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Derivative Financial Instruments (Tables) | 3 Months Ended
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May 02, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of fair value of derivative instruments in the condensed consolidated balance sheets | The fair value of derivative instruments in the condensed consolidated balance sheets as of May 2, 2015 and January 31, 2015 was as follows (in thousands):
|  | Derivative Balance Sheet Location |  | Fair Value at May 2, 2015 |  | Fair Value at Jan 31, 2015
ASSETS: |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange currency contracts: |  |  |  |  |  |
Cash flow hedges |  | Other current assets |  | $ | 3,255 |  |  | $ | 6,597 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Foreign exchange currency contracts |  | Other current assets |  | 8,876 |  |  | 8,945 |
Total |  |  |  | $ | 12,131 |  |  | $ | 15,542 |
LIABILITIES: |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange currency contracts: |  |  |  |  |  |
Cash flow hedges |  | Accrued expenses |  | $ | 1,514 |  |  | $ | — |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange currency contracts |  | Accrued expenses |  | 930 |  |  | — |
Interest rate swaps |  | Accrued expenses/ Other long-term liabilities |  | 218 |  |  | 270 |
Total derivatives not designated as hedging instruments |  |  |  | 1,148 |  |  | 270 |
Total |  |  |  | $ | 2,662 |  |  | $ | 270 |
Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss) | The following table summarizes the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss) for the three months ended May 2, 2015 and May 3, 2014 (in thousands):
| Loss Recognized in OCI |  | Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings (Loss)(1) |  | Gain (Loss) Reclassified from Accumulated OCI into Earnings (Loss)
| Three Months Ended May 2, 2015 |  | Three Months Ended May 3, 2014 |  |  | Three Months Ended May 2, 2015 |  | Three Months Ended May 3, 2014
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts | $ | (1,147 | ) |  | $ | (2,572 | ) |  | Cost of product sales |  | $ | 1,750 |  |  | $ | (494 | )
Foreign exchange currency contracts | $ | (148 | ) |  | $ | (107 | ) |  | Other income/expense |  | $ | 486 |  |  | $ | (31 | )
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(1) | The ineffective portion was immaterial during the three months ended May 2, 2015 and May 3, 2014 and was recorded in net earnings (loss) and included in interest income/expense.
Summary of net after-tax derivative activity recorded in accumulated other comprehensive income (loss) | The following table summarizes net after-tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands):
| Three Months Ended
| May 2, 2015 |  | May 3, 2014
Beginning balance gain (loss) | $ | 7,157 |  |  | $ | (113 | )
Net losses from changes in cash flow hedges | (926 | ) |  | (2,058 | )
Net (gains) losses reclassified to earnings (loss) | (1,935 | ) |  | 504 |
Ending balance gain (loss) | $ | 4,296 |  |  | $ | (1,667 | )
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 months ended May 2, 2015 and May 3, 2014 (in thousands):
|  | Location of Gain (Loss) Recognized in Earnings (Loss) |  | Gain (Loss) Recognized in Earnings (Loss)
|  |  | Three Months Ended May 2, 2015 |  | Three Months Ended May 3, 2014
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Foreign exchange currency contracts |  | Other income/expense |  | $ | (701 | ) |  | $ | (2,789 | )
Interest rate swaps |  | Other income/expense |  | $ | 49 |  |  | $ | 75 |

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- 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=35706170&loc=SL5624171-113959 + Details
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- 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=35706170&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=35706170&loc=SL5624171-113959 + Details
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- 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=35706170&loc=SL5624163-113959 + Details
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- 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=35706170&loc=SL5624171-113959 + Details
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