Risk Management and Derivatives (Tables)

6 Months Ended

Jul. 29, 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

As of July 29, 2017, July 30, 2016 and January 28, 2017, the Company had forward contracts maturing at various dates through August 2018, July 2017 and February 2018, respectively. The contract amounts in the following table represent the net notional amount of all purchase and sale contracts of a foreign currency. 

(U.S. $ equivalent in thousands)	July 29, 2017		July 30, 2016		January 28, 2017
Financial Instruments
U.S. dollars (purchased by the Company’s Canadian division with Canadian dollars)	$	18,110	$	17,404	$	18,826
Euro	14,725		13,544		13,297
Chinese yuan	11,887		12,477		7,723
New Taiwanese dollars	567		522		526
United Arab Emirates dirham	254		939		823
Japanese yen	176		1,026		769
Other currencies	14		174		124
Total financial instruments	$	45,733	$	46,086	$	42,088

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The classification and fair values of derivative instruments designated as hedging instruments included within the condensed consolidated balance sheets as of July 29, 2017, July 30, 2016 and January 28, 2017 are as follows:

	Asset Derivatives			Liability Derivatives
($ thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange forward contracts:
July 29, 2017	Prepaid expenses and other current assets	$	918	Other accrued expenses	$	1,083
July 30, 2016	Prepaid expenses and other current assets	365		Other accrued expenses	565
January 28, 2017	Prepaid expenses and other current assets	234		Other accrued expenses	874

Schedule of Effect of Derivative Instruments in Cash Flow Hedging Relationships on Condensed Consolidated Statements of Earnings

For the periods ended July 29, 2017 and July 30, 2016, the effect of derivative instruments in cash flow hedging relationships on the condensed consolidated statements of earnings was as follows:

	Thirteen Weeks Ended					Thirteen Weeks Ended
($ thousands)	July 29, 2017					July 30, 2016
Foreign exchange forward contracts: Income Statement Classification (Losses) Gains - Realized	Loss Recognized in OCL on Derivatives			Gain Reclassified from Accumulated OCL into Earnings		(Loss) Gain Recognized in OCL on Derivatives			(Loss) Gain Reclassified from Accumulated OCL into Earnings
Net sales	$	(8	)	$	6	$	(25	)	$	(36	)
Cost of goods sold	(55		)	158		(472		)	33
Selling and administrative expenses	(194		)	—		(75		)	(187		)
Interest expense	(14		)	—		14			—

	Twenty-Six Weeks Ended						Twenty-Six Weeks Ended
($ thousands)	July 29, 2017						July 30, 2016
Foreign exchange forward contracts: Income Statement Classification (Losses) Gains - Realized	(Loss) Gain Recognized in OCL on Derivatives			Gain (Loss) Reclassified from Accumulated OCL into Earnings			Loss Recognized in OCL on Derivatives			(Loss) Gain Reclassified from Accumulated OCL into Earnings
Net sales	$	(40	)	$	24		$	(189	)	$	(72	)
Cost of goods sold	737			161			(585		)	116
Selling and administrative expenses	117			(67		)	(24		)	(357		)
Interest expense	(10		)	(1		)	(24		)	—