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Derivative Financial Instruments (Tables) | 6 Months Ended
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Jul. 31, 2021
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 is (in thousands):
| Fair Value at Jul 31, 2021 |  | Fair Value at Jan 30, 2021 |  | Derivative Balance Sheet Location
ASSETS: |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |
Cash flow hedges: |  |  |  |  |
Foreign exchange currency contracts | $ | 1,948 |  |  | $ | — |  |  | Other current assets/Other assets
Total derivatives designated as hedging instruments | 1,948 |  |  | — |  |  |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign exchange currency contracts | 64 |  |  | — |  |  | Other current assets/Other assets
Total | $ | 2,012 |  |  | $ | — |  |  |
LIABILITIES: |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |
Cash flow hedges: |  |  |  |  |
Foreign exchange currency contracts | $ | 62 |  |  | $ | 3,326 |  |  | Accrued expenses/ Other long-term liabilities
Interest rate swap | 745 |  |  | 999 |  |  | Other long-term liabilities
Total derivatives designated as hedging instruments | 807 |  |  | 4,325 |  |  |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign exchange currency contracts | 225 |  |  | 1,155 |  |  | Accrued expenses
Total | $ | 1,032 |  |  | $ | 5,480 |  |  |
Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss) | The following summarizes the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss) (in thousands):
| Gains (Losses) Recognized in OCI |  | Location of Gains (Losses) Reclassified from Accumulated OCI into Earnings (Loss) |  | Gains (Losses) Reclassified from Accumulated OCI into Earnings (Loss)
| Jul 31, 2021 |  | Aug 1, 2020 |  |  | Jul 31, 2021 |  | Aug 1, 2020
| Three Months Ended
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts | $ | 1,781 |  |  | $ | (7,758) |  |  | Cost of product sales |  | $ | (829) |  |  | $ | 2,504 |
Interest rate swap | (148) |  |  | (139) |  |  | Interest expense |  | (195) |  |  | (42) |
| Six Months Ended
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts | $ | 3,292 |  |  | $ | (3,348) |  |  | Cost of product sales |  | $ | (1,291) |  |  | $ | 4,495 |
Interest rate swap | 122 |  |  | (1,013) |  |  | Interest expense |  | (131) |  |  | (45) |
Summary of net after-tax derivative activity recorded in accumulated other comprehensive income (loss) | The following summarizes net after-tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands):
| Three Months Ended |  | Six Months Ended
| Jul 31, 2021 |  | Aug 1, 2020 |  | Jul 31, 2021 |  | Aug 1, 2020
Beginning balance gain (loss) | $ | (2,863) |  |  | $ | 7,711 |  |  | $ | (4,876) |  |  | $ | 6,300 |
Net gains (losses) from changes in cash flow hedges | 1,471 |  |  | (7,012) |  |  | 3,024 |  |  | (3,832) |
Net (gains) losses reclassified into earnings (loss) | 790 |  |  | (2,198) |  |  | 1,250 |  |  | (3,967) |
Ending balance loss | $ | (602) |  |  | $ | (1,499) |  |  | $ | (602) |  |  | $ | (1,499) |
Summary of gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income (expense) | The following summarizes the gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income (expense) (in thousands):
| Location of Gain Recognized in Earnings (Loss) |  | Gain Recognized in Earnings (Loss)
|  | Three Months Ended |  | Six Months Ended
|  | Jul 31, 2021 |  | Aug 1, 2020 |  | Jul 31, 2021 |  | Aug 1, 2020
Foreign exchange currency contracts | Other income (expense) |  | $ | 485 |  |  | $ | (4,706) |  |  | $ | 556 |  |  | $ | (3,618) |

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