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Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Feb. 03, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of derivatives and consolidated balance sheet location

The following table presents the fair value of the company’s derivatives and consolidated balance sheet location.
 
 
Fair Value at
 
Fair Value at
 
Fair Value at
(Dollars in thousands)
 
February 3, 2017
 
January 29, 2016
 
October 31, 2016
Asset Derivatives
 
 

 
 

 
 

Derivatives Designated as Hedging Instruments
 
 

 
 

 
 

Prepaid expenses and other current assets
 
 

 
 

 
 

Forward currency contracts
 
$
1,552

 
$
3,393

 
$
1,535

Cross currency contract
 
—

 
142

 
—

Derivatives Not Designated as Hedging Instruments
 
 

 
 

 
 

Prepaid expenses and other current assets
 
 

 
 

 
 

Forward currency contracts
 
795

 
1,347

 
432

Cross currency contract
 
—

 
2,218

 
—

Total Assets
 
$
2,347

 
$
7,100

 
$
1,967

Liability Derivatives
 
 

 
 

 
 

Derivatives Designated as Hedging Instruments
 
 

 
 

 
 

Accrued liabilities
 
 

 
 

 
 

Forward currency contracts
 
$
1,363

 
$
2,967

 
$
973

Derivatives Not Designated as Hedging Instruments
 
 

 
 

 
 

Accrued liabilities
 
 

 
 

 
 

Forward currency contracts
 
141

 
235

 
792

Total Liabilities
 
$
1,504

 
$
3,202

 
$
1,765
Schedule of impact of derivative instruments on consolidated statements of earnings for derivatives designated as cash flow hedging instruments
The following table presents the impact of derivative instruments on the consolidated statements of earnings for the company’s derivatives designated as cash flow hedging instruments for the three months ended February 3, 2017 and January 29, 2016, respectively.
 
 
Effective Portion
 
Ineffective Portion and excluded from 
Effectiveness Testing
 
 
Gain (Loss) 
Recognized in OCI on
Derivatives
 
Location of Gain (Loss)
Reclassified from 
AOCL into Income
 
Gain (Loss) Reclassified 
from AOCL into Income
 
Location of Gain 
(Loss) Recognized in 
Income on Derivatives
 
Gain (Loss) Recognized 
in Income on Derivatives
(Dollars in thousands)
 
February 3,
2017
 
January 29,
2016
 
 
 
February 3,
2017
 
January 29,
2016
 
 
 
February 3,
2017
 
January 29,
2016
For the three months ended
 
 
 
 
 
 
 
 
 
 
Forward currency contracts
 
$
(372
)
 
$
565

 
Net sales
 
$
439

 
$
1,080

 
Other income, net
 
$
397

 
$
(12
)
Forward currency contracts
 
(152
)
 
(1,659
)
 
Cost of sales
 
(762
)
 
(314
)
 
 
 
 

 
 

Cross currency contracts
 
—

 
34

 
Other income, net
 
—

 
128

 
 
 
 

 
 

Total derivatives designated as cash flow hedges
 
$
(524
)
 
$
(1,060
)
 
Total
 
$
(323
)
 
$
894

 
Total
 
$
397

 
$
(12
)
Schedule of impact of derivative instruments on consolidated statements of earnings for derivatives not designated as hedging instruments
The following table presents the gain/(loss) of derivative instruments on the consolidated statements of earnings for the company’s derivatives not designated as hedging instruments.
 
 
 
 
Three Months Ended
 
 
Location of Gain (Loss) 
 
February 3,
2017
 
January 29,
2016
(Dollars in thousands)
 
 
 
Forward currency contracts
 
Other income, net
 
$
1,144

 
$
1,337

Cross currency contracts
 
Other income, net
 
—

 
130

Total derivatives not designated as hedges
 
 
 
$
1,144

 
$
1,467
Schedule of effects of master netting arrangements on fair value of derivative contracts recorded in consolidated balance sheets
The following table shows the effects of the master netting arrangements on the fair value of the company’s derivative contracts that are recorded in the consolidated balance sheets:
(Dollars in thousands)
 
February 3, 2017
 
January 29, 2016
 
October 31, 2016
Assets
 
 

 
 

 
 

Forward currency contracts
 
 

 
 

 
 

Gross Amounts of Recognized Assets
 
$
2,347

 
$
4,740

 
$
2,264

Gross Liabilities Offset in the Balance Sheets
 
—

 
—

 
(297
)
Net Amounts of Assets Presented in the Balance Sheets
 
2,347

 
4,740

 
1,967

Cross currency contracts
 
 

 
 

 
 

Gross Amounts of Recognized Assets
 
—

 
2,360

 
—

Net Amounts of Assets Presented in the Balance Sheets
 
—

 
2,360

 
—

Total Assets
 
$
2,347

 
$
7,100

 
$
1,967

Liabilities
 
 

 
 

 
 

Forward currency contracts
 
 

 
 

 
 

Gross Amounts of Recognized Liabilities
 
$
(1,614
)
 
$
(3,202
)
 
$
(1,765
)
Gross Assets Offset in the Balance Sheets
 
110

 
—

 
—

Net Amounts of Liabilities Presented in the Balance Sheets
 
(1,504
)
 
(3,202
)
 
(1,765
)
Total Liabilities
 
$
(1,504
)
 
$
(3,202
)
 
$
(1,765
)