Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Jan. 31, 2019

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

NOTE 3 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Other comprehensive income (loss) refers to revenue, expenses, gains, and losses that under GAAP are recorded as an element of shareholders' equity but are excluded from net income. The changes in the components of accumulated other comprehensive income (loss) (AOCI) are shown below:

	Cumulative foreign currency translation adjustment			Postretirement benefits			Total
Balance at January 31, 2017	$	(2,427	)	$	(1,249	)	$	(3,676	)
Other comprehensive income before reclassifications	1,234			$	—		1,234
Amounts reclassified from accumulated other comprehensive income (loss) after tax benefit of $44	—			(131		)	(131		)
Balance at January 31, 2018	$	(1,193	)	$	(1,380	)	$	(2,573	)
Other comprehensive (loss) before reclassifications	(1,045		)	—			(1,045		)
Reclassification due to ASU 2018-02 adoption	—			(280		)	(280		)
Amounts reclassified from accumulated other comprehensive income (loss) after tax (expense) of ($99)	—			342			342
Balance at January 31, 2019	$	(2,238	)	$	(1,318	)	$	(3,556	)

Postretirement benefit cost components are reclassified in their entirety from accumulated other comprehensive loss to net periodic benefit cost. Net periodic benefit costs are reported in net income in accordance with ASU 2017-07 "Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Postretirement Benefit Cost" (ASU 2017-07) further described in Note 1 "Summary of Significant Accounting Policies" of the Notes to the Consolidated Financial Statements. Service cost is reported in net income as “Cost of sales” or “Selling, general, and administrative expenses” in a manner consistent with the classification of direct labor and personnel costs of the eligible employees. Interest cost, amortization of actuarial gains or losses, and amortization of prior service cost is classified as a non-operating expense in "Other income (expense), net" on the Consolidated Statements of Income and Comprehensive Income.