XML 65 R34.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Derivative Financial Instruments (Tables) | 6 Months Ended
--- | ---
Aug. 02, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of fair value of derivative instruments in the condensed consolidated balance sheet | The fair value of derivative instruments in the condensed consolidated balance sheets as of August 2, 2014 and February 1, 2014 was as follows (in thousands):
|  | Derivative Balance Sheet Location |  | Fair Value at Aug 2, 2014 |  | Fair Value at Feb 1, 2014
ASSETS: |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange currency contracts: |  |  |  |  |  |
Cash flow hedges |  | Other current assets |  | $ | 1,430 |  |  | $ | 977 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Foreign exchange currency contracts |  | Other current assets |  | 1,818 |  |  | 1,139 |
Total |  |  |  | $ | 3,248 |  |  | $ | 2,116 |
LIABILITIES: |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange currency contracts: |  |  |  |  |  |
Cash flow hedges |  | Accrued expenses |  | $ | 237 |  |  | $ | 672 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange currency contracts |  | Accrued expenses |  | 105 |  |  | 1,040 |
Interest rate swaps |  | Other long-term liabilities |  | 440 |  |  | 581 |
Total derivatives not designated as hedging instruments |  |  |  | 545 |  |  | 1,621 |
Total |  |  |  | $ | 782 |  |  | $ | 2,293 |
Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings | The following table summarizes the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings for the three and six months ended August 2, 2014 and August 3, 2013 (in thousands):
| Gain (Loss) Recognized in OCI |  | Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings(1) |  | Gain (Loss) Reclassified from Accumulated OCI into Earnings
| Three Months Ended Aug 2, 2014 |  | Three Months Ended Aug 3, 2013 |  |  | Three Months Ended Aug 2, 2014 |  | Three Months Ended Aug 3, 2013
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts | $ | 1,866 |  |  | $ | 247 |  |  | Cost of sales |  | $ | (265 | ) |  | $ | 393 |
Foreign exchange currency contracts | $ | 1 |  |  | $ | (20 | ) |  | Other income/expense |  | $ | (25 | ) |  | $ | 115 |
| Gain (Loss) Recognized in OCI |  | Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings(1) |  | Gain (Loss) Reclassified from Accumulated OCI into Earnings
| Six Months Ended Aug 2, 2014 |  | Six Months Ended Aug 3, 2013 |  |  | Six Months Ended Aug 2, 2014 |  | Six Months Ended Aug 3, 2013
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts | $ | (706 | ) |  | $ | 4,479 |  |  | Cost of sales |  | $ | (759 | ) |  | $ | 872 |
Foreign exchange currency contracts | $ | (106 | ) |  | $ | 418 |  |  | Other income/expense |  | $ | (56 | ) |  | $ | 94 |
__________________________________
(1) | The ineffective portion was immaterial during the three and six months ended August 2, 2014 and August 3, 2013 and was recorded in net earnings and included in interest income/expense.
Summary of net after-tax derivative activity recorded in accumulated other comprehensive income | The following table summarizes net after-tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands):
| Three Months Ended |  | Six Months Ended
| Aug 2, 2014 |  | Aug 3, 2013 |  | Aug 2, 2014 |  | Aug 3, 2013
Beginning balance gain (loss) | $ | (1,667 | ) |  | $ | 1,918 |  |  | $ | (113 | ) |  | $ | (1,782 | )
Net gains (losses) from changes in cash flow hedges | 1,352 |  |  | 64 |  |  | (706 | ) |  | 4,152 |
Net (gains) losses reclassified to earnings | 681 |  |  | (424 | ) |  | 1,185 |  |  | (812 | )
Ending balance gain | $ | 366 |  |  | $ | 1,558 |  |  | $ | 366 |  |  | $ | 1,558 |
Summary of gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income and expense | The following table summarizes the gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income and expense for the three and six months ended August 2, 2014 and August 3, 2013 (in thousands):
| Location of Gain (Loss) Recognized in Earnings |  | Gain (Loss) Recognized in Earnings |  | Gain Recognized in Earnings
|  | Three Months Ended Aug 2, 2014 |  | Three Months Ended Aug 3, 2013 |  | Six Months Ended Aug 2, 2014 |  | Six Months Ended Aug 3, 2013
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts | Other income/expense |  | $ | 3,984 |  |  | $ | (727 | ) |  | $ | 1,195 |  |  | $ | 3,049 |
Interest rate swaps | Other income/expense |  | $ | 57 |  |  | $ | 118 |  |  | $ | 132 |  |  | $ | 196 |

X
- Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 Reference 2: 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=7476318&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging 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 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for other derivative instruments not designated 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 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration