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Stockholders' Equity (Tables)
12 Months Ended
Jan. 29, 2022
Stockholders' Equity Note [Abstract]  
Dividends declared
The following sets forth the cash dividend declared per share:
Year EndedYear EndedYear Ended
Jan 29, 2022Jan 30, 2021Feb 1, 2020
Cash dividend declared per share$0.5625 $0.2250 $0.5625 
Schedule of changes in accumulated other comprehensive income (loss), net of related income taxes
The changes in accumulated other comprehensive income (loss), net of related income taxes, are (in thousands):
Foreign Currency Translation AdjustmentDerivative Financial Instruments Designated as Cash Flow HedgesDefined Benefit PlansTotal
Balance at February 2, 2019$(119,546)$2,999 $(9,632)$(126,179)
Gains (losses) arising during the period(17,743)8,316 342 (9,085)
Reclassification to net earnings for (gains) losses realized— (6,996)369 (6,627)
Net other comprehensive income (loss)(17,743)1,320 711 (15,712)
Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance1
— 1,981 — 1,981 
Balance at February 1, 2020$(137,289)$6,300 $(8,921)$(139,910)
Gains (losses) arising during the period31,319 (5,709)(1,203)24,407 
Reclassification to net loss for (gains) losses realized— (5,467)295 (5,172)
Net other comprehensive income (loss)31,319 (11,176)(908)19,235 
Balance at January 30, 2021$(105,970)$(4,876)$(9,829)$(120,675)
Gains (losses) arising during the period(29,891)10,121 2,550 (17,220)
Reclassification to net earnings for losses realized— 2,035 311 2,346 
Net other comprehensive income (loss)(29,891)12,156 2,861 (14,874)
Balance at January 29, 2022$(135,861)$7,280 $(6,968)$(135,549)
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1During the first quarter of fiscal 2020, the Company adopted new authoritative guidance which eliminated the requirement to separately measure and report ineffectiveness for instruments that qualify for hedge accounting and generally requires that the entire change in the fair value of such instruments ultimately be presented in the same line as the respective hedge item. As a result, there is no interest component recognized for the ineffective portion of instruments that qualify for hedge accounting, but rather all changes in the fair value of such instruments are included in other comprehensive income (loss) beginning with fiscal 2020. Upon adoption of this guidance, the Company reclassified approximately $2.0 million in gains from retained earnings to accumulated other comprehensive loss related to the previously recorded interest component on outstanding instruments that qualified for hedge accounting.
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)
Details on reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss) are as follows (in thousands):
Location of (Gain) Loss
Reclassified from
Accumulated OCI
into Earnings (Loss)
Year Ended Jan 29, 2022Year Ended Jan 30, 2021Year Ended Feb 1, 2020
Derivative financial instruments designated as cash flow hedges:
   Foreign exchange currency contracts$2,051 $(6,298)$(7,776)Cost of product sales
   Interest rate swap272 181 (128)Interest expense
      Less income tax effect(288)650 908 Income tax expense (benefit)
2,035 (5,467)(6,996)
Defined benefit plans:
   Net actuarial loss amortization420 397 446 Other income (expense)
   Prior service credit amortization(67)(66)(39)Other income (expense)
      Less income tax effect(42)(36)(38)Income tax expense (benefit)
311 295 369 
Total reclassifications to net earnings (loss) for (gains) losses realized during the period$2,346 $(5,172)$(6,627)