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Derivative Financial Instruments (Tables)
 9 Months Ended
Oct. 28, 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 October 28, 2017 and January 28, 2017 is as follows (in thousands):
 
 
Derivative
Balance Sheet
Location
 
Fair Value at
Oct 28, 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
 
$
1,042

 
$
6,072

   Interest rate swap
 
Other assets
 
812

 
876

Total derivatives designated as hedging instruments
 
 
 
1,854

 
6,948

Derivatives not designated as hedging instruments:
 
 
 
 
 
 

Foreign exchange currency contracts
 
Other current assets/
Other assets
 
778

 
3,796

Total
 
 
 
$
2,632

 
$
10,744

LIABILITIES:
 
 
 
 

 
 

Derivatives designated as hedging instruments:
 
 
 
 

 
 

Cash flow hedges:
 
 
 
 
 
 
   Foreign exchange currency contracts
 
Accrued expenses/
Other long-term liabilities
 
$
4,744

 
$
1,250

Derivatives not designated as hedging instruments:
 
 
 
 

 
 

Foreign exchange currency contracts
 
Accrued expenses
 
1,850

 
174

Total
 
 
 
$
6,594

 
$
1,424
Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss)
The following table summarizes the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss) for the three and nine months ended October 28, 2017 and October 29, 2016 (in thousands): 
 
Gain
Recognized in
OCI
 
Location of
Gain (Loss)
Reclassified from
Accumulated OCI
into Earnings (Loss) (1)
 
Gain (Loss)
Reclassified from
Accumulated OCI into
Earnings (Loss)
 
Three Months Ended
 
 
Three Months Ended
 
Oct 28, 2017
 
Oct 29, 2016
 
 
Oct 28, 2017
 
Oct 29, 2016
Derivatives designated as cash flow hedges:
 

 
 

 
 
 
 

 
 

Foreign exchange currency contracts
$
3,215

 
$
3,421

 
Cost of product sales
 
$
81

 
$
739

Foreign exchange currency contracts
$
38

 
$
260

 
Other income/expense
 
$
(337
)
 
$
45

Interest rate swap
$
134

 
$
500

 
Interest expense
 
$
(57
)
 
$
(57
)
 
Loss
Recognized in
OCI
 
Location of
Gain (Loss)
Reclassified from
Accumulated OCI
into Earnings (Loss) (1)
 
Gain (Loss)
Reclassified from
Accumulated OCI into
Earnings (Loss)
 
Nine Months Ended
 
 
Nine Months Ended
 
Oct 28, 2017
 
Oct 29, 2016
 
 
Oct 28, 2017
 
Oct 29, 2016
Derivatives designated as cash flow hedges:
 

 
 

 
 
 
 

 
 

Foreign exchange currency contracts
$
(10,601
)
 
$
(2,229
)
 
Cost of product sales
 
$
1,360

 
$
3,315

Foreign exchange currency contracts
$
(958
)
 
$
(96
)
 
Other income/expense
 
$
(244
)
 
$
126

Interest rate swap
$
(143
)
 
$
(317
)
 
Interest expense
 
$
(119
)
 
$
(167
)
__________________________________
(1)
The Company recognized gains of $0.5 million and $2.0 million resulting from the ineffective portion related to foreign exchange currency contracts in interest income during the three and nine months ended October 28, 2017, respectively. 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. There was no ineffectiveness recognized related to the interest rate swap during the three and nine months ended October 28, 2017 and 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 28, 2017
 
Oct 29, 2016
 
Oct 28, 2017
 
Oct 29, 2016
Beginning balance gain (loss)
$
(8,751
)
 
$
(37
)
 
$
5,400

 
$
7,252

Net gains (losses) from changes in cash flow hedges
2,749

 
3,305

 
(10,220
)
 
(1,958
)
Net (gains) losses reclassified to earnings (loss)
235

 
(593
)
 
(947
)
 
(2,619
)
Ending balance gain (loss)
$
(5,767
)
 
$
2,675

 
$
(5,767
)
 
$
2,675
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 28, 2017 and October 29, 2016 (in thousands):
 
 
Location of
Gain (Loss)
Recognized in
Earnings (Loss)
 
Gain
Recognized in Earnings (Loss)
 
Gain (Loss)
Recognized in Earnings (Loss)
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
Oct 28, 2017
 
Oct 29, 2016
 
Oct 28, 2017
 
Oct 29, 2016
Derivatives not designated as hedging instruments:
 
 
 
 

 
 

 
 
 
 
Foreign exchange currency contracts
 
Other income/expense
 
$
1,645

 
$
2,440

 
$
(5,688
)
 
$
(704
)
Interest rate swap
 
Other income/expense
 
$
—

 
$
—

 
$
—

 
$
38