Stockholders' Equity (Tables)

6 Months Ended

Jul. 29, 2023

Equity [Abstract]

Schedule of cash dividend declared per share

The following sets forth the cash dividend declared per share:

	Three Months Ended				Six Months Ended
	Jul 29, 2023		Jul 30, 2022		Jul 29, 2023		Jul 30, 2022
Cash dividend declared per share	$	0.300	$	0.225	$	0.525	$	0.450

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, are (in thousands):

	Foreign Currency Translation Adjustment		Derivative Financial Instruments Designated as Cash Flow Hedges		Defined Benefit Plans		Total
	Three Months Ended Jul 29, 2023
Balance at April 29, 2023	$	(128,147)	$	(7,869)	$	(3,461)	$	(139,477)
Gains (losses) arising during the period	4,978		2,455		(145)		7,288
Reclassification to net earnings for (gains) losses realized	—		(391)		23		(368)
Net other comprehensive income (loss)	4,978		2,064		(122)		6,920
Balance at July 29, 2023	$	(123,169)	$	(5,805)	$	(3,583)	$	(132,557)

	Six Months Ended Jul 29, 2023
Balance at January 28, 2023	$	(129,168)	$	(1,584)	$	(3,321)	$	(134,073)
Gains (losses) arising during the period	5,999		1,513		(306)		7,206
Reclassification to net earnings for (gains) losses realized	—		(5,734)		44		(5,690)
Net other comprehensive income (loss)	5,999		(4,221)		(262)		1,516
Balance at July 29, 2023	$	(123,169)	$	(5,805)	$	(3,583)	$	(132,557)

	Three Months Ended Jul 30, 2022
Balance at April 30, 2022	$	(153,301)	$	13,400	$	(6,812)	$	(146,713)
Gains (losses) arising during the period	(10,561)		1,879		(81)		(8,763)
Reclassification to net earnings for gains realized	—		(1,039)		(9)		(1,048)
Net other comprehensive income (loss)	(10,561)		840		(90)		(9,811)
Balance at July 30, 2022	$	(163,862)	$	14,240	$	(6,902)	$	(156,524)

	Six Months Ended Jul 30, 2022
Balance at January 29, 2022	$	(135,861)	$	7,280	$	(6,968)	$	(135,549)
Gains (losses) arising during the period	(28,001)		9,442		71		(18,488)
Reclassification to net earnings for gains realized	—		(2,482)		(5)		(2,487)
Net other comprehensive income (loss)	(28,001)		6,960		66		(20,975)
Balance at July 30, 2022	$	(163,862)	$	14,240	$	(6,902)	$	(156,524)

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 are (in thousands):

	Three Months Ended				Six Months Ended				Location of (Gain) Loss Reclassified from Accumulated OCI into Earnings
	Jul 29, 2023		Jul 30, 2022		Jul 29, 2023		Jul 30, 2022
Derivative financial instruments designated as cash flow hedges:
Foreign exchange currency contracts	$	(311)	$	(1,198)	$	(6,204)	$	(2,872)	Cost of product sales
Interest rate swap	(148)		35		(276)		96		Interest expense
Less income tax effect	68		124		746		294		Income tax expense
	(391)		(1,039)		(5,734)		(2,482)
Defined benefit plans:
Net actuarial loss amortization	65		12		127		42		Other expense
Prior service credit amortization	(40)		(22)		(79)		(45)		Other expense
Less income tax effect	(2)		1		(4)		(2)		Income tax expense
	23		(9)		44		(5)
Total reclassifications during the period	$	(368)	$	(1,048)	$	(5,690)	$	(2,487)