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Derivative Financial Instruments (Tables) | 12 Months Ended
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Feb. 01, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule 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 1, 2025 |  | Fair Value at Feb 3, 2024 |  | Derivative Balance Sheet Location
ASSETS: |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |
Cash flow hedges: |  |  |  |  |
Foreign exchange currency contracts | $ | 7,456 |  |  | $ | 1,590 |  |  | Other current assets/Other assets
Interest rate swap | — |  |  | 797 |  |  | Other assets
Total derivatives designated as hedging instruments | 7,456 |  |  | 2,387 |  |  |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign exchange currency contracts | 3,011 |  |  | 688 |  |  | Other current assets
2028 Bond Hedge | 11,252 |  |  | 85,918 |  |  | Other assets
Total derivatives not designated as hedging instruments | 14,263 |  |  | 86,606 |  |  |
Total | $ | 21,719 |  |  | $ | 88,993 |  |  |
LIABILITIES: |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |
Cash flow hedges: |  |  |  |  |
Foreign exchange currency contracts | $ | — |  |  | $ | 763 |  |  | Accrued expenses and other current liabilities
Total derivatives designated as hedging instruments | — |  |  | 763 |  |  |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign exchange currency contracts | 8 |  |  | 939 |  |  | Accrued expenses/Other long-term liabilities
Embedded derivatives | 2,460 |  |  | 16,390 |  |  | Convertible senior notes due 2028, net
Total derivatives not designated as hedging instruments | 2,468 |  |  | 17,329 |  |  |
Total | $ | 2,468 |  |  | $ | 18,092 |  |  |
Schedule of Gains (Losses) Before Taxes Recognized on the Derivative Instruments Designated as Cash Flow Hedges | 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 1, 2025
Foreign exchange currency contracts | $ | 8,669 |  |  | $ | (1,297) |  |  | Cost of product sales
Interest rate swap | $ | (604) |  |  | $ | 212 |  |  | Interest expense
| 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 |  |
Schedule 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 1, 2025 |  | Feb 3, 2024
Beginning balance loss |  | $ | (544) |  |  | $ | (1,584) |
Net gain from changes in cash flow hedges |  | 6,853 |  |  | 5,451 |
Net (gain) loss reclassified to earnings |  | 991 |  |  | (4,411) |
Ending balance gain (loss) |  | $ | 7,300 |  |  | $ | (544) |
Schedule of Derivative Instruments Not Designated as Hedging Instruments | 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 1, 2025 |  | Feb 3, 2024 |  | Jan 28, 2023
Foreign exchange currency contracts |  | Other expense |  | $ | 4,319 |  |  | $ | 2,253 |  |  | $ | (2,833) |
2028 Bond Hedge |  | Other expense |  | $ | (81,205) |  |  | $ | 1,233 |  |  | $ | — |
Embedded derivatives |  | Other expense |  | $ | 20,468 |  |  | $ | (235) |  |  | $ | — |

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