Derivative Financial Instruments (Tables)

12 Months Ended

Jan. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of fair value of derivative instruments in the consolidated balance sheets

The fair value of derivative instruments in the consolidated balance sheets as of January 31, 2015 and February 1, 2014 was as follows (in thousands):

	Derivative Balance Sheet Location	Fair Value at Jan 31, 2015		Fair Value at Feb 1, 2014
ASSETS:
Derivatives designated as hedging instruments:
Foreign exchange currency contracts:
Cash flow hedges	Other current assets	$	6,597	$	977
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Other current assets	8,945		1,139
Total		$	15,542	$	2,116
LIABILITIES:
Derivatives designated as hedging instruments:
Foreign exchange currency contracts:
Cash flow hedges	Accrued expenses	$	—	$	672
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Accrued expenses	—		1,040
Interest rate swaps	Other long-term liabilities	270		581
Total derivatives not designated as hedging instruments		270		1,621
Total		$	270	$	2,293

Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings

The following table summarizes the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings for fiscal 2015, fiscal 2014 and fiscal 2013 (in thousands):

	Gain Recognized in OCI		Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings(1)	Gain (Loss) Reclassified from Accumulated OCI into Earnings
	Year Ended Jan 31, 2015			Year Ended Jan 31, 2015
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts	$	6,962	Cost of sales	$	(272	)
Foreign exchange currency contracts	$	922	Other income/expense	$	165

	Gain Recognized in OCI		Location of Gain Reclassified from Accumulated OCI into Earnings(1)	Gain Reclassified from Accumulated OCI into Earnings
	Year Ended Feb 1, 2014			Year Ended Feb 1, 2014
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts	$	4,595	Cost of sales	$	3,050
Foreign exchange currency contracts	$	370	Other income/expense	$	9

	Gain Recognized in OCI		Location of Gain Reclassified from Accumulated OCI into Earnings(1)	Gain Reclassified from Accumulated OCI into Earnings
	Year Ended Feb 2, 2013			Year Ended Feb 2, 2013
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts	$	2,126	Cost of sales	$	8,700
Foreign exchange currency contracts	$	105	Other income/expense	$	628

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(1) The ineffective portion was immaterial during fiscal 2015, fiscal 2014 and fiscal 2013 and was recorded in net earnings and included in interest income/expense.

Summary of net after-tax derivative activity recorded in accumulated other comprehensive income (loss)

The following table summarizes net after-tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands):

	Year Ended Jan 31, 2015			Year Ended Feb 1, 2014
Beginning balance loss	$	(113	)	$	(1,782	)
Net gains from changes in cash flow hedges	6,734			4,092
Net (gains) losses reclassified to earnings	536			(2,423		)
Ending balance gain (loss)	$	7,157		$	(113	)

Summary of gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income and expense

The following table summarizes the gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income and expense for fiscal 2015, fiscal 2014 and fiscal 2013 (in thousands):

	Location of Gain (Loss) Recognized in Earnings	Gain (Loss) Recognized in Earnings
		Year Ended Jan 31, 2015		Year Ended Feb 1, 2014		Year Ended Feb 2, 2013
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Other income/expense	$	14,723	$	1,843	$	(20	)
Interest rate swaps	Other income/expense	$	242	$	238	$	166