Derivative Financial Instruments (Tables)

12 Months Ended

Jan. 28, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

The fair value of derivative instruments in the consolidated balance sheets as of January 28, 2017 and January 30, 2016 is as follows (in thousands):

	Derivative Balance Sheet Location	Fair Value at Jan 28, 2017		Fair Value at Jan 30, 2016
ASSETS:
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign exchange currency contracts	Other current assets/ Other assets	$	6,072	$	7,491
Interest rate swap	Other assets	876		—
Total derivatives designated as hedging instruments		6,948		7,491
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Other current assets/ Other assets	3,796		2,306
Total		$	10,744	$	9,797
LIABILITIES:
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign exchange currency contracts	Accrued expenses/ Other long-term liabilities	$	1,250	$	47
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Accrued expenses	174		319
Interest rate swap	Accrued expenses	—		37
Total derivatives not designated as hedging instruments		174		356
Total		$	1,424	$	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 fiscal 2017, fiscal 2016 and fiscal 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
	Year Ended Jan 28, 2017			Year Ended Jan 28, 2017
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts	$	—	Cost of product sales	$	3,518
Foreign exchange currency contracts	$	227	Other income/expense	$	301
Interest rate swap	$	660	Interest expense	$	(216	)

	Gain Recognized in OCI		Location of Gain Reclassified from Accumulated OCI into Earnings (1)	Gain Reclassified from Accumulated OCI into Earnings
	Year Ended Jan 30, 2016			Year Ended Jan 30, 2016
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts	$	9,301	Cost of product sales	$	8,314
Foreign exchange currency contracts	$	500	Other income/expense	$	833

	Gain Recognized in OCI		Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings (1)	Gain (Loss) Reclassified from Accumulated OCI into Earnings
	Year Ended Jan 31, 2015			Year Ended Jan 31, 2015
Derivatives designated as cash flow hedges:
Foreign exchange currency contracts	$	6,962	Cost of product sales	$	(272	)
Foreign exchange currency contracts	$	922	Other income/expense	$	165

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(1) The Company recognized gains (losses) of $0.9 million, $0.1 million and $(0.3) million resulting from the ineffective portion related to foreign exchange currency contracts in interest income (expense) during fiscal 2017, fiscal 2016 and fiscal 2015, respectively. There was no ineffectiveness recognized related to the interest rate swap during fiscal 2017.

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):

	Year Ended Jan 28, 2017			Year Ended Jan 30, 2016
Beginning balance gain	$	7,252		$	7,157
Net gains from changes in cash flow hedges	1,059			7,944
Net gains reclassified to earnings	(2,911		)	(7,849		)
Ending balance gain	$	5,400		$	7,252

Summary of gains before taxes recognized on the derivative instruments not designated as hedging instruments in other income

The following table summarizes the gains before taxes recognized on the derivative instruments not designated as hedging instruments in other income for fiscal 2017, fiscal 2016 and fiscal 2015 (in thousands):

	Location of Gain Recognized in Earnings	Gain Recognized in Earnings
		Year Ended Jan 28, 2017		Year Ended Jan 30, 2016		Year Ended Jan 31, 2015
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Other income/expense	$	2,427	$	4,346	$	14,723
Interest rate swap	Other income/expense	$	38	$	179	$	242