XML 54 R43.htm IDEA: XBRL DOCUMENT v3.25.3
Derivative Financial Instruments (Tables)
 9 Months Ended
Nov. 01, 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 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  
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): 
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$— $(604)$— $212 Interest expense
Schedule of Net After-tax Derivative Activity Recorded in Accumulated Other Comprehensive Income (Loss)
The following summarizes net after income tax derivative activity recorded in AOCL (in thousands):
 Three Months EndedNine Months Ended
 Nov 1, 2025Nov 2, 2024Nov 1, 2025Nov 2, 2024
Beginning balance gain (loss)$(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 
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 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