Risk Management and Derivatives (Tables)

9 Months Ended

Nov. 03, 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 November 3, 2018, October 28, 2017 and February 3, 2018, the Company had forward contracts maturing at various dates through November 2019, November 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)	November 3, 2018		October 28, 2017		February 3, 2018
Financial Instruments
Euro	$	13,480	$	18,815	$	21,223
U.S. dollars (purchased by the Company’s Canadian division with Canadian dollars)	13,877		18,242		16,874
Chinese yuan	6,570		12,613		12,058
New Taiwanese dollars	530		580		596
Other currencies	388		—		415
Total financial instruments	$	34,845	$	50,250	$	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 November 3, 2018, October 28, 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
November 3, 2018	Prepaid expenses and other current assets	$	203	Other accrued expenses	$	1,414
October 28, 2017	Prepaid expenses and other current assets	760		Other accrued expenses	564
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 and thirty-nine weeks ended November 3, 2018 and October 28, 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)	November 3, 2018						October 28, 2017
Foreign Exchange Forward Contracts: Income Statement Classification (Losses) Gains - Realized	Loss Recognized in OCL on Derivatives			Gain (Loss) Reclassified from Accumulated OCL into Earnings			(Loss) Gain Recognized in OCL on Derivatives			Gain Reclassified from Accumulated OCL into Earnings
Net sales	$	(78	)	$	—		$	(4	)	$	6
Cost of goods sold	(286		)	26			(42		)	3
Selling and administrative expenses	(152		)	(146		)	364			109
Interest expense, net	—			—			6			—

	Thirty-Nine Weeks Ended						Thirty-Nine Weeks Ended
($ thousands)	November 3, 2018						October 28, 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	$	(120	)	$	(4	)	$	(44	)	$	30
Cost of goods sold	(970		)	(37		)	695			164
Selling and administrative expenses	(955		)	188			480			42
Interest expense, net	—			—			(4		)	(1		)