DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Feb. 03, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Locations and Amounts of Derivative Fair Values on the Consolidated Balance Sheets

The location and amounts of derivative fair values on the Consolidated Balance Sheets as of February 3, 2018 and January 28, 2017 were as follows:



	Asset Derivatives					Liability Derivatives
(in thousands)	Location	February 3, 2018		January 28, 2017		Location	February 3, 2018		January 28, 2017
Derivatives designated as hedging instruments:
Foreign currency exchange forward contracts		$	37	$	5,920		$	9,108	$	486
Derivatives not designated as hedging instruments:
Foreign currency exchange forward contracts		$	—	$	122		$	39	$	6
Total	Other current assets	$	37	$	6,042	Accrued expenses	$	9,147	$	492

Schedule of Outstanding Foreign Exchange Forward Contracts

As of February 3, 2018, the Company had outstanding the following foreign currency exchange forward contracts that were entered into to hedge foreign currency denominated net monetary assets/liabilities:



(in thousands)	Notional Amount ⁽¹⁾
Euro	$	11,183


⁽¹⁾	Amounts reported are the U.S. Dollar notional amounts outstanding as of February 3, 2018.

As of February 3, 2018, the Company had outstanding the following foreign currency exchange forward contracts that were entered into to hedge either a portion, or all, of forecasted foreign-currency-denominated intercompany inventory sales, the resulting settlement of the foreign-currency-denominated intercompany accounts receivable, or both:



(in thousands)	Notional Amount ⁽¹⁾
Euro	$	89,532
British pound	$	31,798
Canadian dollar	$	17,041
Japanese yen	$	7,940


⁽¹⁾	Amounts reported are the U.S. Dollar notional amounts outstanding as of February 3, 2018.

Schedule of Locations and Amounts of Derivative Gains (Losses) on the Consolidated Statements of Operations and Comprehensive Income

The location and amounts of derivative gains and losses for Fiscal 2017 and Fiscal 2016 on the Consolidated Statements of Operations and Comprehensive Income (Loss) were as follows:

Fiscal 2017

Fiscal 2016

Fiscal 2015

(in thousands)

Location

Gain/(Loss)

Derivatives not designated as hedging instruments:

Foreign currency exchange forward contracts

Other operating income, net

(3,557

)

627

751



	Effective Portion															Ineffective Portion and Amount Excluded from Effectiveness Testing
	Amount of (Loss) Gain Recognized in OCI on Derivative Contracts ⁽¹⁾							Location of (Loss) Gain Reclassified from AOCL into Earnings	Amount of (Loss) Gain Reclassified from AOCL into Earnings ⁽²⁾							Location of Gain Recognized in Earnings on Derivative Contracts	Amount of Gain Recognized in Earnings on Derivative Contracts ⁽³⁾
(in thousands)	Fiscal 2017			Fiscal 2016		Fiscal 2015			Fiscal 2017			Fiscal 2016		Fiscal 2015			Fiscal 2017		Fiscal 2016		Fiscal 2015
Derivatives in cash flow hedging relationships:
Foreign currency exchange forward contracts	$	(21,810	)	$	7,078	$	7,204	Cost of sales, exclusive of depreciation and amortization	$	(4,303	)	$	6,195	$	15,596	Other operating income, net	$	2,949	$	1,873	$	242


⁽¹⁾	The amount represents the change in fair value of derivative contracts due to changes in spot rates.


⁽²⁾	The amount represents the reclassification from AOCL into earnings when the hedged item affects earnings, which is when merchandise is sold to the Company’s customers.


⁽³⁾	The amount represents the change in fair value of derivative contracts due to changes in the difference between the spot price and forward price that is excluded from the assessment of hedge effectiveness and, therefore, recognized in earnings.