Risk Management and Derivatives (Tables)

3 Months Ended

May 04, 2019

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Schedule of Net Notional Amount of All Purchase and Sale Contracts of a Foreign Currency

As of May 4, 2019, May 5, 2018 and February 2, 2019, the Company had forward contracts maturing at various dates through May 2020, May 2019 and January 2020, 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)	May 4, 2019		May 5, 2018		February 2, 2019
Financial Instruments
Euro	$	12,134	$	17,180	$	13,383
U.S. dollars (purchased by the Company’s Canadian division with Canadian dollars)	13,230		14,828		15,196
Chinese yuan	2,858		12,520		4,507
New Taiwanese dollars	469		514		461
Other currencies	376		422		382
Total financial instruments	$	29,067	$	45,464	$	33,929

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 May 4, 2019, May 5, 2018 and February 2, 2019 are as follows:

	Asset Derivatives			Liability Derivatives
($ thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign Exchange Forward Contracts
May 4, 2019	Prepaid expenses and other current assets	$	183	Other accrued expenses	$	459
May 5, 2018	Prepaid expenses and other current assets	591		Other accrued expenses	392
February 2, 2019	Prepaid expenses and other current assets	159		Other accrued expenses	745

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

For the thirteen weeks ended May 4, 2019 and May 5, 2018, 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)	May 4, 2019						May 5, 2018
Foreign Exchange Forward Contracts: Income Statement Classification (Losses) Gains - Realized	(Loss) Gain Recognized in OCL on Derivatives			Loss Reclassified from Accumulated OCL into Earnings			Loss Recognized in OCL on Derivatives			(Loss) Gain Reclassified from Accumulated OCL into Earnings
Net sales	$	(99	)	$	—		$	(25	)	$	—
Cost of goods sold	289			(22		)	(402		)	(92		)
Selling and administrative expenses	35			(149		)	(72		)	237
Interest expense, net	—			—			—			—