Stockholders' Equity

6 Months Ended

May 02, 2015

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Dividends

During the six months ended May 2, 2015, the Company’s Board of Directors declared the following dividends (in thousands, except per share amounts):

Declaration Date	Dividend per Share		Record Date	Total Amount Paid		Payment Date
November 23, 2014	$	0.035	December 10, 2014	$	15,106	January 2, 2015
February 16, 2015	$	0.035	March 10, 2015	$	14,748	April 2, 2015

No dividends were declared or paid by the Company during the six months ended May 3, 2014. Future dividend payments are subject to review and approval on a quarterly basis by the Company’s Board of Directors or a committee thereof.

Convertible Note Hedge and Warrant Related to the Convertible Senior Unsecured Notes

In connection with the issuance of the 2020 Convertible Notes, the Company entered into convertible note hedge and warrant transactions with certain financial institutions with respect to its common stock. See Note 8, “Borrowings,” of the Notes to Condensed Consolidated Financial Statements for further discussion.

Accumulated Other Comprehensive Loss

The tax effects allocated to each component of other comprehensive income (loss) for the three months endedMay 2, 2015, and May 3, 2014, are as follows (in thousands):

	Three Months Ended
	May 2, 2015									May 3, 2014
	Before-Tax Amount			Tax (Expense) or Benefit			Net-of-Tax Amount			Before-Tax Amount		Tax Benefit			Net-of-Tax Amount
Unrealized gains (losses) on cash flow hedges:
Change in unrealized gains and losses, foreign exchange contracts	$	(17	)	$	(126	)	$	(143	)	$	1,248	$	(154	)	$	1,094
Net gains and losses reclassified into earnings, foreign exchange contracts (1)	1,255			(146		)	1,109			39		(7		)	32
Net unrealized gains (losses) on cash flow hedges	1,238			(272		)	966			1,287		(161		)	1,126
Foreign currency translation adjustments	(1,068		)	—			(1,068		)	1,298		—			1,298
Total other comprehensive income (loss)	$	170		$	(272	)	$	(102	)	$	2,585	$	(161	)	$	2,424

The tax effects allocated to each component of other comprehensive income (loss) for the six months endedMay 2, 2015, and May 3, 2014, are as follows (in thousands):

	Six Months Ended
	May 2, 2015									May 3, 2014
	Before-Tax Amount			Tax (Expense) or Benefit			Net-of-Tax Amount			Before-Tax Amount		Tax Benefit			Net-of-Tax Amount
Unrealized gains (losses) on cash flow hedges:
Change in unrealized gains and losses, foreign exchange contracts	$	(2,197	)	$	279		$	(1,918	)	$	227	$	(57	)	$	170
Net gains and losses reclassified into earnings, foreign exchange contracts (1)	1,938			(225		)	1,713			6		(5		)	1
Net unrealized gains (losses) on cash flow hedges	(259		)	54			(205		)	233		(62		)	171
Foreign currency translation adjustments	(5,289		)	—			(5,289		)	475		—			475
Total other comprehensive income (loss)	$	(5,548	)	$	54		$	(5,494	)	$	708	$	(62	)	$	646

⁽¹⁾ For Condensed Consolidated Statements of Operations classification of amounts reclassified from accumulated other comprehensive loss, see Note 10, “Derivative Instruments and Hedging Activities,” of the Notes to Condensed Consolidated Financial Statements.

The changes in accumulated other comprehensive loss by component, net of tax, for the six months endedMay 2, 2015, and May 3, 2014, are as follows (in thousands):

	Six Months Ended
	May 2, 2015									May 3, 2014
	Gains (Losses) on Cash Flow Hedges			Foreign Currency Translation Adjustments			Total Accumulated Other Comprehensive Loss			Gains (Losses) on Cash Flow Hedges		Foreign Currency Translation Adjustments			Total Accumulated Other Comprehensive Loss
Beginning balance	$	(1,907	)	$	(16,907	)	$	(18,814	)	$	267	$	(13,711	)	$	(13,444	)
Change in unrealized gains and losses	(1,918		)	(5,289		)	(7,207		)	170		475			645
Net gains and losses reclassified into earnings	1,713			—			1,713			1		—			1
Net current-period other comprehensive income (loss)	(205		)	(5,289		)	(5,494		)	171		475			646
Ending balance	$	(2,112	)	$	(22,196	)	$	(24,308	)	$	438	$	(13,236	)	$	(12,798	)