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Derivative Financial Instruments (Tables) | 12 Months Ended
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Feb. 03, 2024
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 Feb 3, 2024 |  | Fair Value at Jan 28, 2023 |  | Derivative Balance Sheet Location
ASSETS: |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |
Cash flow hedges: |  |  |  |  |
Foreign exchange currency contracts | $ | 1,590 |  |  | $ | 1,073 |  |  | Other current assets/Other assets
Interest rate swap | 797 |  |  | 1,034 |  |  | Other assets
Total derivatives designated as hedging instruments | 2,387 |  |  | 2,107 |  |  |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign exchange currency contracts | 688 |  |  | 1,146 |  |  | Other current assets
2028 Bond Hedge | 85,918 |  |  | — |  |  | Other assets
Total | $ | 88,993 |  |  | $ | 3,253 |  |  |
LIABILITIES: |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |
Cash flow hedges: |  |  |  |  |
Foreign exchange currency contracts | $ | 763 |  |  | $ | 12,930 |  |  | Accrued expenses/Other long-term liabilities
Interest rate swaps | — |  |  | — |  |  | Other long-term liabilities
Total derivatives designated as hedging instruments | 763 |  |  | 12,930 |  |  |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign exchange currency contracts | 939 |  |  | 3,774 |  |  | Accrued expenses and other current liabilities
Embedded derivatives | 16,390 |  |  | — |  |  | Convertible senior notes due 2028, net
Total | $ | 18,092 |  |  | $ | 16,704 |  |  |
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 OCL and net earnings (in thousands):
| Gain (Loss) Recognized in OCL |  | Gain (Loss) Reclassified from AOCL into Earnings |  | Location of Gain (Loss) Reclassified from AOCL into Earnings
| Year Ended February 3, 2024
Foreign exchange currency contracts | $ | 5,705 |  |  | $ | 4,392 |  |  | Cost of product sales
Interest rate swap | $ | 411 |  |  | $ | 647 |  |  | Interest expense
| Year Ended January 28, 2023
Foreign exchange currency contracts | $ | (929) |  |  | $ | 9,988 |  |  | Cost of product sales
Interest rate swap | $ | 1,136 |  |  | $ | 28 |  |  | Interest expense
| Year Ended January 29, 2022
Foreign exchange currency contracts | $ | 10,807 |  |  | $ | (2,051) |  |  | Cost of product sales |  |
Interest rate swap | $ | 653 |  |  | $ | (272) |  |  | 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 AOCL (in thousands):
|  | Year Ended
|  | Feb 3, 2024 |  | Jan 28, 2023
Beginning balance gain (loss) |  | $ | (1,584) |  |  | $ | 7,280 |
Net gains from changes in cash flow hedges |  | 5,451 |  |  | 47 |
Net (gains) reclassified to earnings |  | (4,411) |  |  | (8,911) |
Ending balance loss |  | $ | (544) |  |  | $ | (1,584) |
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 |  | Gain (Loss) Recognized in Earnings
|  |  | Year Ended
|  |  | Feb 3, 2024 |  | Jan 28, 2023 |  | Jan 29, 2022
Foreign exchange currency contracts |  | Other expense |  | $ | 2,253 |  |  | $ | (2,833) |  |  | $ | 1,941 |
2028 Bond Hedge |  | Other expense |  | $ | 1,233 |  |  | $ | — |  |  | $ | — |
Embedded derivatives |  | Other expense |  | $ | (235) |  |  | $ | — |  |  | $ | — |

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