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Derivative Financial Instruments (Tables)
 3 Months Ended
Apr. 29, 2017
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 April 29, 2017 and January 28, 2017 is as follows (in thousands):
 
 
Derivative
Balance Sheet
Location
 
Fair Value at
Apr 29, 2017
 
Fair Value at
Jan 28, 2017
ASSETS:
 
 
 
 

 
 

Derivatives designated as hedging instruments:
 
 
 
 

 
 

Cash flow hedges:
 
 
 
 
 
 
   Foreign exchange currency contracts
 
Other current assets/
Other assets
 
$
5,641

 
$
6,072

   Interest rate swap
 
Other assets
 
713

 
876

Total derivatives designated as hedging instruments
 
 
 
6,354

 
6,948

Derivatives not designated as hedging instruments:
 
 
 
 
 
 

Foreign exchange currency contracts
 
Other current assets/
Other assets
 
2,944

 
3,796

Total
 
 
 
$
9,298

 
$
10,744

LIABILITIES:
 
 
 
 

 
 

Derivatives designated as hedging instruments:
 
 
 
 

 
 

Cash flow hedges:
 
 
 
 
 
 
   Foreign exchange currency contracts
 
Accrued expenses/
Other long-term liabilities
 
$
372

 
$
1,250

Derivatives not designated as hedging instruments:
 
 
 
 

 
 

Foreign exchange currency contracts
 
Accrued expenses
 
224

 
174

Total
 
 
 
$
596

 
$
1,424
Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net loss
The following table summarizes the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net loss for the three months ended April 29, 2017 and April 30, 2016 (in thousands): 
 
Gain (Loss)
Recognized in
OCI
 
Location of
Gain (Loss)
Reclassified from
Accumulated OCI
into Loss (1)
 
Gain (Loss)
Reclassified from
Accumulated OCI into
Loss
 
Three Months Ended
 
 
Three Months Ended
 
Apr 29, 2017
 
Apr 30, 2016
 
 
Apr 29, 2017
 
Apr 30, 2016
Derivatives designated as cash flow hedges:
 

 
 

 
 
 
 

 
 

Foreign exchange currency contracts
$
857

 
$
(11,412
)
 
Cost of product sales
 
$
618

 
$
1,435

Foreign exchange currency contracts
$
(211
)
 
$
(699
)
 
Other income/expense
 
$
79

 
$
32

Interest rate swap
$
(200
)
 
$
(132
)
 
Interest expense
 
$
(36
)
 
$
(51
)
__________________________________
(1)
The Company recognized gains of $0.6 million and $0.5 million resulting from the ineffective portion related to foreign exchange currency contracts in interest income during the three months ended April 29, 2017 and April 30, 2016, respectively. There was no ineffectiveness recognized related to the interest rate swap during the three months ended April 29, 2017 and April 30, 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
 
Apr 29, 2017
 
Apr 30, 2016
Beginning balance gain
$
5,400

 
$
7,252

Net gains (losses) from changes in cash flow hedges
124

 
(9,880
)
Net gains reclassified to loss
(576
)
 
(1,145
)
Ending balance gain (loss)
$
4,948

 
$
(3,773
)
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 months ended April 29, 2017 and April 30, 2016 (in thousands):
 
 
Location of
Gain (Loss)
Recognized in
Loss
 
Gain (Loss)
Recognized in Loss
 
 
 
Three Months Ended
 
 
 
Apr 29, 2017
 
Apr 30, 2016
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
Foreign exchange currency contracts
 
Other income/expense
 
$
(793
)
 
$
(6,029
)
Interest rate swap
 
Other income/expense
 
$
—

 
$
38