Accumulated Other Comprehensive Loss

3 Months Ended

Oct. 29, 2016

Accumulated Other Comprehensive Loss

11. Accumulated Other Comprehensive Loss

The following table shows the components of accumulated other comprehensive loss (“OCI”), net of tax, as of the periods ended (in thousands):

	October 29, 2016		July 30, 2016		October 31, 2015
Foreign currency translation	$	(8,377)	$	(8,003)	$	(7,803)
Accumulated changes in fair value of derivative financial instruments, net of tax		1,673		579		(2,615)
Total accumulated other comprehensive loss	$	(6,704)	$	(7,424)	$	(10,418)

Changes in the accumulated OCI balance by component were as follows as of and for the periods ended (in thousands):

	13 Weeks Ended October 29, 2016
					Total Accumulated
	Foreign				Comprehensive (Loss)
	Currency		Derivatives		Income
Beginning balance	$	(8,003)	$	579	$	(7,424)
Other comprehensive (loss) income recognized before reclassifications		(374)		114		(260)
Amounts reclassified from accumulated other comprehensive loss to earnings		-		1,596		1,596
Tax expense		-		(616)		(616)
Net current-period other comprehensive (loss) income		(374)		1,094		720
Ending balance	$	(8,377)	$	1,673	$	(6,704)

	26 Weeks Ended July 30, 2016
					Total Accumulated
	Foreign				Comprehensive (Loss)
	Currency		Derivatives		Income
Beginning balance	$	(9,236)	$	(1,586)	$	(10,822)
Other comprehensive income (loss) recognized before reclassifications		1,233		(525)		708
Amounts reclassified from accumulated other comprehensive loss to earnings		-		2,690		2,690
Tax expense		-		-		-
Net current-period other comprehensive income		1,233		2,165		3,398
Ending balance	$	(8,003)	$	579	$	(7,424)
	13 Weeks Ended October 31, 2015
					Total Accumulated
					Comprehensive (Loss)
	Foreign				Income Including
	Currency		Derivatives		Noncontrolling Interest
Beginning balance	$	(7,758)	$	(3,225)	$	(10,983)
Other comprehensive loss recognized before reclassifications		(242)		(23)		(265)
Amounts reclassified from accumulated other comprehensive loss to earnings		-		992		992
Tax expense		-		(359)		(359)
Net current-period other comprehensive (loss) income		(242)		610		368
Other comprehensive loss attributable to noncontrolling interest		197		-		197
Ending balance	$	(7,803)	$	(2,615)	$	(10,418)