DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Nov. 01, 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:

	November 1, 2020						February 2, 2020
	Gross Notional		Assets		Liabilities		Gross Notional		Assets		Liabilities
	(In thousands)
Derivatives designated as net investment hedges:
Forward currency contracts	$	693,000	$	—	$	8,147	$	417,000	$	1,583	$	—
Derivatives not designated in a hedging relationship:
Forward currency contracts	744,000		7,491		1,541		460,000		152		1,920
Net derivatives recognized on consolidated balance sheets:
Forward currency contracts			$	7,491	$	9,688			$	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				Three Quarters Ended
	November 1, 2020		November 3, 2019		November 1, 2020		November 3, 2019
	(In thousands)
Gains (losses) recognized in foreign currency translation adjustment:
Derivatives designated as net investment hedges	$	(7,391)	$	(839)	$	(3,863)	$	1,103

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				Three Quarters Ended
	November 1, 2020		November 3, 2019		November 1, 2020		November 3, 2019
	(In thousands)
Gains (losses) recognized in selling, general and administrative expenses:
Foreign exchange gains (losses)	$	(3,627)	$	(2,945)	$	247	$	(1,700)
Derivatives not designated in a hedging relationship	3,823		(94)		(2,123)		(1,603)
Net foreign exchange and derivative gains (losses)	$	195	$	(3,039)	$	(1,876)	$	(3,303)