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Stockholders' Equity (Tables) | 3 Months Ended
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May 04, 2024
Equity [Abstract] |
Schedule of cash dividend declared per share | The following sets forth the cash dividend declared per share:
| Three Months Ended |  |
| May 4, 2024 |  | Apr 29, 2023 |  |  |  |
Cash dividend declared per share | $ | 2.550 |  |  | $ | 0.225 |  |  |  |  |
Schedule of changes in accumulated other comprehensive income (loss), net of related income taxes | The changes in accumulated other comprehensive income (loss) (“AOCL”), net of related income taxes, are (in thousands):
| Foreign Currency Translation Adjustment |  | Derivative Financial Instruments Designated as Cash Flow Hedges |  | Defined Benefit Plans |  | Total
| Three Months Ended May 4, 2024
Balance at February 3, 2024 | $ | (136,115) |  |  | $ | (544) |  |  | $ | (351) |  |  | $ | (137,010) |
Gains (losses) arising during the period | (2,993) |  |  | 1,145 |  |  | 233 |  |  | (1,615) |
Reclassification to net earnings (loss) for (gains) losses realized | — |  |  | 1,620 |  |  | (43) |  |  | 1,577 |
Net other comprehensive income (loss) | (2,993) |  |  | 2,765 |  |  | 190 |  |  | (38) |
Balance at May 4, 2024 | $ | (139,108) |  |  | $ | 2,221 |  |  | $ | (161) |  |  | $ | (137,048) |
| Three Months Ended Apr 29, 2023
Balance at January 28, 2023 | $ | (129,168) |  |  | $ | (1,584) |  |  | $ | (3,321) |  |  | $ | (134,073) |
Gains (losses) arising during the period | 1,021 |  |  | (942) |  |  | (161) |  |  | (82) |
Reclassification to net earnings (loss) for (gains) losses realized | — |  |  | (5,343) |  |  | 21 |  |  | (5,322) |
Net other comprehensive income (loss) | 1,021 |  |  | (6,285) |  |  | (140) |  |  | (5,404) |
Balance at April 29, 2023 | $ | (128,147) |  |  | $ | (7,869) |  |  | $ | (3,461) |  |  | $ | (139,477) |
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss) | Details on reclassifications out of AOCL to net earnings (loss) are (in thousands):
| Three Months Ended |  |  |  | Location of (Gain) Loss Reclassified from AOCL into Earnings
| May 4, 2024 |  | Apr 29, 2023 |  |  |  |  |
Derivative financial instruments designated as cash flow hedges: |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts | $ | 2,045 |  |  | $ | (5,893) |  |  |  |  |  |  | Cost of product sales
Interest rate swap | (155) |  |  | (128) |  |  |  |  |  |  | Interest expense
Less income tax effect | (270) |  |  | 678 |  |  |  |  |  |  | Income tax benefit
| 1,620 |  |  | (5,343) |  |  |  |  |  |  |
Defined benefit plans: |  |  |  |  |  |  |  |  |
Net actuarial (gain) loss amortization | (3) |  |  | 62 |  |  |  |  |  |  | Other income (expense)
Prior service credit amortization | (40) |  |  | (39) |  |  |  |  |  |  | Other income (expense)
Less income tax effect | — |  |  | (2) |  |  |  |  |  |  | Income tax benefit
| (43) |  |  | 21 |  |  |  |  |  |  |
Total reclassifications during the period | $ | 1,577 |  |  | $ | (5,322) |  |  |  |  |  |  |

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