,000 for the three months ended October 31, 2015 and November 1, 2014, respectively, and $485,000 and $178,000 for the nine months ended October 31, 2015 and November 1, 2014, respectively. There was no tax benefit for any period.