Derivatives and Hedging Activities (Tables)

3 Months Ended

May. 01, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Open Foreign Currency Contracts

At May 1, 2016, the Company had the following open foreign currency contracts:

(in thousands)
Foreign Currency Derivative	Number of Instruments	Sell Notional Value		Buy Notional Value
Sell CHF/Buy USD Forward Contract	9	Fr.	8,016	$	8,156
Sell CAD/Buy USD Forward Contract	9	C$	19,991	$	14,289
Sell GBP/Buy USD Forward Contract	9	£	5,302	$	7,750
Total	27

Summary of the Carrying Values of Derivative Instruments

The table below summarizes the carrying values of derivative instruments as of May 1, 2016 and January 31, 2016:

	Carrying Values of Derivative Instruments as of May 1, 2016
(in thousands)	Fair Value - Assets (2)		Fair Value - (Liabilities) (2)			Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts (1)	$	1,895	$	(1	)	$	1,894
Total derivatives	$	1,895	$	(1	)	$	1,894
	Carrying Values of Derivative Instruments as of January 31, 2016
	Fair Value - Assets (2)		Fair Value - (Liabilities) (2)			Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts (1)	$	—	$	—		$	—
Total derivatives	$	—	$	—		$	—

(1) Assets are included in "Other current assets" and liabilities are included in "Accrued liabilities" in the condensed consolidated balance sheets.

(2) The fair values of the foreign exchange forward contracts are considered to be Level 2. Please refer to Note 7.

Summary of Gain (Loss) Recognized From Derivative Instruments

The following table summarizes the amount of income recognized from derivative instruments for the periods indicated and the line items in the accompanying statements of operations where the results are recorded for cash flow hedges:

	Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)					Location of Gain or Loss into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)					Location of Gain or Loss Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
	Three months ended						Three months ended						Three months ended
(in thousands)	May 1, 2016			April 26, 2015			May 1, 2016			April 26, 2015			May 1, 2016		April 26, 2015
Sell CHF/Buy USD Forward Contract	$	266		$	—	Net sales	$	17		$	—	Other income / (expense)	$	1	$	—
Sell CAD/Buy USD Forward Contract	1,785			—		Net sales	141			—		Other income / (expense)	3		—
Sell GBP/Buy USD Forward Contract	(73		)	—		Net sales	(71		)	—		Other income / (expense)	—		—
	$	1,978		$	—		$	87		$	—		$	4	$	—