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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jul. 29, 2018

Foreign Currency Forward Contracts Outstanding with Notional Values

As of July 29, 2018 and July 30, 2017, we had foreign currency forward contracts outstanding (in U.S. dollars) with notional values as follows:

In thousands		July 29, 2018				July 30, 2017
Contracts designated as cash flow hedges		$	20,800			$	24,600
Contracts not designated as cash flow hedges		$	6,600			$	48,000

Effect of Derivative Instruments in Condensed Consolidated Financial Statements

The effect of derivative instruments in our Condensed Consolidated Financial Statements during the thirteen and twenty-six weeks ended July 29, 2018 and July 30, 2017, pre-tax, was as follows:

In thousands		Thirteen Weeks Ended July 29, 2018				Thirteen Weeks Ended July 30, 2017				Twenty-six Weeks Ended July 29, 2018				Twenty-six Weeks Ended July 30, 2017
Net gain (loss) recognized in OCI		$	339			$	(1,588	)		$	1,530			$	(696	)
Net gain (loss) reclassified from OCI into cost of goods sold		$	(21	)		$	(9	)		$	(73	)		$	12
Net foreign exchange gain (loss) recognized in selling, general and administrative expenses:
Instruments designated as cash flow hedges1		$	50			$	47			$	33			$	55
Instruments not designated or de-designated		$	1,183			$	—			$	3,943			$	341

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		July 29, 2018				July 30, 2017
Derivatives designated as cash flow hedges:
Other current assets		$	690			$	—
Other long-term assets		$	57			$	—
Other current liabilities		$	—			$	(704	)
Other long-term liabilities		$	—			$	(90	)
Derivatives not designated as hedging instruments:
Other current assets		$	5			$	6

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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=109980867&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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
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