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Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Feb. 02, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivatives and Consolidated Balance Sheet Location
The following table presents the fair value and location of the company’s derivative instruments on the Condensed Consolidated Balance Sheets:
(Dollars in thousands)
 
February 2, 2018
 
February 3, 2017
 
October 31, 2017
Derivative assets:
 
 

 
 

 
 

Derivatives designated as cash flow hedging instruments
 
 

 
 

 
 

Prepaid expenses and other current assets
 
 

 
 

 
 

Forward currency contracts
 
$
974

 
$
1,552

 
$
1,014

Derivatives not designated as cash flow hedging instruments
 
 
 
 
 
 
Prepaid expenses and other current assets
 
 
 
 
 
 
Forward currency contracts
 
180

 
795

 
27

Total assets
 
$
1,154

 
$
2,347

 
$
1,041

Derivative liabilities:
 
 
 
 
 
 
Derivatives designated as cash flow hedging instruments
 
 
 
 
 
 
Accrued liabilities
 
 
 
 
 
 
Forward currency contracts
 
$
5,411

 
$
1,363

 
$
1,563

Derivatives not designated as cash flow hedging instruments
 
 
 
 
 
 
Accrued liabilities
 
 
 
 
 
 
Forward currency contracts
 
2,678

 
141

 
703

Total liabilities
 
$
8,089

 
$
1,504

 
$
2,266
Schedule of Effects of Master Netting Arrangements on Fair Value of Derivative Contracts Recorded in Consolidated Balance Sheets
The following table shows the effects of the master netting arrangements on the fair value of the company’s derivative contracts that are recorded in the Condensed Consolidated Balance Sheets:
(Dollars in thousands)
 
February 2, 2018
 
February 3, 2017
 
October 31, 2017
Derivative assets:
 
 
 
 
 
 
Forward currency contracts
 
 
 
 
 
 
Gross amounts of recognized assets
 
$
1,154

 
$
2,347

 
$
1,055

Gross liabilities offset in the balance sheets
 
—

 
—

 
(14
)
Net amounts of assets presented in the Consolidated Balance Sheets
 
$
1,154

 
$
2,347

 
$
1,041

Derivative liabilities:
 
 
 
 
 
 
Forward currency contracts
 
 
 
 
 
 
Gross amounts of recognized liabilities
 
$
(8,089
)
 
$
(1,614
)
 
$
(2,266
)
Gross assets offset in the balance sheets
 
—

 
110

 
—

Net amounts of liabilities presented in the Consolidated Balance Sheets
 
$
(8,089
)
 
$
(1,504
)
 
$
(2,266
)
Schedule of Impact of Derivative Instruments on Consolidated Statements of Earnings for Derivatives Designated as Cash Flow Hedging Instruments
The following table presents the impact and location of the amounts reclassified from AOCL into earnings on the Condensed Consolidated Statements of Earnings and the impact of derivative instruments on the Condensed Consolidated Statements of Comprehensive Income for the company's derivatives designated as cash flow hedging instruments for the three months ended February 2, 2018 and February 3, 2017:
 
 
Three Months Ended
 
 
Gain (Loss) Reclassified from AOCL into Earnings
 
Gain (Loss) Recognized in OCI on Derivatives
(Dollars in thousands)
 
February 2, 2018
 
February 3, 2017
 
February 2, 2018
 
February 3, 2017
Derivatives designated as cash flow hedging instruments
 
 
 
 
 
 
 
 
Forward currency contracts
 
 
 
 
 
 
 
 
Net sales
 
$
(1,011
)
 
$
439

 
$
(2,678
)
 
$
(372
)
Cost of sales
 
178

 
(762
)
 
(101
)
 
(152
)
Total derivatives designated as cash flow hedging instruments
 
$
(833
)
 
$
(323
)
 
$
(2,779
)
 
$
(524
)
The following table presents the impact and location of derivative instruments on the Condensed Consolidated Statements of Earnings for the company’s derivatives designated as cash flow hedging instruments and the related components excluded from effectiveness testing:
 
 
Gain (Loss) Recognized in Earnings on Cash Flow Hedging Instruments
 
 
February 2, 2018
 
February 3, 2017
(Dollars in thousands)
 
Net Sales
 
Cost of Sales
 
Other Income, Net
 
Net Sales
 
Cost of Sales
 
Other Income, Net
Total Consolidated Statements of Earnings income (expense) amounts in which the effects of cash flow hedging instruments are recorded
 
$
548,246

 
$
(344,007
)
 
$
4,281

 
$
515,839

 
$
(322,359
)
 
$
3,866

Gain (loss) on derivatives designated as cash flow hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
 
Forward currency contracts
 
 
 
 
 
 
 
 
 
 
 
 
Amount of gain (loss) reclassified from AOCL into earnings
 
(1,011
)
 
178

 
—

 
439

 
(762
)
 
—

Gain (loss) on components excluded from effectiveness testing recognized in earnings based on changes in fair value
 
$
(21
)
 
$
(25
)
 
$
—

 
$
—

 
$
—

 
$
397
Schedule of Impact of Derivative Instruments on Consolidated Statements of Earnings for Derivatives Not Designated as Hedging Instruments
The following table presents the impact and location of derivative instruments on the Condensed Consolidated Statements of Earnings for the company’s derivatives not designated as cash flow hedging instruments:
 
 
Three Months Ended
(Dollars in thousands)
 
February 2,
2018
 
February 3,
2017
Gain (loss) on derivatives not designated as cash flow hedging instruments
 
 
 
 
Forward currency contracts
 
 
 
 
Other income, net
 
$
(1,816
)
 
$
1,144

Total gain (loss) on derivatives not designated as cash flow hedging instruments
 
$
(1,816
)
 
$
1,144