DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Jan. 28, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Foreign Exchange Forward Contracts

As of January 28, 2017, the Company had outstanding the following foreign currency exchange forward contracts that were entered into to hedge either a portion, or all, of forecasted foreign-currency-denominated intercompany inventory sales, the resulting settlement of the foreign-currency-denominated intercompany accounts receivable, or both:



(in thousands)	Notional Amount⁽¹⁾
Euro	$	77,247
British pound	$	25,751
Canadian dollar	$	14,380
Japanese yen	$	10,492


⁽¹⁾	Amounts reported are the U.S. Dollar notional amounts outstanding as of January 28, 2017.

As of January 28, 2017, the Company had outstanding the following foreign currency exchange forward contracts that were entered into to hedge foreign currency denominated net monetary assets/liabilities:



(in thousands)	Notional Amount⁽¹⁾
Euro	$	18,813
Japanese yen	$	1,767
British pound	$	1,249
Swedish krona	$	1,020


⁽¹⁾	Amounts reported are the U.S. Dollar notional amounts outstanding as of January 28, 2017.

Schedule of Locations and Amounts of Derivative Fair Values on the Consolidated Balance Sheets

The location and amounts of derivative fair values on the Consolidated Balance Sheets as of January 28, 2017 and January 30, 2016 were as follows:



	Asset Derivatives					Liability Derivatives
(in thousands)	Location	January 28, 2017		January 30, 2016		Location	January 28, 2017		January 30, 2016
Derivatives designated as hedging instruments:
Foreign currency exchange forward contracts	Other current assets	$	5,920	$	4,097	Accrued expenses	$	486	$	—
Derivatives not designated as hedging instruments:
Foreign currency exchange forward contracts	Other current assets	$	122	$	69	Accrued expenses	$	6	$	—
Total	Other current assets	$	6,042	$	4,166	Accrued expenses	$	492	$	—

Schedule of Locations and Amounts of Derivative Gains (Losses) on the Consolidated Statements of Operations and Comprehensive Income

The location and amounts of derivative gains and losses for Fiscal 2016 and Fiscal 2015 on the Consolidated Statements of Operations and Comprehensive Income (Loss) were as follows:



		Fiscal 2016		Fiscal 2015
(in thousands)	Location	Gain/(Loss)		Gain/(Loss)
Derivatives not designated as hedging instruments:
Foreign currency exchange forward contracts	Other operating income, net	$	627	$	751



	Effective Portion									Ineffective Portion and Amount Excluded from Effectiveness Testing
	Amount of Gain (Loss) Recognized in OCI on Derivative Contracts ⁽¹⁾				Location of Gain (Loss) Reclassified from AOCL into Earnings	Amount of Gain (Loss) Reclassified from AOCL into Earnings ⁽²⁾				Location of Gain Recognized in Earnings on Derivative Contracts	Amount of Gain Recognized in Earnings on Derivative Contracts ⁽³⁾
(in thousands)	January 28, 2017		January 30, 2016			January 28, 2017		January 30, 2016			January 28, 2017		January 30, 2016
Derivatives in cash flow hedging relationships:
Foreign currency exchange forward contracts	$	7,078	$	7,204	Cost of sales, exclusive of depreciation and amortization	$	6,195	$	15,596	Other operating income, net	$	1,873	$	242


⁽¹⁾	The amount represents the change in fair value of derivative contracts due to changes in spot rates.


⁽²⁾	The amount represents the reclassification from AOCL into earnings when the hedged item affects earnings, which is when merchandise is sold to the Company’s customers.


⁽³⁾	The amount represents the change in fair value of derivative contracts due to changes in the difference between the spot price and forward price that is excluded from the assessment of hedge effectiveness and, therefore, recognized in earnings.