XML 54 R28.htm IDEA: XBRL DOCUMENT v3.19.1
Significant Accounting Policies (Tables)
 12 Months Ended
Jan. 27, 2019
Accounting Policies [Abstract]  
Schedule of new accounting pronouncements and changes in accounting principles
The following presents the amounts by which financial statement line items were affected in the current period due to the adoption of Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers ("ASC 606") as compared with the guidance that was in effect before the change:
 
Fiscal Year Ended
Statements of Income
January 27, 2019
(in thousands, except per share amounts)
Increase/(decrease)
Net sales
$
9,848

Cost of sales
$
2,247

Provision for income taxes
$
1,596

Net income
$
6,005

 
 
Earnings per share:
 
   Basic
$
0.09

   Diluted
$
0.09

Balance Sheets
January 27, 2019
(in thousands)
Increase/(decrease)
Deferred revenue
$
(19,987
)
Schedule of changes in other comprehensive income (loss) by component
he following table summarizes the changes in other comprehensive (loss) income by component:
 
Fiscal Year Ended
 
January 27,
2019
 
January 28,
2018
 
January 29,
2017
(in thousands)
Pre-tax Amount
 
Tax Benefit (Expense)
 
Net Amount
 
Pre-tax Amount
 
Tax (Expense) Benefit
 
Net Amount
 
Pre-tax Amount
 
Tax Benefit (Expense)
 
Net Amount
Defined benefit plan:

 
 
 

 
 
 

 

 
 
 
 
 
 
Other comprehensive (loss) gain before reclassifications
$
(2,597
)
 
$
116

 
(2,481
)
 
$
637

 
$
(253
)
 
$
384

 
$
(2,861
)
 
$
447

 
$
(2,414
)
Foreign currency hedge:


 


 


 


 


 


 
 
 
 
 
 
Other comprehensive (loss) gain before reclassifications
(164
)
 
49

 
(115
)
 
1,205

 
(263
)
 
942

 
586

 
(64
)
 
522

Reclassification adjustments included in "Selling, general and administrative"
233

 
(44
)
 
189

 
(1,531
)
 
299

 
(1,232
)
 
(260
)
 
28

 
(232
)
Interest rate hedge:


 


 


 


 


 


 
 
 
 
 
 
Other comprehensive gain before reclassifications
—

 
—

 
—

 
—

 
—

 
—

 
48

 
—

 
48

Other:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive gain before reclassifications
—

 
—

 
—

 
—

 
—

 
—

 
129

 
—

 
129

Other comprehensive (loss) income
$
(2,528
)
 
$
121

 
$
(2,407
)
 
$
311

 
$
(217
)
 
$
94

 
$
(2,358
)
 
$
411

 
$
(1,947
)
Schedule of accumulated other comprehensive income (loss)
The following summarizes the changes in accumulated other comprehensive (loss) income by component:
(in thousands)
Defined Benefit Plan
 
Foreign Currency Hedge
 
Interest Rate Hedge
 
Other
 
Accumulated Other Comprehensive (Loss) Income
Balance as of January 31, 2016
$
—

 
$
—

 
$
(48
)
 
$
701

 
$
653

Other comprehensive (loss) income
(2,414
)
 
290

 
48

 
129

 
(1,947
)
Balance as of January 29, 2017
(2,414
)
 
290

 
—

 
830

 
(1,294
)
Other comprehensive income (loss)
384

 
(290
)
 
—

 
—

 
94

Balance as of January 28, 2018
(2,030
)
 
—

 
—

 
830

 
(1,200
)
Other comprehensive (loss) income
(2,481
)
 
74

 
—

 
—

 
(2,407
)
Balance as of January 27, 2019
$
(4,511
)
 
$
74

 
$
—

 
$
830

 
$
(3,607
)
Schedule of earnings per share calculation, basic and diluted
The computation of basic and diluted earnings per common share was as follows:
 
Fiscal Year Ended
(in thousands, except per share amounts)
January 27, 2019
 
January 28, 2018
 
January 29, 2017
Net income
$
63,056

 
$
36,426

 
$
54,661

 
 
 
 
 
 
Weighted average common shares outstanding - basic
65,982

 
66,027

 
65,427

Dilutive effect of share-based compensation
2,499

 
1,578

 
682

Weighted average common shares outstanding - diluted
68,481

 
67,605

 
66,109

Basic earnings per common share
$
0.96

 
$
0.55

 
$
0.84

Diluted earnings per common share
$
0.92

 
$
0.54

 
$
0.83

Anti-dilutive shares not included in the above calculations
553

 
402

 
1,111