Derivative Financial Instruments (Tables)

12 Months Ended

Feb. 02, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of fair value of derivative instruments in the consolidated balance sheet

The fair value of derivative instruments in the consolidated balance sheet as of February 2, 2013 and January 28, 2012 was as follows (in thousands):

	Derivative Balance Sheet Location	Fair Value at Feb 2, 2013		Fair Value at Jan 28, 2012
ASSETS:
Derivatives designated as hedging instruments:
Foreign exchange currency contracts	Other current assets	$	387	$	3,113
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Other current assets	971		5,202
Total		$	1,358	$	8,315
LIABILITIES:
Derivatives designated as hedging instruments:
Foreign exchange currency contracts	Current liabilities	$	2,904	$	641
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Current liabilities	2,648		466
Interest rate swaps	Long-term liabilities	852		975
Total derivatives not designated as hedging instruments		3,500		1,441
Total		$	6,404	$	2,082

Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings

The following table summarizes the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings for fiscal 2013, fiscal 2012 and fiscal 2011 (in thousands):

	Gain/(Loss) Recognized in OCI		Location of Gain/(Loss) Reclassified from Accumulated OCI into Income (1)	Gain/(Loss) Reclassified from Accumulated OCI into Income
	Year Ended Feb 2, 2013			Year Ended Feb 2, 2013
Derivatives designated as hedging instruments:
Foreign exchange currency contracts	$	2,126	Cost of sales	$	8,700
Foreign exchange currency contracts	$	105	Other income/expense	$	628

	Gain/(Loss) Recognized in OCI			Location of Gain/(Loss) Reclassified from Accumulated OCI into Income (1)	Gain/(Loss) Reclassified from Accumulated OCI into Income
	Year Ended Jan 28, 2012				Year Ended Jan 28, 2012
Derivatives designated as hedging instruments:
Foreign exchange currency contracts	$	935		Cost of sales	$	(6,641	)
Foreign exchange currency contracts	$	(90	)	Other income/expense	$	268

	Gain/(Loss) Recognized in OCI			Location of Gain/(Loss) Reclassified from Accumulated OCI into Income (1)	Gain/(Loss) Reclassified from Accumulated OCI into Income
	Year Ended Jan 29, 2011				Year Ended Jan 29, 2011
Derivatives designated as hedging instruments:
Foreign exchange currency contracts	$	(1,197	)	Cost of sales	$	2,648
Foreign exchange currency contracts	$	1,271		Other income/expense	$	1,486

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(1) The ineffective portion was immaterial during fiscal 2013, fiscal 2012 and fiscal 2011 and was recorded in net earnings and included in interest income/expense.

Summary of net after-tax derivative activity recorded in accumulated other comprehensive income

The following table summarizes net after-tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands):

	Year Ended Feb 2, 2013			Year Ended Jan 28, 2012
Beginning balance gain (loss)	$	4,259		$	(1,789	)
Net gains from changes in cash flow hedges	2,044			662
Net losses (gains) reclassified to income	(8,085		)	5,386
Ending balance gain (loss)	$	(1,782	)	$	4,259

Summary of gains (losses) before taxes recognized on the derivative instruments not designated as cash flow hedges in other income and expense

The following table summarizes the gains (losses) before taxes recognized on the derivative instruments not designated as cash flow hedges in other income and expense for fiscal 2013, fiscal 2012 and fiscal 2011 (in thousands):

	Location of Gain/(Loss) Recognized in Income	Gain/(Loss) Recognized in Income
		Year Ended Feb 2, 2013			Year Ended Jan 28, 2012			Year Ended Jan 29, 2011
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Other income/expense	$	(20	)	$	4,254		$	(119	)
Interest rate swaps	Other income/expense	166			(171		)	313