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Other Comprehensive Loss (Tables)
 6 Months Ended
Aug. 02, 2024
Equity [Abstract]  
Schedule of Other Comprehensive Loss

Other comprehensive income (loss) encompasses all changes in equity other than those arising from transactions with stockholders and is comprised solely of foreign currency translation adjustments. Our foreign subsidiaries use their foreign currency as their functional currency. Functional currency assets and liabilities are translated into U.S. Dollars using exchange rates in effect at the balance sheet date, and revenues and expenses are translated at average exchange rates during the period. Resulting translation gains and losses are reported in other comprehensive income (loss), until the substantial liquidation of a subsidiary, at which time accumulated transactions gains or losses are reclassified into net income.

 

 

 

13 Weeks Ended

 

 

26 Weeks Ended

 

(in thousands)

 

August 2, 2024

 

 

July 28, 2023

 

 

August 2, 2024

 

 

July 28, 2023

 

Beginning balance: Accumulated other comprehensive loss
      (net of tax of $4,068, $4,503, $4,271 and $4,525, respectively)

 

$

(16,582

)

 

$

(16,941

)

 

$

(16,069

)

 

$

(17,022

)

Other comprehensive income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments (net of tax of ($79), ($186), ($282) and ($208), respectively)

 

 

299

 

 

 

700

 

 

 

(214

)

 

 

781

 

Ending balance: Accumulated other comprehensive loss
      (net of tax of $3,989, $4,317, $3,989 and $4,317, respectively)

 

$

(16,283

)

 

$

(16,241

)

 

$

(16,283

)

 

$

(16,241

)