Derivative Financial Instruments (Tables)

12 Months Ended

Jan. 28, 2023

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 is as follows (in thousands):

	Fair Value at Jan 28, 2023		Fair Value at Jan 29, 2022		Derivative Balance Sheet Location
ASSETS:
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign exchange currency contracts	$	1,073	$	5,999	Other current assets/Other assets
Interest rate swap	1,034		—		Other assets
Total derivatives designated as hedging instruments	2,107		5,999
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	1,146		1,134		Other current assets
Total	$	3,253	$	7,133
LIABILITIES:
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign exchange currency contracts	$	12,930	$	—	Accrued expenses/Other long-term liabilities
Interest rate swaps	—		74		Other long-term liabilities
Total derivatives designated as hedging instruments	12,930		74
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	3,774		—		Accrued expenses and other current liabilities
Total	$	16,704	$	74

Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in accumulated other comprehensive income (loss) and net earnings (loss)

The following summarizes the gains (losses) before income taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings (loss) (in thousands):

	Gain (Loss) Recognized in OCI		Gain (Loss) Reclassified from Accumulated OCI into Earnings (Loss)		Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings (Loss)
	Year Ended January 28, 2023
Foreign exchange currency contracts	$	(929)	$	9,988	Cost of product sales
Interest rate swap	1,136		28		Interest expense

	Year Ended January 29, 2022
Foreign exchange currency contracts	$	10,807	$	(2,051)	Cost of product sales
Interest rate swap	653		(272)		Interest expense

	Year Ended January 30, 2021
Foreign exchange currency contracts	$	(5,614)	$	6,298	Cost of product sales
Interest rate swap	(832)		(181)		Interest expense

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):

	Year Ended
	Jan 28, 2023		Jan 29, 2022
Beginning balance gain (loss)	$	7,280	$	(4,876)
Net gains from changes in cash flow hedges	47		10,121
Net (gains) losses reclassified to earnings (loss)	(8,911)		2,035
Ending balance gain (loss)	$	(1,584)	$	7,280

Summary of gains (loss) before taxes recognized on the derivative instruments not designated as hedging instruments in other income and expense

The following summarizes the gains (losses) before income taxes recognized on the derivative instruments not designated as hedging instruments in other income (expense) (in thousands):

	Location of Gain (Loss) Recognized in Earnings (Loss)	Gain (Loss) Recognized in Earnings (Loss)
		Year Ended
		Jan 28, 2023		Jan 29, 2022		Jan 30, 2021
Foreign exchange currency contracts	Other expense	$	(2,833)	$	1,941	$	(5,117)