Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

May 03, 2013

Derivative Instruments and Hedging Activities

Fair value of the company's derivatives and consolidated balance sheet location

Asset Derivatives

Liability Derivatives

May 3, 2013

May 4, 2012

May 3, 2013

May 4, 2012

Balance

Balance

Balance

Balance

Sheet

Fair

Sheet

Fair

Sheet

Fair

Sheet

Fair

(Dollars in thousands)

Location

Value

Location

Value

Location

Value

Location

Value

Derivatives Designated as  Hedging Instruments

Forward currency contracts

Prepaid expenses

$

2,027

Prepaid expenses

$

759

Accrued liabilities

$

478

Accrued liabilities

$

—

Cross currency swaps

Prepaid expenses

—

Prepaid expenses

—

Accrued liabilities

598

Accrued liabilities

—

Derivatives Not Designated as Hedging Instruments

Forward currency contracts

Prepaid expenses

241

Prepaid expenses

1,318

Accrued liabilities

763

Accrued liabilities

339

Cross currency swaps

Prepaid expenses

189

Prepaid expenses

—

Accrued liabilities

—

Accrued liabilities

—

Total Derivatives

$

2,457

$

2,077

$

1,839

$

339

Impact of derivative instruments on the consolidated statements of earnings for the company's derivatives designated as cash flow hedging instruments

														Location of Gain (Loss)	Gain (Loss)
							Location of Gain							Recognized in Income	Recognized in Income
	Gain (Loss)						(Loss) Reclassified	Gain (Loss)						on Derivatives	on Derivatives
	Recognized in OCI on						from AOCL	Reclassified from						(Ineffective Portion	(Ineffective Portion and
	Derivatives						into Income	AOCL into Income						and excluded from	Excluded from
	(Effective Portion)						(Effective Portion)	(Effective Portion)						Effectiveness Testing)	Effectiveness Testing)
(Dollars in thousands)	May 3,			May 4,				May 3,			May 4,				May 3,		May 4,
For the three months ended	2013			2012				2013			2012				2013		2012
Forward currency contracts	$	1,523		$	(870	)	Net sales	$	(796	)	$	1,265		Other income, net	$	133	$	281
Forward currency contracts	363			120			Cost of sales	177			(214		)
Cross currency contracts	(406		)	—			Other income, net	(292		)	—
Total	$	1,480		$	(750	)		$	(911	)	$	1,051

	May 3,			May 4,			May 3,			May 4,				May 3,		May 4,
For the six months ended	2013			2012			2013			2012				2013		2012
Forward currency contracts	$	674		$	241	Net sales	$	(1,342	)	$	1,705		Other income, net	$	701	$	203
Forward currency contracts	601			692		Cost of sales	241			(646		)
Cross currency contracts	(605		)	—		Other income, net	(839		)	—
Total	$	670		$	933		$	(1,940	)	$	1,059

Impact of derivative instruments on the consolidated statements of earnings for the company's derivatives not designated as hedging instruments

		Gain (Loss) Recognized in Net Earnings
		Three Months Ended				Six Months Ended
	Location of Gain (Loss)	May 3,		May 4,		May 3,			May 4,
(Dollars in thousands)	Recognized in Net Earnings	2013		2012		2013			2012
Forward currency contracts	Other income, net	$	2,394	$	158	$	(960	)	$	4,506
Cross currency swaps	Other income, net	342		—		(181		)	—
		$	2,736	$	158	$	(1,141	)	$	4,506