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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

May 05, 2019

Foreign Currency Forward Contracts Outstanding with Notional Values

As of May 5, 2019 and April 29, 2018, we had foreign currency forward contracts outstanding (in U.S. dollars) with notional values as follows:

In thousands		May 5, 2019				April 29, 2018
Contracts designated as cash flow hedges		$	10,800			$	28,500
Contracts not designated as cash flow hedges		$	—			$	52,276

Effect of Derivative Instruments in Consolidated Financial Statements

The effect of derivative instruments in our Condensed Consolidated Financial Statements during the thirteen weeks ended May 5, 2019 and April 29, 2018, pre-tax, was as follows:

In thousands		May 5, 2019				April 29, 2018
Net gain (loss) recognized in OCI		$	278			$	1,191

		May 5, 2019								April 29, 2018
In thousands		Cost of goods sold				Selling, general and administrative expenses				Cost of goods sold				Selling, general and administrative expenses
Line items presented in the Condensed Consolidated Statement of Earnings in which the effects of derivatives are recorded		$	796,801			$	370,199			$	770,836			$	365,614
Gain (loss) recognized in income
Derivatives designated as cash flow hedges		$	108				—			$	(52	)			(17	)
Derivatives not designated as hedging instruments			—			$	(6	)			—			$	2,760

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		May 5, 2019				April 29, 2018
Derivatives designated as cash flow hedges:
Other current assets		$	475			$	460
Other long-term assets		$	—			$	79
Other current liabilities		$	—			$	(51	)
Derivatives not designated as hedging instruments:
Other current assets		$	—			$	36

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
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-Topic 815
-SubTopic 10
-Section 50
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-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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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://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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