FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

May 03, 2020

Fair Value Disclosures [Abstract]

Fair Value, Assets and Liabilities Measured on Recurring Basis

As of May 3, 2020 and February 2, 2020, the Company held certain assets and liabilities that are required to be measured at fair value on a recurring basis:

	May 3, 2020		Level 1		Level 2		Level 3		Balance Sheet Classification
	(In thousands)
Money market funds	$	476,607	$	476,607	$	—	$	—	Cash and cash equivalents
Term deposits	132,222		—		132,222		—		Cash and cash equivalents
Forward currency contract assets	23,511		—		23,511		—		Other prepaid expenses and other current assets
Forward currency contract liabilities	23,766		—		23,766		—		Other current liabilities

	February 2, 2020		Level 1		Level 2		Level 3		Balance Sheet Classification
	(In thousands)
Money market funds	$	610,800	$	610,800	$	—	$	—	Cash and cash equivalents
Term deposits	203,360		—		203,360		—		Cash and cash equivalents
Forward currency contract assets	1,735		—		1,735		—		Other prepaid expenses and other current assets
Forward currency contract liabilities	1,920		—		1,920		—		Other current liabilities