XML 22 R13.htm IDEA: XBRL DOCUMENT v3.25.1
Other Comprehensive Loss
 3 Months Ended
May 02, 2025
Equity [Abstract]  
Other Comprehensive Loss

NOTE 4. 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 translation gains or losses are reclassified into net income (loss).

 

 

 

13 Weeks Ended

 

(in thousands)

 

May 2, 2025

 

 

May 3, 2024

 

Beginning balance: Accumulated other comprehensive loss
      (net of tax of $4,234, $4,271, respectively)

 

$

(16,669

)

 

$

(16,069

)

Other comprehensive income (loss):

 

 

 

 

 

 

Foreign currency translation adjustments (net of tax of $(202), $(203), respectively)

 

 

1,498

 

 

 

(513

)

Ending balance: Accumulated other comprehensive loss
      (net of tax of $4,032, $4,068, respectively)

 

$

(15,171

)

 

$

(16,582

)

 

No amounts were reclassified out of Accumulated other comprehensive loss during any of the periods presented.