XML 35 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Oct. 30, 2016

Foreign Currency Forward Contracts Outstanding with Notional Values

As of October 30, 2016 and November 1, 2015, we had foreign currency forward contracts outstanding (in U.S. dollars) with notional values as follows:

In thousands		October 30, 2016				November 1, 2015
Contracts designated as cash flow hedges		$	29,000			$	20,000
Contracts not designated as cash flow hedges		$	46,000			$	37,000

Effect of Derivative Instruments in Consolidated Financial Statements

The effect of derivative instruments in our Condensed Consolidated Financial Statements, pre-tax, was as follows:

In thousands		Thirteen Weeks Ended October 30, 2016				Thirteen Weeks Ended November 1, 2015				Thirty-nine Weeks Ended October 30, 2016				Thirty-nine Weeks Ended November 1, 2015
Net gain (loss) recognized in OCI		$	704			$	158			$	(795	)		$	729
Net gain (loss) reclassified from OCI into cost of goods sold		$	(406	)		$	339			$	53			$	1,250
Net foreign exchange gain (loss) recognized in selling, general and administrative expense:
Instruments designated as cash flow hedges1		$	(22	)		$	(12	)		$	(12	)		$	(54	)
Instruments not designated or de-designated2		$	(566	)		$	748			$	(3,599	)		$	3,153

¹ Changes in fair value of the forward contract related to interest charges (or forward points).

² Changes in fair value for instruments not designated as cash flow hedges as well as de-designated instruments.

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 I.

In thousands		Balance sheet location				October 30, 2016				November 1, 2015
Derivatives designated as hedging instruments:
Cash flow hedge foreign currency forward contracts			Other current assets			$	653			$	412
Cash flow hedge foreign currency forward contracts			Other long-term assets				176				—
Cash flow hedge foreign currency forward contracts			Other current liabilities				(328	)			—
Total, net						$	501			$	412
Derivatives not designated as hedging instruments:
Foreign currency forward contracts			Other current assets			$	314			$	541
Total, net						$	314			$	541

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 4C
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

Reference 2: 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=64837297&loc=SL5618551-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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=64837297&loc=SL5618551-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=64837297&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfForeignExchangeContractsStatementOfFinancialPositionTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration