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Derivative Financial Instruments (Tables) | 12 Months Ended
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Jan. 29, 2022
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 is as follows (in thousands):
| Fair Value at Jan 29, 2022 |  | Fair Value at Jan 30, 2021 |  | Derivative Balance Sheet Location
ASSETS: |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |
Cash flow hedges: |  |  |  |  |
Foreign exchange currency contracts | $ | 5,999 |  |  | $ | — |  |  | Other current assets/Other assets
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign exchange currency contracts | 1,134 |  |  | — |  |  | Other current assets/Other assets
Total | $ | 7,133 |  |  | $ | — |  |  |
LIABILITIES: |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |
Cash flow hedges: |  |  |  |  |
Foreign exchange currency contracts | $ | — |  |  | $ | 3,326 |  |  | Accrued expenses/Other long-term liabilities
Interest rate swaps | 74 |  |  | 999 |  |  | Other long-term liabilities
Total derivatives designated as hedging instruments | 74 |  |  | 4,325 |  |  |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign exchange currency contracts | — |  |  | 1,155 |  |  | Accrued expenses
Total | $ | 74 |  |  | $ | 5,480 |  |  |
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 summarizes the gains (losses) before income taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss) (in thousands):
| Year Ended January 29, 2022
| Gain Recognized in OCI |  | Loss Reclassified from Accumulated OCI into Earnings |  | Location of Loss Reclassified from Accumulated OCI into Earnings
Derivatives designated as cash flow hedges: |  |  |  |  |
Foreign exchange currency contracts | $ | 10,807 |  |  | $ | (2,051) |  |  | Cost of product sales
Interest rate swap | 653 |  |  | (272) |  |  | Interest expense
| Year Ended January 30, 2021
| Loss Recognized in OCI |  | Gain (Loss) Reclassified from Accumulated OCI into Loss |  | Location of Gain (Loss) Reclassified from Accumulated OCI into Loss
Derivatives designated as cash flow hedges: |  |  |  |  |
Foreign exchange currency contracts | $ | (5,614) |  |  | $ | 6,298 |  |  | Cost of product sales
Interest rate swap | (832) |  |  | (181) |  |  | Interest expense
| Year Ended February 1, 2020
| Gain (Loss) Recognized in OCI |  | Gain Reclassified from Accumulated OCI into Earnings |  | Location of Gain Reclassified from Accumulated OCI into Earnings |  |
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |
Foreign exchange currency contracts | $ | 10,557 |  |  | $ | 7,776 |  |  | Cost of product sales |  |
Interest rate swap | (1,253) |  |  | 128 |  |  | Interest expense |  |
Summary of net after-tax derivative activity recorded in accumulated other comprehensive income (loss) | The following summarizes net after income tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands):
|  | Year Ended Jan 29, 2022 |  | Year Ended Jan 30, 2021
Beginning balance gain (loss) |  | $ | (4,876) |  |  | $ | 6,300 |
Net gains (losses) from changes in cash flow hedges |  | 10,121 |  |  | (5,709) |
Net (gains) losses reclassified to earnings (loss) |  | 2,035 |  |  | (5,467) |
Ending balance gain (loss) |  | $ | 7,280 |  |  | $ | (4,876) |
Summary of gains (loss) before taxes recognized on the derivative instruments not designated as hedging instruments in other income and expense | The following summarizes the gains (losses) before income taxes recognized on the derivative instruments not designated as hedging instruments in other income (expense) (in thousands):
|  | Location of Gain (Loss) Recognized in Earnings (Loss) |  | Gain (Loss) Recognized in Earnings (Loss)
|  |  | Year Ended Jan 29, 2022 |  | Year Ended Jan 30, 2021 |  | Year Ended Feb 1, 2020
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange currency contracts |  | Other income (expense) |  | $ | 1,941 |  |  | $ | (5,117) |  |  | $ | 1,254 |

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