v2.3.0.11
Acquisition Reserves
 6 Months Ended
Jul. 30, 2011
Acquisition Reserves Disclosure [Abstract]  
Acquisition Reserves
Acquisition Reserves
 
In connection with the Company’s acquisition of Corporate Express, acquisition reserves of $181.0 million were originally established.  The activity related to this reserve (in thousands) for fiscal 2011 is as follows:
 
 
Balance as of January 29, 2011
 
Utilization
 
Foreign Exchange Fluctuations
 
Balance as of July 30, 2011
Transaction costs
$
543


 
$
(119
)
 
$
—


 
$
424


Severance
11,793


 
(2,904
)
 
350


 
9,239


Facility closures
20,287


 
(1,908
)
 
36


 
18,415


Other
9,344


 
(313
)
 
386


 
9,417


Total
$
41,967


 
$
(5,244
)
 
$
772


 
$
37,495




 
The Company believes that the reserves above should be entirely utilized by the end of fiscal year 2011, with the exception of certain payments related to facility closures that may be made over the remaining lease terms.