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Derivative Financial Instruments (Tables) | 12 Months Ended
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Feb. 01, 2015
Foreign Currency Forward Contracts Outstanding | As of February 1, 2015, and February 2, 2014, we had foreign currency forward contracts outstanding (in U.S. dollars) as follows:
In thousands |  | Feb. 1, 2015 |  |  | Feb. 2, 2014 |
Contracts to sell Canadian dollars and buy U.S. dollars |  |  |  |  |  |  |  |
Contracts designated as cash flow hedges |  | $ | 15,900 |  |  | $ | 16,500 |
Contracts not designated as cash flow hedges 1 |  | $ | 0 |  |  | $ | 3,500 |
Contracts to sell Australian dollars and buy U.S. dollars |  |  |  |  |  |  |  |
Contracts not designated as cash flow hedges |  | $ | 21,000 |  |  | $ | 5,500 |
1 | These contracts are no longer designated as cash flow hedges as the related inventory purchases have occurred.
Effect of Derivative Instruments in Consolidated Financial Statements | The effect of derivative instruments in our Consolidated Financial Statements, pre tax, was as follows:
In thousands |  | Fiscal 2014 (52 Weeks) |  |  | Fiscal 2013 (52 Weeks) |
Net gain recognized in OCI |  | $ | 1,153 |  |  | $ | 870 |
Net gain reclassified from OCI into cost of goods sold |  | $ | 573 |  |  | $ | 129 |
Net foreign exchange gain (loss) recognized in other income (expense): |  |  |  |  |  |  |  |
Instruments designated as cash flow hedges1 |  | $ | (155 | ) |  | $ | (109 | )
Instruments not designated or de-designated2 |  | $ | (1,795 | ) |  | $ | 906 |
1 | Changes in fair value of the forward contract related to interest charges or “forward points.”
2 | 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.
In thousands |  | Balance sheet location |  | Feb. 1, 2015 |  |  |  |  | Feb. 2, 2014 |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Cash flow hedge foreign currency forward contracts |  | Other current assets |  | $ | 1,015 |  |  |  |  | $ | 485 |
Cash flow hedge foreign currency forward contracts |  | Other current liabilities |  |  | (9 | ) |  |  |  |  | 0 |
Total, net |  |  |  | $ | 1,006 |  |  |  |  | $ | 485 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | Other current assets |  | $ | 427 |  |  |  |  | $ | 222 |
Foreign currency forward contracts |  | Other current liabilities |  |  | 0 |  |  |  |  |  | (40 | )
Total, net |  |  |  | $ | 427 |  |  |  |  | $ | 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, pre-tax, were as follows:
In thousands |  | Fiscal 2014 (52 Weeks) |  |  | Fiscal 2013 (52 Weeks) |
AOCI beginning balance amount of gain (loss) |  | $ | 741 |  |  | $ | 0 |
Amounts recognized in OCI before reclassifications |  |  | 1,153 |  |  |  | 870 |
Amounts reclassified from OCI into cost of goods sold |  |  | (573 | ) |  |  | (129 | )
AOCI ending balance amount of gain (loss) |  | $ | 1,321 |  |  | $ | 741 |

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- 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=35706170&loc=SL5624171-113959 + Details
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- 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=35706170&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=35706170&loc=SL5624171-113959 + Details
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- 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=35706170&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624163-113959 + Details
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