Derivative Financial Instruments (Tables)

6 Months Ended

Aug. 03, 2013

Outstanding Derivatives Designated as Cash Flow Hedges

We had the following outstanding derivatives designated as cash-flow hedges (in thousands):

	August 3, 2013				February 2, 2013				July 28, 2012
	Number of Instruments		Notional (USD)		Number of Instruments		Notional (USD)		Number of Instruments		Notional (USD)
Interest rate derivatives
Purchased Caps		4	$	700,000		4	$	700,000		4	$	700,000
Foreign exchange derivatives
Forward foreign exchange contracts		6		7,165		6		6,377		6		7,684
Total		10	$	707,165		10	$	706,377		10	$	707,684

Fair Value of Derivative Financial Instruments

The table below presents the fair value of all of our derivative financial instruments as well as their classification on the condensed consolidated balance sheets (in thousands).

	August 3, 2013				February 2, 2013				July 28, 2012
	Derivative Assets		Derivative Liabilities		Derivative Assets		Derivative Liabilities		Derivative Assets		Derivative Liabilities
Other Assets
Purchased Interest Rate Caps	$	1,187	$	—	$	964	$	—	$	1,087	$	—
Forward foreign exchange contracts		223		—		—		—		—		—
Accrued Liabilities
Forward foreign exchange contracts		—		—		—		18		—		14
Total	$	1,410	$	—	$	964	$	18	$	1,087	$	14

Effect of Derivative Financial Instruments on Condensed Consolidated Statements of Operations

The tables below present the effect of all of our derivative financial instruments on the condensed consolidated statements of operations and comprehensive income (loss) for the 13 and 26 weeks ended August 3, 2013 and July 28, 2012 (in thousands). No amounts were reclassified from accumulated other comprehensive loss into income as a result of forecasted transactions that failed to occur or as a result of hedge ineffectiveness for either period.

	13 Weeks Ended August 3, 2013
	Gains / (Losses) Recognized in OCI on Derivative (Effective Portion)			Location of Gains (Losses) Reclassified from Accumulated OCI into Income (Effective Portion)	Gains / (Losses) Reclassified from Accumulated OCI into Income (Effective Portion)
Interest rate caps	$	679		Interest expense	$	(249	)
Forward foreign exchange contracts		312		Cost of goods sold		60
Total	$	991			$	(189	)
	13 Weeks Ended July 28, 2012
	Gains / (Losses) Recognized in OCI on Derivative (Effective Portion)			Location of Gains (Losses) Reclassified from Accumulated OCI into Income (Effective Portion)	Gains / (Losses) Reclassified from Accumulated OCI into Income (Effective Portion)
Interest rate caps	$	(958	)	Interest expense	$	(61	)
Forward foreign exchange contracts		335		Cost of goods sold		6
Total	$	(623	)		$	(55	)
	26 Weeks Ended August 3, 2013
	Gains / (Losses) Recognized in OCI on Derivative (Effective Portion)			Location of Gains (Losses) Reclassified from Accumulated OCI into Income (Effective Portion)	Gains / (Losses) Reclassified from Accumulated OCI into Income (Effective Portion)
Interest rate caps	$	223		Interest expense	$	(432	)
Forward foreign exchange contracts		404		Cost of goods sold		53
Total	$	627			$	(379	)
	26 Weeks Ended July 28, 2012
	Gains / (Losses) Recognized in OCI on Derivative (Effective Portion)			Location of Gains (Losses) Reclassified from Accumulated OCI into Income (Effective Portion)	Gains / (Losses) Reclassified from Accumulated OCI into Income (Effective Portion)
Interest rate caps	$	(274	)	Interest expense	$	(114	)
Forward foreign exchange contracts		84		Cost of goods sold		88
Total	$	(190	)		$	(26	)