v2.4.0.6
Fair Value Measurements (Tables)
9 Months Ended
Oct. 27, 2012
Fair Value Measurements Disclosure [Abstract]  
Schedule of difference between carrying value and fair value of notes
The following table reflects the difference between the financial statement carrying value and fair value of the January 2014 Notes as of October 27, 2012 and January 28, 2012 (in thousands):
 
October 27, 2012
 
January 28, 2012
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
January 2014 Notes
1,515,428

 
1,652,853

 
1,525,003

 
1,721,490

The table below presents the fair value of the Company's derivative financial instruments that qualify for hedge accounting as well as their classification on the condensed consolidated balance sheet as of October 27, 2012 and January 28, 2012 (in thousands):
 
 
 
 
Fair Value
 
 
Condensed Consolidated Balance Sheet Location
 
October 27, 2012
 
January 28, 2012
Asset derivatives:
 
 
 
 
 
 
Foreign currency forward
 
Other assets
 
$
529

 
$

Liability derivatives:
 
 
 
 
 
 
Interest rate swaps
 
Other long-term liabilities
 
$
(444
)
 
$

Foreign currency forward
 
Other long-term liabilities
 
(25,068
)
 
(21,974
)
Foreign currency swaps
 
Other long-term liabilities
 

 
(14,353
)
Total
 
 
 
$
(25,512
)
 
$
(36,327
)
Assets and liabilities measured at fair value on a recurring basis
The following table shows the Company’s assets and liabilities as of October 27, 2012 and January 28, 2012 that are measured and recorded in the financial statements at fair value on a recurring basis (in thousands): 
 
October 27, 2012
 
Quoted Prices in Active Markets for Identical Assets or Liabilities
 
Significant Other Observable Inputs
 
Unobservable Inputs
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
Money market funds
$
473,390

 
$

 
$

Derivative assets

 
529

 

Liabilities
 
 
 
 
 
Derivative liabilities

 
(26,020
)
 



 
January 28, 2012
 
Quoted Prices in Active Markets for Identical Assets or Liabilities
 
Significant Other Observable Inputs
 
Unobservable Inputs
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
Money market funds
$
468,913

 
$

 
$

Liabilities
 
 
 
 
 
Derivative liabilities

 
(36,418
)