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Subsequent Events
9 Months Ended
Oct. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On November 9, 2015, the Company entered into an agreement to purchase, for approximately $29 million, the facility that the Company currently leases to house its U.S. distribution center. The purchase is expected to be completed during the fourth quarter of fiscal 2016. The Company is evaluating whether it will finance this purchase with cash, borrowings (through current credit facilities or new arrangements) or a combination thereof.
On November 24, 2015, the Company announced a regular quarterly cash dividend of $0.225 per share on the Company’s common stock. The cash dividend will be paid on December 24, 2015 to shareholders of record as of the close of business on December 9, 2015.