Risk Management and Derivatives (Tables)

3 Months Ended

May 05, 2018

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Schedule of Net Notional Amount of All Purchase and Sale Contracts of a Foreign Currency

As of May 5, 2018, April 29, 2017 and February 3, 2018, the Company had forward contracts maturing at various dates through May 2019, May 2018 and February 2019, respectively. The contract amounts in the following table represent the net notional amount of all purchase and sale contracts of a foreign currency. 

(U.S. $ equivalent in thousands)	May 5, 2018		April 29, 2017		February 3, 2018
Financial Instruments
Euro	$	17,180	$	16,446	$	21,223
U.S. dollars (purchased by the Company’s Canadian division with Canadian dollars)	14,828		20,813		16,874
Chinese yuan	12,520		4,476		12,058
New Taiwanese dollars	514		545		596
United Arab Emirates dirham	—		528		—
Japanese yen	—		416		—
Other currencies	422		66		415
Total financial instruments	$	45,464	$	43,290	$	51,166

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The classification and fair values of derivative instruments designated as hedging instruments included within the condensed consolidated balance sheets as of May 5, 2018, April 29, 2017 and February 3, 2018 are as follows:

	Asset Derivatives			Liability Derivatives
($ thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign Exchange Forward Contracts
May 5, 2018	Prepaid expenses and other current assets	$	591	Other accrued expenses	$	392
April 29, 2017	Prepaid expenses and other current assets	610		Other accrued expenses	187
February 3, 2018	Prepaid expenses and other current assets	1,540		Other accrued expenses	542

Schedule of Effect of Derivative Instruments in Cash Flow Hedging Relationships on Condensed Consolidated Statements of Earnings

For the thirteen weeks ended May 5, 2018 and April 29, 2017, the effect of derivative instruments in cash flow hedging relationships on the condensed consolidated statements of earnings was as follows:

	Thirteen Weeks Ended						Thirteen Weeks Ended
($ thousands)	May 5, 2018						April 29, 2017
Foreign Exchange Forward Contracts: Income Statement Classification (Losses) Gains - Realized	Loss Recognized in OCL on Derivatives			(Loss) Gain Reclassified from Accumulated OCL into Earnings			(Loss) Gain Recognized in OCL on Derivatives			Gain (Loss) Reclassified from Accumulated OCL into Earnings
Net sales	$	(25	)	$	—		$	(32	)	$	18
Cost of goods sold	(402		)	(92		)	793			3
Selling and administrative expenses	(72		)	237			310			(67		)
Interest expense, net	—			—			4			(1		)