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Derivative Financial Instruments (Tables)
 9 Months Ended
Oct. 29, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of fair value of derivative instruments in the condensed consolidated balance sheets
The fair value of derivative instruments in the condensed consolidated balance sheets as of October 29, 2016 and January 30, 2016 is as follows (in thousands):
 
 
Derivative
Balance Sheet
Location
 
Fair Value at
Oct 29, 2016
 
Fair Value at
Jan 30, 2016
ASSETS:
 
 
 
 

 
 

Derivatives designated as hedging instruments:
 
 
 
 

 
 

Cash flow hedges:
 
 
 
 
 
 
   Foreign exchange currency contracts
 
Other current assets/
Other assets
 
$
4,415

 
$
7,491

Derivatives not designated as hedging instruments:
 
 
 
 
 
 

Foreign exchange currency contracts
 
Other current assets
 
2,323

 
2,306

Total
 
 
 
$
6,738

 
$
9,797

LIABILITIES:
 
 
 
 

 
 

Derivatives designated as hedging instruments:
 
 
 
 

 
 

Cash flow hedges:
 
 
 
 
 
 
   Foreign exchange currency contracts
 
Accrued expenses/
Other long-term liabilities
 
$
868

 
$
47

   Interest rate swap
 
Other long-term liabilities
 
150

 
—

Total derivatives designated as hedging instruments
 
 
 
1,018

 
47

Derivatives not designated as hedging instruments:
 
 
 
 

 
 

Foreign exchange currency contracts
 
Accrued expenses
 
468

 
319

Interest rate swap
 
Accrued expenses
 
—

 
37

Total derivatives not designated as hedging instruments
 
 
 
468

 
356

Total
 
 
 
$
1,486

 
$
403
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 the three and nine months ended October 29, 2016 and October 31, 2015 (in thousands): 
 
Gain
Recognized in
OCI
 
Location of
Gain (Loss)
Reclassified from
Accumulated OCI
into Earnings (1)
 
Gain (Loss)
Reclassified from
Accumulated OCI into
Earnings
 
Three Months Ended
 
 
Three Months Ended
 
Oct 29, 2016
 
Oct 31, 2015
 
 
Oct 29, 2016
 
Oct 31, 2015
Derivatives designated as cash flow hedges:
 

 
 

 
 
 
 

 
 

Foreign exchange currency contracts
$
3,421

 
$
363

 
Cost of product sales
 
$
739

 
$
2,507

Foreign exchange currency contracts
$
260

 
$
46

 
Other income/expense
 
$
45

 
$
(40
)
Interest rate swap
$
500

 
$
—

 
Interest expense
 
$
(57
)
 
$
—

 
Gain (Loss)
Recognized in
OCI
 
Location of
Gain (Loss)
Reclassified from
Accumulated OCI
into Earnings (1)
 
Gain (Loss)
Reclassified from
Accumulated OCI into
Earnings
 
Nine Months Ended
 
 
Nine Months Ended
 
Oct 29, 2016
 
Oct 31, 2015
 
 
Oct 29, 2016
 
Oct 31, 2015
Derivatives designated as cash flow hedges:
 

 
 

 
 
 
 

 
 

Foreign exchange currency contracts
$
(2,229
)
 
$
4,559

 
Cost of product sales
 
$
3,315

 
$
7,450

Foreign exchange currency contracts
$
(96
)
 
$
276

 
Other income/expense
 
$
126

 
$
776

Interest rate swap
$
(317
)
 
$
—

 
Interest expense
 
$
(167
)
 
$
—

 __________________________________
(1)
The Company recognized gains of $0.3 million and $0.8 million resulting from the ineffective portion related to foreign exchange currency contracts in interest income during the three and nine months ended October 29, 2016, respectively. The Company recognized gains of $0.1 million resulting from the ineffective portion related to foreign exchange currency contracts in interest income during the three and nine months ended October 31, 2015, respectively. There was no ineffectiveness recognized related to the interest rate swap during the three and nine months ended October 29, 2016.
Summary of net after-tax derivative activity recorded in accumulated other comprehensive income (loss)
The following table summarizes net after-tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands):
 
Three Months Ended
 
Nine Months Ended
 
Oct 29, 2016
 
Oct 31, 2015
 
Oct 29, 2016
 
Oct 31, 2015
Beginning balance gain (loss)
$
(37
)
 
$
5,868

 
$
7,252

 
$
7,157

Net gains (losses) from changes in cash flow hedges
3,305

 
330

 
(1,958
)
 
3,988

Net gains reclassified to earnings
(593
)
 
(2,158
)
 
(2,619
)
 
(7,105
)
Ending balance gain
$
2,675

 
$
4,040

 
$
2,675

 
$
4,040
Summary of gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income (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 the three and nine months ended October 29, 2016 and October 31, 2015 (in thousands):
 
 
Location of
Gain (Loss)
Recognized in
Earnings
 
Gain
Recognized in Earnings
 
Gain (Loss)
Recognized in Earnings
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
Oct 29, 2016
 
Oct 31, 2015
 
Oct 29, 2016
 
Oct 31, 2015
Derivatives not designated as hedging instruments:
 
 
 
 

 
 

 
 
 
 
Foreign exchange currency contracts
 
Other income/expense
 
$
2,440

 
$
286

 
$
(704
)
 
$
2,445

Interest rate swap
 
Other income/expense
 
$
—

 
$
44

 
$
38

 
$
140