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Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended
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Oct. 30, 2021
Fair Value of Company's Derivative Financial Instruments on Gross Basis as well as Classification | The table below presents the fair value of the Company’s derivative financial instruments on a gross basis as well as their classification on the Company’s Condensed Consolidated Balance Sheets:
|  | (in thousands) |
|  | Fair Values of Derivative Instruments |
|  | October 30, 2021 |  |  | January 30, 2021 |  |  | October 31, 2020 |
Derivatives Designated as Hedging Instruments |  | Balance Sheet Location |  | Fair Value |  |  | Balance Sheet Location |  | Fair Value |  |  | Balance Sheet Location |  | Fair Value |
Interest rate swap contracts |  | Other liabilities |  | $ | 20,439 |  |  | Other liabilities |  | $ | 31,665 |  |  | Other liabilities |  | $ | 34,076 |
Summary of Unrealized Gains and Losses Deferred to Accumulated Other Comprehensive Loss | The following table presents the unrealized gains and losses deferred to accumulated other comprehensive loss resulting from the Company’s derivative financial instruments for each of the reporting periods.
|  | (in thousands) |
|  | Three Months Ended |  |  | Nine Months Ended |
Interest Rate Derivatives: |  | October 30, 2021 |  |  | October 31, 2020 |  |  | October 30, 2021 |  |  | October 31, 2020 |
Unrealized gains (losses), before taxes |  | $ | 8,936 |  |  | $ | 804 |  |  | $ | 3,096 |  |  | $ | (15,090 | )
Income tax (expense) benefit |  |  | (2,427 | ) |  |  | (221 | ) |  |  | (845 | ) |  |  | 4,082 |
Unrealized gains (losses), net of taxes |  | $ | 6,509 |  |  | $ | 583 |  |  | $ | 2,251 |  |  | $ | (11,008 | )
Reclassification of Gains and Losses from Accumulated Other Comprehensive Loss into Earnings | The following table presents information about the reclassification of gains and losses from accumulated other comprehensive loss into earnings related to the Company’s derivative instruments for each of the reporting periods.
|  | (in thousands) |
|  | Three Months Ended |  |  | Nine Months Ended |
Component of Earnings: |  | October 30, 2021 |  |  | October 31, 2020 |  |  | October 30, 2021 |  |  | October 31, 2020 |
Interest expense |  | $ | 4,096 |  |  | $ | 2,919 |  |  | $ | 10,519 |  |  | $ | 7,271 |
Income tax benefit |  |  | (1,112 | ) |  |  | (800 | ) |  |  | (2,857 | ) |  |  | (1,995 | )
Net reclassification into earnings |  | $ | 2,984 |  |  | $ | 2,119 |  |  | $ | 7,662 |  |  | $ | 5,276 |
Derivatives Designated as Hedging Instruments |
Outstanding Interest Rate Derivative in Qualifying Hedging Relationships | As of October 30, 2021, the Company had the following outstanding interest rate derivative that was designated as a cash flow hedge of interest rate risk:
Interest Rate Derivative |  | Number of Instruments |  | Notional Aggregate Principal Amount |  | Interest Swap Rate |  | Maturity Date
Interest rate swap contract |  | One |  | $ 450.0 million |  | 2.19% |  | June 24, 2028

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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: 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=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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