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Derivative Financial Instruments (Tables)
6 Months Ended
Jul. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of fair value of derivative instruments in the condensed consolidated balance sheets
The fair value of derivative instruments in the condensed consolidated balance sheets is (in thousands):
 Fair Value at Jul 31, 2021Fair Value at Jan 30, 2021Derivative Balance Sheet Location
ASSETS:   
Derivatives designated as hedging instruments:   
Cash flow hedges:
   Foreign exchange currency contracts$1,948 $— Other current assets/Other assets
Total derivatives designated as hedging instruments1,948 — 
Derivatives not designated as hedging instruments:  
Foreign exchange currency contracts64 — Other current assets/Other assets
Total$2,012 $—  
LIABILITIES:   
Derivatives designated as hedging instruments:   
Cash flow hedges:
   Foreign exchange currency contracts$62 $3,326 Accrued expenses/ Other long-term liabilities
   Interest rate swap745 999 Other long-term liabilities
Total derivatives designated as hedging instruments807 4,325 
Derivatives not designated as hedging instruments:   
Foreign exchange currency contracts225 1,155 Accrued expenses
Total$1,032 $5,480  
Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss)
The following summarizes the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss) (in thousands): 
 
Gains (Losses) Recognized in OCI
Location of Gains (Losses) Reclassified from Accumulated OCI into Earnings (Loss)Gains (Losses) Reclassified from Accumulated OCI into Earnings (Loss)
 Jul 31, 2021Aug 1, 2020Jul 31, 2021Aug 1, 2020
Three Months Ended
Derivatives designated as cash flow hedges:     
Foreign exchange currency contracts$1,781 $(7,758)Cost of product sales$(829)$2,504 
Interest rate swap(148)(139)Interest expense(195)(42)
Six Months Ended
Derivatives designated as cash flow hedges:     
Foreign exchange currency contracts$3,292 $(3,348)Cost of product sales$(1,291)$4,495 
Interest rate swap122 (1,013)Interest expense(131)(45)
Summary of net after-tax derivative activity recorded in accumulated other comprehensive income (loss)
The following summarizes net after-tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands):
 Three Months EndedSix Months Ended
 Jul 31, 2021Aug 1, 2020Jul 31, 2021Aug 1, 2020
Beginning balance gain (loss)$(2,863)$7,711 $(4,876)$6,300 
Net gains (losses) from changes in cash flow hedges1,471 (7,012)3,024 (3,832)
Net (gains) losses reclassified into earnings (loss)790 (2,198)1,250 (3,967)
Ending balance loss$(602)$(1,499)$(602)$(1,499)
Summary of gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income (expense)
The following summarizes the gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income (expense) (in thousands):
 Location of Gain Recognized in Earnings (Loss)Gain Recognized in Earnings (Loss)
Three Months EndedSix Months Ended
 Jul 31, 2021Aug 1, 2020Jul 31, 2021Aug 1, 2020
Foreign exchange currency contractsOther income (expense)$485 $(4,706)$556 $(3,618)