Derivative Financial Instruments (Tables)

6 Months Ended

Jul. 28, 2012

Derivative Financial Instruments

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

	Derivative Balance Sheet Location	Fair Value at July 28, 2012		Fair Value at Jan. 28, 2012
ASSETS:
Derivatives designated as hedging instruments:
Foreign exchange currency contracts	Other current assets	$	5,515	$	3,113
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Other current assets	5,060		5,202
Total		$	10,575	$	8,315
LIABILITIES:
Derivatives designated as hedging instruments:
Foreign exchange currency contracts	Current liabilities	$	2	$	641
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Current liabilities	262		466
Interest rate swaps	Long-term liabilities	909		975
Total derivatives not designated as hedging instruments		1,171		1,441
Total		$	1,173	$	2,082

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

	Gain/(Loss) Recognized in OCI				Location of Gain/(Loss)	Gain/(Loss) Reclassified from Accumulated OCI into Income
	Three Months Ended July 28, 2012		Three Months Ended July 30, 2011		Reclassified from Accumulated OCI into Income (1)	Three Months Ended July 28, 2012		Three Months Ended July 30, 2011
Derivatives designated as hedging instruments:
Foreign exchange currency contracts	$	7,641	$	3,843	Cost of sales	$	714	$	(737	)
Foreign exchange currency contracts	$	673	$	280	Other income/expense	$	118	$	(89	)

	Gain/(Loss) Recognized in OCI					Location of Gain/(Loss)	Gain/(Loss) Reclassified from Accumulated OCI into Income
	Six Months Ended July 28, 2012		Six Months Ended July 30, 2011			Reclassified from Accumulated OCI into Income (1)	Six Months Ended July 28, 2012		Six Months Ended July 30, 2011
Derivatives designated as hedging instruments:
Foreign exchange currency contracts	$	6,818	$	(7,209	)	Cost of sales	$	3,157	$	(3,070	)
Foreign exchange currency contracts	$	622	$	(611	)	Other income/expense	$	296	$	11

(1) The ineffective portion was immaterial during the three and six months ended July 28, 2012 and July 30, 2011 and was recorded in net earnings and included in interest income/expense.

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

	Three Months Ended						Six Months Ended
	July 28, 2012			July 30, 2011			July 28, 2012			July 30, 2011
Beginning balance gain (loss)	$	1,465		$	(9,793	)	$	4,259		$	(1,789	)
Net gains (losses) from changes in cash flow hedges	7,261			3,504			6,767			(6,425		)
Net losses (gains) reclassified to income	(733		)	670			(3,033		)	2,595
Ending balance gain (loss)	$	7,993		$	(5,619	)	$	7,993		$	(5,619	)

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 28, 2012			Three Months Ended July 30, 2011			Six Months Ended July 28, 2012		Six Months Ended July 30, 2011
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Other income/expense	$	8,474		$	3,270		$	6,220	$	(12,406	)
Interest rate swaps	Other income/expense	$	(14	)	$	(163	)	$	5	$	—