Quarterly report pursuant to Section 13 or 15(d)

Derivative Financial Instruments (Tables)

v3.19.2
Derivative Financial Instruments (Tables)
6 Months Ended
Aug. 03, 2019
Derivative Financial Instruments  
Schedule of derivative instruments recorded in the condensed consolidated balance sheets

The following table provides details on our derivative instruments recorded in the condensed consolidated balance sheets as of August 3, 2019, August 4, 2018 and February 2, 2019 (in thousands):

August 3, 2019

August 4, 2018

February 2, 2019

Balance

Estimated

Balance

Estimated

Balance

Estimated

    

Sheet Location

    

Fair Value

    

Sheet Location

    

Fair Value

    

Sheet Location

    

Fair Value

 

Interest rate contracts

Other current assets

$

Other current assets

$

1,478

Other current assets

$

1,610

Interest rate contracts

Other assets

Other assets

5,430

Other assets

1,355

Foreign exchange contracts

Other current assets

2,787

Other current assets

1,332

Other current assets

109

Total assets

$

2,787

$

8,240

$

3,074

Interest rate contracts

Accrued expenses and other current liabilities

$

5,304

Accrued expenses and other current liabilities

$

1,735

Accrued expenses and other current liabilities

$

1,625

Interest rate contracts

Deferred taxes, net and other liabilities

24,949

Deferred taxes, net and other liabilities

Deferred taxes, net and other liabilities

7,605

Foreign exchange contracts

Accrued expenses and other current liabilities

464

Accrued expenses and other current liabilities

197

Accrued expenses and other current liabilities

77

Total liabilities

$

30,717

$

1,932

$

9,307

Schedule of derivative instruments recorded in the condensed consolidated statements of earnings and comprehensive income (loss)

The following table provides details on our derivative instruments recorded in the condensed consolidated statements of earnings and comprehensive (loss) income for the three and six months ended August 3, 2019 and August 4, 2018 (in thousands):

Amount of Gain/(Loss) Recognized in Other Comprehensive Loss, net of tax

Location of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings

Amount of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings

For the Three Months Ended

For the Three Months Ended

    

August 3, 2019

    

August 4, 2018

August 3, 2019

    

August 4, 2018

Derivatives in Cash Flow Hedging Relationships:

    

    

    

    

Interest rate contracts

$

(12,943)

$

(255)

Interest expense

$

99

$

153

Foreign exchange contracts

955

798

Cost of sales

(176)

473

Total

$

(11,988)

$

543

$

(77)

$

626

Amount of Gain/(Loss) Recognized in Other Comprehensive Loss, net of tax

Location of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings

Amount of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings

For the Six Months Ended

For the Six Months Ended

    

August 3, 2019

    

August 4, 2018

August 3, 2019

    

August 4, 2018

Derivatives in Cash Flow Hedging Relationships:

    

    

    

    

Interest rate contracts

$

(18,138)

$

785

Interest expense

$

113

$

307

Foreign exchange contracts

1,052

1,845

Cost of sales

(706)

1,032

Total

$

(17,086)

$

2,630

$

(593)

$

1,339