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Derivative Financial Instruments (Tables)

12 Months Ended

Feb. 03, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of fair value of derivative instruments in the consolidated balance sheets

The fair value of derivative instruments in the consolidated balance sheets as of February 3, 2018 and January 28, 2017 is as follows (in thousands):

		Derivative Balance Sheet Location		Fair Value at Feb 3, 2018				Fair Value at Jan 28, 2017
ASSETS:
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign exchange currency contracts		Other current assets/ Other assets		$	41			$	6,072
Interest rate swap		Other assets		1,460				876
Total derivatives designated as hedging instruments				1,501				6,948
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts		Other current assets/ Other assets		10				3,796
Total				$	1,511			$	10,744
LIABILITIES:
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign exchange currency contracts		Accrued expenses/ Other long-term liabilities		$	13,789			$	1,250
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts		Accrued expenses		4,300				174
Total				$	18,089			$	1,424

Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in accumulated other comprehensive income (loss) and net earnings (loss)

The following table summarizes the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in accumulated other comprehensive income (loss) and net earnings (loss) for fiscal 2018, fiscal 2017 and fiscal 2016 (in thousands):

	Gain (Loss) Recognized in OCI				Location of Gain (Loss) Reclassified from Accumulated OCI into Loss (1)		Gain (Loss) Reclassified from Accumulated OCI into Loss				Loss Reclassified from Accumulated OCI to Retained Earnings (2)
	Year Ended Feb 3, 2018						Year Ended Feb 3, 2018				Year Ended Feb 3, 2018
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts	$	(22,497	)		Cost of product sales		$	14			$	—
Foreign exchange currency contracts	$	(1,163	)		Other income/expense		$	(583	)		$	—
Interest rate swap	$	272			Interest expense		$	(87	)		$	(225	)

	Gain Recognized in OCI				Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings (1)		Gain (Loss) Reclassified from Accumulated OCI into Earnings
	Year Ended Jan 28, 2017						Year Ended Jan 28, 2017
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts	$	—			Cost of product sales		$	3,518
Foreign exchange currency contracts	$	227			Other income/expense		$	301
Interest rate swap	$	660			Interest expense		$	(216	)

	Gain Recognized in OCI				Location of Gain Reclassified from Accumulated OCI into Earnings (1)		Gain Reclassified from Accumulated OCI into Earnings
	Year Ended Jan 30, 2016						Year Ended Jan 30, 2016
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts	$	9,301			Cost of product sales		$	8,314
Foreign exchange currency contracts	$	500			Other income/expense		$	833

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(1) The Company recognized gains of $2.7 million, $0.9 million and $0.1 million resulting from the ineffective portion related to foreign exchange currency contracts in interest income during fiscal 2018, fiscal 2017 and fiscal 2016, respectively. There was no ineffectiveness recognized related to the interest rate swap during fiscal 2018 and fiscal 2017.

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):

	Year Ended Feb 3, 2018				Year Ended Jan 28, 2017
Beginning balance gain	$	5,400			$	7,252
Net gains (losses) from changes in cash flow hedges	(20,408		)		1,059
Net (gains) losses reclassified to earnings (loss)	414				(2,911		)
Net losses reclassified to retained earnings (1)	225				—
Ending balance gain (loss)	$	(14,369	)		$	5,400

Summary of gains (loss) 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 fiscal 2018, fiscal 2017 and fiscal 2016 (in thousands):

		Location of Gain (Loss) Recognized in Earnings (Loss)		Gain (Loss) Recognized in Earnings (Loss)
				Year Ended Feb 3, 2018				Year Ended Jan 28, 2017				Year Ended Jan 30, 2016
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts		Other income/expense		$	(10,511	)		$	2,427			$	4,346
Interest rate swap		Other income/expense		$	—			$	38			$	179

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- References

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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=84234895&loc=SL5624171-113959

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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 4C
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

Reference 2: 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=84234895&loc=SL5618551-113959

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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=84234895&loc=SL5624163-113959

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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=84234895&loc=SL5624171-113959

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