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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Oct. 29, 2017

Foreign Currency Forward Contracts Outstanding with Notional Values

As of October 29, 2017 and October 30, 2016, we had foreign currency forward contracts outstanding (in U.S. dollars) with notional values as follows:

In thousands		October 29, 2017				October 30, 2016
Contracts designated as cash flow hedges		$	23,000			$	29,000
Contracts not designated as cash flow hedges		$	48,000			$	46,000

Effect of Derivative Instruments in Condensed Consolidated Financial Statements

The effect of derivative instruments in our Condensed Consolidated Financial Statements during the thirteen and thirty-nine weeks ended October 29, 2017 and October 30, 2016, pre-tax, was as follows:

In thousands		Thirteen Weeks Ended October 29, 2017				Thirteen Weeks Ended October 30, 2016				Thirty-nine Weeks Ended October 29, 2017				Thirty-nine Weeks Ended October 30, 2016
Net gain (loss) recognized in OCI		$	506			$	704			$	(190	)		$	(795	)
Net gain (loss) reclassified from OCI into cost of goods sold		$	173			$	(406	)		$	185			$	53
Net foreign exchange gain (loss) recognized in selling, general and administrative expenses:
Instruments designated as cash flow hedges1		$	20			$	(22	)		$	75			$	(12	)
Instruments not designated or de-designated		$	1,752			$	(566	)		$	(1,096	)		$	(3,599	)

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

Fair Values of Derivative Instruments

The fair values of our derivative financial instruments are presented below according to their classification in our Condensed Consolidated Balance Sheets. All fair values were measured using Level 2 inputs as defined by the fair value hierarchy described in Note I.

In thousands		October 29, 2017				October 30, 2016
Derivatives designated as cash flow hedges:
Other current assets		$	161			$	653
Other long-term assets		$	25			$	176
Other current liabilities		$	(131	)		$	(328	)
Other long-term liabilities		$	(11	)		$	—
Derivatives not designated as hedging instruments:
Other current assets		$	209			$	314

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=84234895&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=84234895&loc=SL5618551-113959

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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=84234895&loc=SL5618551-113959

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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=84234895&loc=SL5624163-113959

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