STAPLES INC | 2013 | FY | 3

Accumulated Other Comprehensive Loss

Amounts included in accumulated other comprehensive loss related to the Company's cash flow hedges and minimum pension and other post-retirement liabilities are recorded net of the related income tax effects. The following table details the changes in accumulated other comprehensive loss for 2013, 2012 and 2011 (in thousands):
 
 
Foreign Currency Translation Adjustment
 
Derivative instruments
 
Deferred Benefit Costs
 
Accumulated Other Comprehensive Loss
Balance at January 29, 2011
 
$
33,468

 
$
(517
)
 
$
(129,884
)
 
$
(96,933
)
Foreign currency translation adjustment
 
(193,785
)
 
—

 
—

 
(193,785
)
Changes in fair value of derivatives (net of taxes of $1.4 million)
 
—

 
(897
)
 
—

 
(897
)
Deferred pension and other post-retirement benefit costs (net of taxes of $2.0 million)
 
—

 
—

 
(29,617
)
 
(29,617
)
Reclassification adjustments:
 
 
 
 
 
 
 
 
Realized gain on derivatives (net of taxes of $40 thousand)
 
—

 
(608
)
 
—

 
(608
)
Amortization of deferred benefit costs (net of taxes of $1.1 million)
 
—

 
—

 
2,097

 
2,097

Balance at January 28, 2012
 
$
(160,317
)
 
$
(2,022
)
 
$
(157,404
)
 
$
(319,743
)
Foreign currency translation adjustment
 
35,604

 
—

 
—

 
35,604

Changes in fair value of derivatives (net of taxes of $1.0 million)
 
—

 
2,022

 
—

 
2,022

Deferred pension and other post-retirement benefit costs (net of taxes of $36.4 million)
 
—

 
—

 
(109,464
)
 
(109,464
)
Reclassification adjustments:
 
 
 
 
 
 
 
 
Amortization of deferred benefit costs (net of taxes of $0.9 million)
 
—

 
—

 
2,808

 
2,808

Balance at February 2, 2013
 
$
(124,713
)
 
$
—

 
$
(264,060
)
 
$
(388,773
)
Foreign currency translation adjustment
 
(127,426
)
 
—

 
—

 
(127,426
)
Curtailment of pension plans (net of taxes of $3.9 million)
 
—

 
—

 
11,573

 
11,573

Deferred pension and other post-retirement benefit costs (net of taxes of $4.4 million)
 
—

 
—

 
(9,036
)
 
(9,036
)
Reclassification adjustments:
 
 
 
 
 
 
 
 
Release of cumulative translation adjustments ("CTA") to earnings upon disposal of a foreign business
 
(3,265
)
 
—

 
—

 
(3,265
)
Amortization of deferred benefit costs (net of taxes of $4.7 million)
 
—

 
—

 
9,773

 
9,773

Balance at February 1, 2014
 
$
(255,404
)
 
$
—

 
$
(251,750
)
 
$
(507,154
)


The following table details the line items in the consolidated statements of income affected by the reclassification of deferred benefit costs, realized gains on derivatives and CTA from AOCL during 2013, 2012 and 2011 (in thousands):
 
 
Amount reclassified from AOCL
 
 
52 Weeks Ended
 
53 Weeks Ended
 
52 Weeks Ended
 
 
February 1, 2014
 
February 2, 2013
 
January 28, 2012
Selling, general and administrative
 
$
14,478

 
$
3,742

 
$
3,177

Other income (expense), net
 
—

 
—

 
648

Income before tax
 
(14,478
)
 
(3,742
)
 
(2,529
)
Income tax benefit
 
(4,705
)
 
(934
)
 
(1,040
)
Income (loss) from continuing operations
 
(9,773
)
 
(2,808
)
 
(1,489
)
Loss from discontinued operations
 
3,265

 
—

 
—

Net income
 
$
(6,508
)
 
$
(2,808
)
 
$
(1,489
)

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