SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jan. 29, 2022

Accounting Policies [Abstract]

Cash, Cash Equivalents and Investments

A summary of cash and equivalents on the Consolidated Balance Sheets follows:

(in thousands)	January 29, 2022		January 30, 2021
Cash (1)	$	762,187	$	796,994
Cash equivalents: (2)
Time deposits	11,643		11,589
Money market funds	49,309		296,279
Cash and equivalents	$	823,139	$	1,104,862

(1)    Primarily consists of amounts on deposit with financial institutions.

(2)    Investments with original maturities of less than three months.

Schedule of Cash Flow, Supplemental Disclosures

Consolidated Statements of Cash Flows reconciliation

The following table provides a reconciliation of cash and equivalents and restricted cash and equivalents to the amounts shown on the Consolidated Statements of Cash Flows:

(in thousands)	Location	January 29, 2022		January 30, 2021		February 1, 2020
Cash and equivalents	Cash and equivalents	$	823,139	$	1,104,862	$	671,267
Long-term restricted cash and equivalents	Other assets	11,229		14,814		18,696
Short-term restricted cash and equivalents	Other current assets	—		4,481		2,301
Restricted cash and equivalents (1)		$	11,229	$	19,295	$	20,997
Cash and equivalents and restricted cash and equivalents		$	834,368	$	1,124,157	$	692,264

Schedule of Stock by Class

A summary of the Company’s Class A Common Stock (the “Common Stock”), $0.01 par value, and Class B Common Stock, $0.01 par value, follows:

(in thousands)	January 29, 2022	January 30, 2021
Class A Common Stock
Shares authorized	150,000	150,000
Shares issued	103,300	103,300
Shares outstanding	52,985	62,399
Class B Common Stock (1)
Shares authorized	106,400	106,400

(1)    No shares were issued or outstanding as of each of January 29, 2022 and January 30, 2021.

Shipping & Handling Costs

A summary of shipping and handling costs, which includes costs incurred to store, move and prepare product for shipment and costs incurred to physically move product to our customers across channels, follows:

(in thousands)	Fiscal 2021		Fiscal 2020		Fiscal 2019
Shipping and handling costs	$	306,222	$	291,534	$	224,604

Other operating income, net

A summary of foreign-currency-denominated transactions, including those related to derivative instruments, follows:

(in thousands)	Fiscal 2021		Fiscal 2020		Fiscal 2019
Foreign-currency-denominated transaction gains	$	4,232	$	3,933	$	348

Interest Income and Interest Expense Disclosure

A summary of interest expense, net follows:

(in thousands)	Fiscal 2021		Fiscal 2020		Fiscal 2019
Interest expense	$	37,958	$	31,726	$	19,908
Interest income	(3,848)		(3,452)		(12,171)
Interest expense, net	$	34,110	$	28,274	$	7,737

Advertising Cost

A summary of advertising costs follows:

(in thousands)	Fiscal 2021		Fiscal 2020		Fiscal 2019
Advertising costs	$	204,575	$	118,537	$	134,058

Schedule of Weighted Average Number of Shares

Additional information pertaining to net income (loss) per share attributable to A&F follows:

(in thousands)	Fiscal 2021	Fiscal 2020	Fiscal 2019
Shares of Common Stock issued	103,300	103,300	103,300
Weighted-average treasury shares	(43,703)	(40,749)	(38,872)
Weighted-average — basic shares	59,597	62,551	64,428
Dilutive effect of share-based compensation awards	3,039	—	1,350
Weighted-average — diluted shares	62,636	62,551	65,778
Anti-dilutive shares (1)	1,002	3,270	1,462