DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Aug. 02, 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:

	August 2, 2020						February 2, 2020
	Gross Notional		Assets		Liabilities		Gross Notional		Assets		Liabilities
	(In thousands)
Derivatives designated as net investment hedges:
Forward currency contracts	$	721,000	$	—	$	5,870	$	417,000	$	1,583	$	—
Derivatives not designated in a hedging relationship:
Forward currency contracts	726,000		6,513		689		460,000		152		1,920
Net derivatives recognized on consolidated balance sheets:
Forward currency contracts			$	6,513	$	6,559			$	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				Two Quarters Ended
	August 2, 2020		August 4, 2019		August 2, 2020		August 4, 2019
	(In thousands)
Gains (losses) recognized in foreign currency translation adjustment:
Derivatives designated as net investment hedges	$	(24,728)	$	(4,822)	$	3,528	$	1,941

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				Two Quarters Ended
	August 2, 2020		August 4, 2019		August 2, 2020		August 4, 2019
	(In thousands)
Gains (losses) recognized in selling, general and administrative expenses:
Foreign exchange gains (losses)	$	(23,867)	$	(4,452)	$	3,874	$	1,245
Derivatives not designated in a hedging relationship	21,574		5,121		(5,946)		(1,510)
Net foreign exchange and derivative gains (losses)	$	(2,293)	$	669	$	(2,072)	$	(265)