Derivatives (Tables)

12 Months Ended

Jan. 28, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value and Presentation of Derivative Instruments

The following table summarizes the fair value and presentation of derivative instruments in the consolidated balance sheets:

	Fair value of derivative assets
(in millions)	Balance sheet location	January 28, 2023		January 29, 2022
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	0.1	$	0.3
Total derivative assets		$	0.1	$	0.3

	Fair value of derivative liabilities
(in millions)	Balance sheet location	January 28, 2023		January 29, 2022
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current liabilities	$	(0.6)	$	—
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current liabilities	(0.1)		(1.3)
Total derivative liabilities		$	(0.7)	$	(1.3)

Schedule of Pre-Tax Gains (Losses) Recorded

The following table summarizes the pre-tax gains recorded in AOCI for derivatives designated in cash flow hedging relationships:

(in millions)	January 28, 2023		January 29, 2022
Foreign currency contracts	$	0.6	$	0.5
Gains recorded in AOCI	$	0.6	$	0.5

Schedule of Derivative Instruments

The following tables summarize the pre-tax effect of derivative instruments designated as cash flow hedges on OCI and the consolidated statements of operations:

Foreign currency contracts

(in millions)	Statement of operations caption	Fiscal 2023		Fiscal 2022
Gains (losses) recorded in AOCI, beginning of period		$	0.5	$	(0.7)
Current period gains recognized in OCI		1.8		0.6
Losses (gains) reclassified from AOCI to net income	Cost of sales (1)	(1.7)		0.6
Gains recorded in AOCI, end of period		$	0.6	$	0.5

Commodity contracts

(in millions)	Statement of operations caption	Fiscal 2023		Fiscal 2022
Losses recorded in AOCI, beginning of period		$	—	$	(0.4)
Losses reclassified from AOCI to net income	Cost of sales (1)	—		0.4
Gains (losses) recorded in AOCI, end of period		$	—	$	—

(1)    Refer to the consolidated statements of operations for total amounts of each financial statement caption impacted by cash flow hedges.

The following table presents the effects of the Company’s derivative instruments not designated as cash flow hedges in the consolidated statements of operations:

(in millions)	Statement of operations caption	Fiscal 2023		Fiscal 2022
Foreign currency contracts	Other operating income (expense)	$	(12.9)	$	(3.1)