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Derivative Financial Instruments (Tables)

12 Months Ended

Feb. 02, 2020

Foreign Currency Forward Contracts Outstanding with Notional Values

As of February 2, 2020, and February 3, 2019, we had foreign currency forward contracts outstanding (in U.S. dollars) with notional values as follows:

In thousands		Feb. 2, 2020				Feb. 3, 2019
Contracts designated as cash flow hedges		$	17,200			$	16,600
Contracts not designated as cash flow hedges		$	—			$	5,300

Effect of Derivative Instruments in Consolidated Financial Statements

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

		Fiscal 2019								Fiscal 2018								Fiscal 2017
In thousands		Cost of goods sold				Selling, general and administrative expenses				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		$	3,758,916			$	1,673,218			$	3,570,580			$	1,665,060			$	3,360,648			$	1,477,900
Gain (loss) recognized in income
Derivatives designated as cash flow hedges		$	604			$	—			$	478			$	57			$	(144	)		$	88
Derivatives not designated as hedging instruments		$	—			$	28			$	—			$	3,967			$	—			$	(3,286	)

Fair Values of Derivative Instruments

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

In thousands		Fiscal 2019				Fiscal 2018
Derivatives designated as cash flow hedges:
Other current assets		$	138			$	358
Derivatives not designated as hedging instruments:
Other current assets		$	—			$	4

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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-Topic 815
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-Section 50
-Paragraph 4C
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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
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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
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