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Derivative Financial Instruments
 9 Months Ended
Nov. 01, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Hedging Strategy
Foreign Exchange Currency Contracts
The Company operates in foreign countries, which exposes it to market risk associated with foreign currency exchange rate fluctuations. The Company’s primary objective is to hedge the variability in forecasted cash flows due to the foreign currency risk. The Company enters into certain forward exchange currency contracts to hedge the risk of a portion of these anticipated foreign currency transactions against foreign currency rate fluctuations. The Company may also hedge the translation and economic exposures related to its net investments in certain of its international subsidiaries.
Interest Rate Swap Agreements
The Company is exposed to interest rate risk on its floating-rate debt. From time to time, the Company may enter into interest rate swap agreements to effectively convert its floating-rate debt to a fixed-rate basis. The principal objective is to eliminate or reduce the variability of the cash flows in interest payments associated with the Company’s floating-rate debt, thus reducing the impact of interest rate changes on future interest payment cash flows. In connection with the sale of the U.S. distribution center, the Company settled its interest rate swap agreement. As of November 1, 2025, there was no related net unrealized loss, net of tax, in AOCL related to this interest rate swap.
Summary of Derivative Instruments
The fair value of derivative instruments in the condensed consolidated balance sheets is (in thousands):
 Fair Value at Nov 1, 2025Fair Value at Feb 1, 2025Derivative Balance Sheet Location
ASSETS:   
Derivatives designated as hedging instruments:   
Cash flow hedges:
   Foreign exchange currency contracts$727 $7,456 Other current assets/Other assets
Total derivatives designated as hedging instruments727 7,456 
Derivatives not designated as hedging instruments:  
Foreign exchange currency contracts658 3,011 Other current assets
2028 Bond Hedge30,142 11,252 Other assets
Total derivatives not designated as hedging instruments30,800 14,263 
Total$31,527 $21,719  
LIABILITIES:   
Derivatives designated as hedging instruments:   
Cash flow hedges:
   Foreign exchange currency contracts$6,744 $— Accrued expenses and other current liabilities
Total derivatives designated as hedging instruments6,744 — 
Derivatives not designated as hedging instruments:   
Foreign exchange currency contracts3,309 8 Accrued expenses/Other long-term liabilities
Embedded derivative6,590 2,460 Convertible senior notes due 2028, net
Total derivatives not designated as hedging instruments9,899 2,468 
Total$16,643 $2,468  
Derivatives Designated as Hedging Instruments
Foreign Exchange Currency Contracts Designated as Cash Flow Hedges
During the nine months ended November 1, 2025, the Company purchased U.S. dollar forward contracts in Europe totaling $141.0 million that were designated as cash flow hedges. As of November 1, 2025, the Company had forward contracts outstanding for its European operations of $142.0 million to hedge forecasted merchandise purchases, which are expected to mature over the next 12 months.
As of November 1, 2025, AOCL related to foreign exchange currency contracts included a $9.0 million net unrealized loss, net of tax, of which $8.4 million will be recognized in cost of product sales over the following 12 months, at the then current values on a pre-tax basis, which can be different than the current quarter-end values.
As of February 1, 2025, the Company had forward contracts outstanding for its European operations of $182.0 million that were 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): 
Gain (Loss) Recognized in OCL
Gain (Loss) Reclassified from AOCL into Earnings (Loss)Location of Gain (Loss) Reclassified from AOCL into Earnings (Loss)
Nov 1, 2025Nov 2, 2024Nov 1, 2025Nov 2, 2024
Three Months Ended
Derivatives designated as cash flow hedges:  
Foreign exchange currency contracts$1,449 $1,898 $(2,225)$418 Cost of product sales
Interest rate swap$— $— $— $— Interest expense
Nine Months Ended
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts$(18,857)$1,647 $(568)$(1,683)Cost of product sales
Interest rate swap$— $(604)$— $212 Interest expense
The following summarizes net after income tax derivative activity recorded in AOCL (in thousands):
 Three Months EndedNine Months Ended
 Nov 1, 2025Nov 2, 2024Nov 1, 2025Nov 2, 2024
Beginning balance gain (loss)$(12,289)$476 $7,300 $(544)
Net gain (loss) from changes in cash flow hedges1,289 1,688 (16,824)1,001 
Net (gain) loss reclassified into earnings (loss)1,981 (372)505 1,335 
Ending balance gain (loss)$(9,019)$1,792 $(9,019)$1,792 
Foreign Exchange Currency Contracts Not Designated as Hedging Instruments
As of November 1, 2025, the Company had euro foreign exchange currency contracts to purchase $94.0 million expected to mature over the next 12 months. As of February 1, 2025, the Company had euro foreign exchange currency contracts to purchase $74.0 million.
As discussed in Note 11 - Convertible Senior Notes and Related Transactions, the Company has recognized equity-linked derivatives including the embedded derivative associated with the Additional 2028 Notes. In connection with the 2028 Notes, the Company also purchased the 2028 Bond Hedge which did not qualify for the derivative scope exception for equity-linked instruments. These derivatives are not designated as hedging instruments for accounting purposes. Changes in fair value of these derivatives are reported in net earnings (loss) as part of other income (expense).
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 EndedNine Months Ended
 Nov 1, 2025Nov 2, 2024Nov 1, 2025Nov 2, 2024
Foreign exchange currency contractsOther income (expense), net$1,295 $468 $(8,607)$50 
2028 Bond HedgeOther income (expense), net$22,961 $(50,953)$18,890 $(56,963)
Embedded derivativeOther income (expense), net$(5,020)$11,140 $(4,130)$15,168