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Derivative Financial Instruments (Tables)

12 Months Ended

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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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

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