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Derivative Financial Instruments (Tables)

12 Months Ended

Feb. 02, 2014

Effect of Derivative Instruments in Consolidated Financial Statements

The effect of derivative instruments in our Consolidated Financial Statements was as follows:

Dollars in thousands		Fiscal 2013 (52 Weeks)
Net gain recognized in OCI		$	870
Net gain reclassified from OCI into cost of goods sold			129
Net foreign exchange loss recognized in other income (expense):
Instruments designated as cash flow hedges(a)			(109	)
Instruments not designated or de-designated during the period(b)			906

^(a)  Changes in fair value of the forward contract related to interest charges or “forward points.”

^(b)  Changes in fair value subsequent to de-designation for instruments no longer designated as cash flow hedges, and changes in fair value related to instruments not designated as cash flow hedges.

Fair Values of Derivative Instruments

The fair values of our derivative financial instruments are presented below. All fair values were measured using Level 2 inputs as defined by the fair value hierarchy described in Note N.

Dollars in thousands		Balance sheet location		Feb. 2, 2014
Derivatives designated as hedging instruments:
Cash flow hedge foreign currency forward contracts		Other current assets		$	485
Cash flow hedge foreign currency forward contracts		Other current liabilities			0
Total				$	485
Derivatives not designated as hedging instruments:
Foreign currency forward contracts		Other current assets		$	222
Foreign currency forward contracts		Other current liabilities			(40	)
Total				$	182

Amounts Recorded within Accumulated Other Comprehensive Income Associated with Derivative Instruments

Amounts recorded within accumulated other comprehensive income (“AOCI”) associated with our derivative instruments were as follows:

Dollars in thousands		Fiscal 2013 (52 Weeks)
AOCI beginning balance amount of gain (loss)		$	0
Amounts recognized in OCI before reclassifications			870
Amounts reclassified from OCI into cost of goods sold			(129	)
AOCI ending balance amount of gain (loss)		$	741

X

- Definition

Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4C

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959

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X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4A

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4C

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959

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X

- Definition

Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4A

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959

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