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Derivative Financial Instruments (Tables)
 12 Months Ended
Feb. 03, 2024
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 Feb 3, 2024Fair Value at Jan 28, 2023Derivative Balance Sheet Location
ASSETS:   
Derivatives designated as hedging instruments:   
Cash flow hedges:
Foreign exchange currency contracts$1,590 $1,073 Other current assets/Other assets
Interest rate swap797 1,034 Other assets
Total derivatives designated as hedging instruments2,387 2,107 
Derivatives not designated as hedging instruments:   
Foreign exchange currency contracts688 1,146 Other current assets
2028 Bond Hedge85,918 — Other assets
Total$88,993 $3,253  
LIABILITIES:   
Derivatives designated as hedging instruments:   
Cash flow hedges:
Foreign exchange currency contracts$763 $12,930 Accrued expenses/Other long-term liabilities
Interest rate swaps— — Other long-term liabilities
Total derivatives designated as hedging instruments763 12,930 
Derivatives not designated as hedging instruments:   
Foreign exchange currency contracts939 3,774 Accrued expenses and other current liabilities
Embedded derivatives16,390 — Convertible senior notes due 2028, net
Total$18,092 $16,704  
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 OCL and net earnings (in thousands):
Gain (Loss) Recognized in OCLGain (Loss) Reclassified from AOCL into EarningsLocation of Gain (Loss) Reclassified from AOCL into Earnings
Year Ended February 3, 2024
Foreign exchange currency contracts$5,705 $4,392 Cost of product sales
Interest rate swap$411 $647 Interest expense
Year Ended January 28, 2023
Foreign exchange currency contracts$(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 $(272)Interest expense
Summary of net after-tax derivative activity recorded in accumulated other comprehensive income (loss)
The following summarizes net after income tax derivative activity recorded in AOCL (in thousands):
Year Ended
Feb 3, 2024Jan 28, 2023
Beginning balance gain (loss)$(1,584)$7,280 
Net gains from changes in cash flow hedges5,451 47 
Net (gains) reclassified to earnings (4,411)(8,911)
Ending balance loss$(544)$(1,584)
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 EarningsGain (Loss) Recognized in Earnings
Year Ended
Feb 3, 2024Jan 28, 2023Jan 29, 2022
Foreign exchange currency contractsOther expense$2,253 $(2,833)$1,941 
2028 Bond HedgeOther expense$1,233 $— $— 
Embedded derivativesOther expense$(235)$— $—