SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jan. 28, 2023

Accounting Policies [Abstract]

Cash, Cash Equivalents and Investments

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

(in thousands)	January 28, 2023		January 29, 2022
Cash (1)	$	467,238	$	762,187
Cash equivalents: (2)
Time deposits	—		11,643
Money market funds	50,364		49,309
Cash and equivalents	$	517,602	$	823,139

(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 28, 2023		January 29, 2022		January 30, 2021
Cash and equivalents	Cash and equivalents	$	517,602	$	823,139	$	1,104,862
Long-term restricted cash and equivalents	Other assets	9,967		11,229		14,814
Short-term restricted cash and equivalents	Other current assets	—		—		4,481
Restricted cash and equivalents (1)		$	9,967	$	11,229	$	19,295
Cash and equivalents and restricted cash and equivalents		$	527,569	$	834,368	$	1,124,157

Schedule of Stock by Class

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

(in thousands)	January 28, 2023	January 29, 2022
Class A Common Stock
Shares authorized	150,000	150,000
Shares issued	103,300	103,300
Shares outstanding	49,002	52,985
Class B Common Stock (1)
Shares authorized	106,400	106,400

(1)    No shares were issued or outstanding as of each of January 28, 2023 and January 29, 2022.

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 2022		Fiscal 2021		Fiscal 2020
Shipping and handling costs	$	356,280	$	306,220	$	291,534

Other operating income, net

A summary of foreign-currency-denominated transaction (losses) gains, including those related to derivative instruments, follows:

(in thousands)	Fiscal 2022		Fiscal 2021		Fiscal 2020
Foreign-currency-denominated transaction (losses) gains	$	(1,626)	$	4,232	$	3,933

Interest Income and Interest Expense Disclosure

A summary of interest expense, net follows:

(in thousands)	Fiscal 2022		Fiscal 2021		Fiscal 2020
Interest expense	$	30,236	$	37,958	$	31,726
Interest income	(4,604)		(3,848)		(3,452)
Interest expense, net	$	25,632	$	34,110	$	28,274

Advertising Cost

A summary of advertising costs follows:

(in thousands)	Fiscal 2022		Fiscal 2021		Fiscal 2020
Advertising costs	$	189,347	$	204,575	$	118,537

Schedule of Weighted Average Number of Shares

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

(in thousands)	Fiscal 2022	Fiscal 2021	Fiscal 2020
Shares of Common Stock issued	103,300	103,300	103,300
Weighted-average treasury shares	(52,993)	(43,703)	(40,749)
Weighted-average — basic shares	50,307	59,597	62,551
Dilutive effect of share-based compensation awards	2,020	3,039	—
Weighted-average — diluted shares	52,327	62,636	62,551
Anti-dilutive shares (1)	2,233	1,002	3,270