DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

May 03, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Forward Currency Contracts, Statement of Financial Position

The notional amounts and fair values of forward currency contracts were as follows:

	May 3, 2020						February 2, 2020
	Gross Notional		Assets		Liabilities		Gross Notional		Assets		Liabilities
	(In thousands)
Derivatives designated as net investment hedges:
Forward currency contracts	$	461,000	$	23,364	$	—	$	417,000	$	1,583	$	—
Derivatives not designated in a hedging relationship:
Forward currency contracts	505,000		147		23,766		460,000		152		1,920
Net derivatives recognized on consolidated balance sheets:
Forward currency contracts			$	23,511	$	23,766			$	1,735	$	1,920

Schedule of Pre-tax Gains (Losses) on Derivatives in Accumulated Other Comprehensive Income (Loss)

The pre-tax gains and losses on foreign exchange forward contracts recorded in accumulated other comprehensive income or loss were as follows:

	Quarter Ended
	May 3, 2020		May 5, 2019
	(In thousands)
Gains (losses) recognized in foreign currency translation adjustment:
Derivatives designated as net investment hedges	$	28,256	$	6,764

Schedule of Derivative Gains and Losses

The pre-tax net foreign exchange and derivative gains and losses recorded in the consolidated statement of operations were as follows:

	Quarter Ended
	May 3, 2020			May 5, 2019
	(In thousands)
Gains (losses) recognized in selling, general and administrative expenses:
Foreign exchange gains	$	27,742		$	5,697
Derivatives not designated in a hedging relationship	(27,520		)	(6,631		)
Net foreign exchange and derivative gains (losses)	$	222		$	(934	)