v2.4.0.6
Derivative Instruments and Hedging Activities (Tables)
9 Months Ended
Oct. 27, 2012
Derivative Instruments and Hedging Activities [Abstract]  
Fair Value, by Balance Sheet Grouping [Table Text Block]
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
)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The tables below present gains and losses recognized in Other Comprehensive Income ("OCI") during the third quarter and year-to-date 2012 and 2011 related to derivative financial instruments designated as cash flow hedges or net investment hedges, as well as the amount of gains and losses reclassified into earnings during those periods (in thousands):

 
 
 
 
Gain (loss) recognized in OCI
 
Gain (loss) reclassified into earnings
 
Location of gain (loss) recognized in earnings
 
 
 
 
October 27, 2012
 
October 27, 2012
 
Derivative Type
 
Hedge Designation
 
13 Weeks Ended
 
39 Weeks Ended
 
13 Weeks Ended
 
39 Weeks Ended
 
Interest rate swaps
 
Cash flow
 
$
1,649

 
$
(444
)
 
$

 
$

 

Foreign currency swaps
 
Net investment
 
(2,983
)
 
(505
)
 

 

 

Foreign currency forward
 
Net investment
 
(5,410
)
 
1,723

 

 

 


 
 
 
 
Gain (loss) recognized in OCI
 
Gain (loss) reclassified into earnings
 
Location of gain (loss) recognized in earnings
 
 
 
 
October 29, 2011
 
October 29, 2011
 
Derivative Type
 
Hedge Designation
 
13 Weeks Ended
 
39 Weeks Ended
 
13 Weeks Ended
 
39 Weeks Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
Cash flow
 
$

 
$
427

 
$

 
$
(304
)
 
Interest expense
Foreign currency swaps
 
Cash flow
 
3,631

 

 
900

 
900

 
Other expense
Foreign currency swaps
 
Net investment
 
12,533

 
(5,318
)