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Derivative Financial Instruments (Tables)
 12 Months Ended
Feb. 01, 2014
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 sheets as of February 1, 2014 and February 2, 2013 was as follows (in thousands):
 
 
Derivative
Balance Sheet
Location
 
Fair Value at Feb 1, 2014
 
Fair Value at Feb 2, 2013
ASSETS:
 
 
 
 
 
 
Derivatives designated as hedging instruments:
 
 
 
 
 
 
Foreign exchange currency contracts:
 
 
 
 
 
 
Cash flow hedges
 
Other current assets
 
$
977

 
$
387

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
Foreign exchange currency contracts
 
Other current assets
 
1,139

 
971

Total
 
 
 
$
2,116

 
$
1,358

LIABILITIES:
 
 
 
 
 
 
Derivatives designated as hedging instruments:
 
 
 
 
 
 
Foreign exchange currency contracts:
 
 
 
 
 
 
Cash flow hedges
 
Current liabilities
 
$
672

 
$
2,904

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
Foreign exchange currency contracts
 
Current liabilities
 
1,040

 
2,648

Interest rate swaps
 
Long-term liabilities
 
581

 
852

Total derivatives not designated as hedging instruments
 
 
 
1,621

 
3,500

Total
 
 
 
$
2,293

 
$
6,404
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 2014, fiscal 2013 and fiscal 2012 (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 1, 2014
 
 
Year Ended Feb 1, 2014
Derivatives designated as cash flow hedges:
 
 
 
 
 
 
Foreign exchange currency contracts
 
$
4,595

 
Cost of sales
 
$
3,050

Foreign exchange currency contracts
 
$
370

 
Other income/expense
 
$
9

 
 
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 cash flow hedges:
 
 
 
 
 
 
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 cash flow hedges:
 
 
 
 
 
 
Foreign exchange currency contracts
 
$
935

 
Cost of sales
 
$
(6,641
)
Foreign exchange currency contracts
 
$
(90
)
 
Other income/expense
 
$
268

___________________________________________________________________________
(1)
The ineffective portion was immaterial during fiscal 2014, fiscal 2013 and fiscal 2012 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 1, 2014
 
Year Ended Feb 2, 2013
Beginning balance gain (loss)
 
$
(1,782
)
 
$
4,259

Net gains from changes in cash flow hedges
 
4,092

 
2,044

Net gains reclassified to income
 
(2,423
)
 
(8,085
)
Ending balance loss
 
$
(113
)
 
$
(1,782
)
Summary of gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income and expense
The following table summarizes the gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income and expense for fiscal 2014, fiscal 2013 and fiscal 2012 (in thousands):
 
 
Location of
Gain/(Loss)
Recognized in
Income
 
Gain/(Loss) Recognized in Income
 
 
 
Year Ended Feb 1, 2014
 
Year Ended Feb 2, 2013
 
Year Ended Jan 28, 2012
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
Foreign exchange currency contracts
 
Other income/expense
 
$
1,843

 
$
(20
)
 
$
4,254

Interest rate swaps
 
Other income/expense
 
$
238

 
$
166

 
$
(171
)