XML 61 R42.htm IDEA: XBRL DOCUMENT v3.19.1
Comprehensive Income (Loss) (Tables)
 12 Months Ended
Feb. 02, 2019
Stockholders' Equity Note [Abstract]  
Schedule of changes in accumulated other comprehensive income (loss), net of related income taxes
The changes in accumulated other comprehensive income (loss), net of related income taxes, for fiscal 2019, fiscal 2018 and fiscal 2017 are as follows (in thousands):
 
Foreign Currency Translation Adjustment
 
Derivative Financial Instruments Designated as Cash Flow Hedges
 
Marketable Securities
 
Defined Benefit Plans
 
Total
Balance at January 30, 2016
$
(157,652
)
 
$
7,252

 
$
(15
)
 
$
(7,639
)
 
$
(158,054
)
Gains (losses) arising during the period
(575
)
 
1,059

 
(1
)
 
(1,162
)
 
(679
)
Reclassification to net earnings for (gains) losses realized
—

 
(2,911
)
 
16

 
239

 
(2,656
)
Net other comprehensive income (loss)
(575
)
 
(1,852
)
 
15

 
(923
)
 
(3,335
)
Balance at January 28, 2017
$
(158,227
)
 
$
5,400

 
$
—

 
$
(8,562
)
 
$
(161,389
)
Gains (losses) arising during the period
91,178

 
(20,408
)
 
—

 
(1,999
)
 
68,771

Reclassification to net loss for losses realized
—

 
414

 
—

 
352

 
766

Net other comprehensive income (loss)
91,178

 
(19,994
)
 
—

 
(1,647
)
 
69,537

Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance 1
—

 
225

 
—

 
(1,435
)
 
(1,210
)
Balance at February 3, 2018
$
(67,049
)
 
$
(14,369
)
 
$
—

 
$
(11,644
)
 
$
(93,062
)
Gains (losses) arising during the period
(52,497
)
 
10,962

 
—

 
1,516

 
(40,019
)
Reclassification to net earnings for losses realized
—

 
6,406

 
—

 
496

 
6,902

Net other comprehensive income (loss)
(52,497
)
 
17,368

 
—

 
2,012

 
(33,117
)
Balance at February 2, 2019
$
(119,546
)
 
$
2,999

 
$
—

 
$
(9,632
)
 
$
(126,179
)
______________________________________________________________________
1 
During the fourth quarter of fiscal 2018, the Company early adopted authoritative guidance which addresses certain stranded income tax effects in accumulated other comprehensive loss resulting from the Tax Reform enacted in December 2017. As a result, the Company recorded a cumulative adjustment to increase retained earnings by $1.2 million with a corresponding reduction to accumulated other comprehensive loss related to the Company’s Supplemental Executive Retirement Plan and its interest rate swap designated as a cash flow hedge based in the U.S.
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)
Details on reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss) during fiscal 2019, fiscal 2018 and fiscal 2017 are as follows (in thousands):
 
 
 
 
 
 
 
Location of (Gain) Loss
Reclassified from
Accumulated OCI
into Earnings (Loss)
 
Year Ended
Feb 2, 2019
 
Year Ended
Feb 3, 2018
 
Year Ended
Jan 28, 2017
 
Derivative financial instruments designated as cash flow hedges:
 
 
 
 
 
 
 
   Foreign exchange currency contracts
$
7,020

 
$
(14
)
 
$
(3,518
)
 
Cost of product sales
   Foreign exchange currency contracts
201

 
583

 
(301
)
 
Other income (expense)
   Interest rate swap
(103
)
 
87

 
216

 
Interest expense
      Less income tax effect
(712
)
 
(242
)
 
692

 
Income tax expense
 
6,406

 
414

 
(2,911
)
 
 
Marketable securities:
 
 
 
 
 
 
 
   Available-for-sale securities
—

 
—

 
25

 
Other income (expense)
      Less income tax effect
—

 
—

 
(9
)
 
Income tax expense
 
—

 
—

 
16

 
 
Defined benefit plans:
 
 
 
 
 
 
 
   Net actuarial loss amortization
600

 
462

 
341

 
Other income (expense)1
   Prior service credit amortization
(28
)
 
(27
)
 
(28
)
 
Other income (expense)1
      Less income tax effect
(76
)
 
(83
)
 
(74
)
 
Income tax expense
 
496

 
352

 
239

 
 
Total reclassifications to net earnings (loss) for (gains) losses realized during the period
$
6,902

 
$
766

 
$
(2,656
)
 
 

______________________________________________________________________
1 
During fiscal 2019, in accordance with the adoption of the guidance related to the presentation of net periodic pension costs, reclassification of these items are now included in other income (expense). Refer to Note 2 for further information.