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Derivative Financial Instruments (Tables) | 6 Months Ended
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Aug. 02, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets | The fair value of derivative instruments in the condensed consolidated balance sheets is (in thousands):
| Fair Value at Aug 2, 2025 |  | Fair Value at Feb 1, 2025 |  | Derivative Balance Sheet Location |  |
ASSETS: |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Cash flow hedges: |  |  |  |  |  |  |
Foreign exchange currency contracts | $ | 29 |  |  | $ | 7,456 |  |  | Other current assets/Other assets |  |
Total derivatives designated as hedging instruments | 29 |  |  | 7,456 |  |  |  |  |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Foreign exchange currency contracts | 9 |  |  | 3,011 |  |  | Other current assets |  |
2028 Bond Hedge | 7,181 |  |  | 11,252 |  |  | Other assets |  |
Total derivatives not designated as hedging instruments | 7,190 |  |  | 14,263 |  |  |  |  |
Total | $ | 7,219 |  |  | $ | 21,719 |  |  |  |  |
LIABILITIES: |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Cash flow hedges: |  |  |  |  |  |  |
Foreign exchange currency contracts | $ | 11,125 |  |  | $ | — |  |  | Accrued expenses/Other long-term liabilities |  |
Total derivatives designated as hedging instruments | 11,125 |  |  | — |  |  |  |  |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Foreign exchange currency contracts | 5,345 |  |  | 8 |  |  | Accrued expenses and other current liabilities |  |
Embedded derivative | 1,570 |  |  | 2,460 |  |  | Convertible senior notes due 2028, net |  |
Total derivatives not designated as hedging instruments | 6,915 |  |  | 2,468 |  |  |  |  |
Total | $ | 18,040 |  |  | $ | 2,468 |  |  |  |  |
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 derivative instruments designated as cash flow hedges in other comprehensive income (loss) (“OCL”) and net earnings (loss) (in thousands):
| Loss Recognized in OCL |  | Gain (Loss) Reclassified from AOCL into Earnings (Loss) |  | Location of Gain (Loss) Reclassified from AOCL into Earnings (Loss)
| Aug 2, 2025 |  | Aug 3, 2024 |  | Aug 2, 2025 |  | Aug 3, 2024 |
| Three Months Ended
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts | $ | (3,888) |  |  | $ | (1,422) |  |  | $ | 699 |  |  | $ | (56) |  |  | Cost of product sales
Interest rate swap | $ | — |  |  | $ | (797) |  |  | $ | — |  |  | $ | 57 |  |  | Interest expense
| Six Months Ended
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts | $ | (20,306) |  |  | $ | (251) |  |  | $ | 1,657 |  |  | $ | (2,101) |  |  | Cost of product sales
Interest rate swap | $ | — |  |  | $ | (604) |  |  | $ | — |  |  | $ | 212 |  |  | 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):
| Three Months Ended |  | Six Months Ended
| Aug 2, 2025 |  | Aug 3, 2024 |  | Aug 2, 2025 |  | Aug 3, 2024
Beginning balance gain (loss) | $ | (8,165) |  |  | $ | 2,221 |  |  | $ | 7,300 |  |  | $ | (544) |
Net loss from changes in cash flow hedges | (3,501) |  |  | (1,832) |  |  | (18,113) |  |  | (687) |
Net (gain) loss reclassified into earnings (loss) | (623) |  |  | 87 |  |  | (1,476) |  |  | 1,707 |
Ending balance gain (loss) | $ | (12,289) |  |  | $ | 476 |  |  | $ | (12,289) |  |  | $ | 476 |
Schedule of Derivative Instruments Not Designated as Hedging Instruments | The following summarizes the gains (losses) before income taxes recognized on derivative instruments not designated as hedging instruments in other income (expense) (in thousands):
| Location of Gain (Loss) Recognized in Earnings (Loss) |  | Gain (Loss) Recognized in Earnings (Loss)
|  | Three Months Ended |  | Six Months Ended
|  | Aug 2, 2025 |  | Aug 3, 2024 |  | Aug 2, 2025 |  | Aug 3, 2024
Foreign exchange currency contracts | Other income (expense), net |  | $ | (2,081) |  |  | $ | (939) |  |  | $ | (9,902) |  |  | $ | (418) |
2028 Bond Hedge | Other income (expense), net |  | $ | 1,372 |  |  | $ | (51,822) |  |  | $ | (4,071) |  |  | $ | (6,010) |
Embedded derivative | Other income (expense), net |  | $ | (300) |  |  | $ | 11,330 |  |  | $ | 890 |  |  | $ | 4,028 |

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