Derivative Financial Instruments (Tables)

6 Months Ended

Jul. 30, 2011

Derivative Financial Instruments

Summary of fair value of derivative instruments in the condensed consolidated balance sheet

	Derivative Balance Sheet Location	Fair Value at July 30, 2011		Fair Value at Jan. 29, 2011
ASSETS:
Derivatives designated as hedging instruments:
Foreign exchange currency contracts	Other current assets	$	110	$	1,137
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Other current assets	526		2,090
Total		$	636	$	3,227
LIABILITIES:
Derivatives designated as hedging instruments:
Foreign exchange currency contracts	Current liabilities	$	3,670	$	1,598
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Current liabilities	11,198		6,168
Interest rate swaps	Long-term liabilities	894		868
Total derivatives not designated as hedging instruments		12,092		7,036
Total		$	15,762	$	8,634

Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings

	Gain/(Loss) Recognized in OCI				Location of Gain/(Loss)	Gain/(Loss) Reclassified from Accumulated OCI into Income/(Loss)
	Three Months Ended July 30, 2011		Three Months Ended July 31, 2010		Reclassified from Accumulated OCI into Income (1)	Three Months Ended July 30, 2011			Three Months Ended July 31, 2010
Derivatives designated as hedging instruments:
Foreign exchange currency contracts	$	3,843	$	759	Cost of sales	$	(737	)	$	422
Foreign exchange currency contracts	$	280	$	212	Other income/expense	$	(89	)	$	725

	Gain/(Loss) Recognized in OCI					Location of Gain/(Loss)	Gain/(Loss) Reclassified from Accumulated OCI into Income/(Loss)
	Six Months Ended July 30, 2011			Six Months Ended July 31, 2010		Reclassified from Accumulated OCI into Income (1)	Six Months Ended July 30, 2011			Six Months Ended July 31, 2010
Derivatives designated as hedging instruments:
Foreign exchange currency contracts	$	(7,209	)	$	1,007	Cost of sales	$	(3,070	)	$	(680	)
Foreign exchange currency contracts	$	(611	)	$	677	Other income/expense	$	11		$	982

(1) The ineffective portion was immaterial during the three and six months ended July 30, 2011 and July 31, 2010 and was recorded in net earnings and included in other income/expense.

Summary of net after-tax derivative activity recorded in accumulated other comprehensive income

	Three Months Ended						Six Months Ended
	July 30, 2011			July 31, 2010			July 30, 2011			July 31, 2010
Beginning balance (loss) gain	$	(9,793	)	$	3,273		$	(1,789	)	$	1,845
Net gains (losses) from changes in cash flow hedges	3,504			719			(6,425		)	1,555
Net losses (gains) reclassified to income	670			(1,090		)	2,595			(498		)
Ending balance (loss) gain	$	(5,619	)	$	2,902		$	(5,619	)	$	2,902

Summary of gains (losses) before taxes recognized on the derivative instruments not designated as cash flow hedges in other income and expense

	Location of	Gain/(Loss) Recognized in Income					Gain/(Loss) Recognized in Income
	Gain/(Loss) Recognized in Income	Three Months Ended July 30, 2011			Three Months Ended July 31, 2010		Six Months Ended July 30, 2011			Six Months Ended July 31, 2010
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Other income/expense	$	3,270		$	391	$	(12,406	)	$	3,836
Interest rate swaps	Other income/expense	$	(163	)	$	6	$	—		$	(167	)