XML 55 R39.htm IDEA: XBRL DOCUMENT v3.7.0.1
Risk Management and Derivatives (Tables)
 12 Months Ended
Jan. 28, 2017
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Schedule of Contract Notional Amount of all Purchase and Sale Contracts of a Foreign Currency
(U.S. $ equivalent in thousands)
 
January 28, 2017

 
January 30, 2016

Financial Instruments
 
 
 
 
U.S. dollars (purchased by the Company’s Canadian division with Canadian dollars)
 
$
18,826

 
$
14,118

Euro
 
13,297

 
15,499

Chinese yuan
 
7,723

 
14,623

Japanese yen
 
769

 
1,159

United Arab Emirates dirham
 
823

 
930

New Taiwanese dollars
 
526

 
570

Other currencies
 
124

 
219

Total financial instruments
 
$
42,088

 
$
47,118
Schedule of Derivatives Instruments Statements of Financial Position
The classification and fair values of derivative instruments designated as hedging instruments included within the consolidated balance sheets as of January 28, 2017 and January 30, 2016 are as follows:

($ in thousands)
Asset Derivatives
 
Liability Derivatives
 
Balance Sheet Location
Fair Value
 
 
Balance Sheet Location
Fair Value
 
Foreign exchange forwards contracts:
 
 
 
 
 
 
January 28, 2017
Prepaid expenses and other current assets
 
$
234

 
Other accrued expenses
 
$
874

January 30, 2016
Prepaid expenses and other current assets
 
$
1,000

 
Other accrued expenses
 
$
846
Schedule of Effect of Derivative Instruments in Cash Flow Hedging Relationships on Consolidated Statements of Earnings
During 2016 and 2015, the effect of derivative instruments in cash flow hedging relationships on the consolidated statements of earnings was as follows:

 
 
2016
 
2015
Foreign exchange forward contracts:
Income Statement Classification
(Losses) Gains - Realized
 
Loss
Recognized in
OCI on
Derivatives

 
(Loss) Gain Reclassified
from Accumulated
OCI into Earnings

 
Gain (Loss)
Recognized in
OCI on
Derivatives

 
Gain (Loss) Reclassified
from Accumulated
OCI into Earnings

Net sales
 
$
(61
)
 
$
(125
)
 
$
57

 
$
147

Cost of goods sold
 
(1,308
)
 
64

 
1,028

 
(27
)
Selling and administrative expenses
 
(359
)
 
(441
)
 
(907
)
 
(297
)
Interest expense
 
(21
)
 
(4
)
 
(17
)
 
—