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Derivative Financial Instruments (Tables)
9 Months Ended
Oct. 29, 2022
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 is (in thousands):
 Fair Value at Oct 29, 2022Fair Value at Jan 29, 2022Derivative Balance Sheet Location
ASSETS:   
Derivatives designated as hedging instruments:   
Cash flow hedges:
   Foreign exchange currency contracts$13,207 $5,999 Other current assets/
Other assets
   Interest rate swap1,317 — Other assets
Total derivatives designated as hedging instruments14,524 5,999 
Derivatives not designated as hedging instruments:  
Foreign exchange currency contracts2,168 1,134 Other current assets
Total$16,692 $7,133  
LIABILITIES:   
Derivatives designated as hedging instruments:   
Cash flow hedges:
   Foreign exchange currency contracts$1,155 $— Accrued expenses/
Other long-term liabilities
   Interest rate swap— 74 Other long-term liabilities
Total derivatives designated as hedging instruments1,155 74 
Derivatives not designated as hedging instruments:   
Foreign exchange currency contracts52 — Accrued expenses and other current liabilities
Total$1,207 $74  
Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges
The following summarizes the gains (losses) before income taxes recognized on derivative instruments designated as cash flow hedges in OCI and net earnings (in thousands): 
 
Gains Recognized in OCI
Location of Gains (Losses) Reclassified from Accumulated OCI into EarningsGains (Losses) Reclassified from Accumulated OCI into Earnings
 Oct 29, 2022Oct 30, 2021Oct 29, 2022Oct 30, 2021
Three Months Ended
Derivatives designated as cash flow hedges:     
Foreign exchange currency contracts$6,234 $2,797 Cost of product sales$4,141 $(1,270)
Interest rate swap764 275 Interest expense30 (72)
Nine Months Ended
Derivatives designated as cash flow hedges:     
Foreign exchange currency contracts$16,358 $6,089 Cost of product sales$7,013 $(2,561)
Interest rate swap1,325 397 Interest expense(66)(203)
Summary of net after-tax derivative activity recorded in accumulated other comprehensive income (loss)
The following summarizes net after income tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands):
 Three Months EndedNine Months Ended
 Oct 29, 2022Oct 30, 2021Oct 29, 2022Oct 30, 2021
Beginning balance gain (loss)$14,240 $(602)$7,280 $(4,876)
Net gains from changes in cash flow hedges6,136 2,701 15,578 5,725 
Net (gains) losses reclassified into earnings(3,709)1,185 (6,191)2,435 
Ending balance gain$16,667 $3,284 $16,667 $3,284 
Summary of gains (losses) before taxes recognized on the derivative instruments not designated as hedging instruments in other income (expense)
The following summarizes the gains before income taxes recognized on derivative instruments not designated as hedging instruments in other income (expense) (in thousands):
 Location of Gains Recognized in EarningsGains Recognized in Earnings
Three Months EndedNine Months Ended
 Oct 29, 2022Oct 30, 2021Oct 29, 2022Oct 30, 2021
Foreign exchange currency contractsOther expense$1,153 $360 $4,294 $916