Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive (Loss) Income

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Accumulated Other Comprehensive (Loss) Income
9 Months Ended
Nov. 02, 2019
Accumulated Other Comprehensive (Loss) Income  
Accumulated Other Comprehensive (Loss) Income

11. Accumulated Other Comprehensive (Loss) Income

The following table summarizes the components of accumulated other comprehensive (loss) income for the nine months ended November 2, 2019 (in thousands):

Foreign

Currency

Cash Flow

Pension

 

    

Translation

    

Hedges

    

Plan

    

Total

 

BALANCE— February 2, 2019

$

(29,820)

$

(4,314)

$

155

$

(33,979)

Other comprehensive loss before reclassifications

 

(5,691)

(26,871)

 

(32,562)

Amounts reclassified from accumulated other comprehensive loss

 

(114)

 

(114)

Release of cumulative foreign currency translation adjustment to loss from discontinued operations (see Note 2)

 

26,885

 

26,885

Tax Effect

6,650

6,650

Net current-period other comprehensive loss

 

21,194

 

(20,335)

 

859

BALANCE— November 2, 2019

$

(8,626)

$

(24,649)

$

155

$

(33,120)

The following table summarizes the components of accumulated other comprehensive (loss) income for the nine months ended November 3, 2018 (in thousands):

Foreign

 

Currency

 

Cash Flow

 

Pension

     

Translation

    

Hedges

    

Plan

    

Total

 

BALANCE— February 3, 2018

 

$

(11,116)

 

$

145

 

$

189

 

$

(10,782)

Other comprehensive (loss) income before reclassifications

 

(26,023)

 

9,151

 

 

(16,872)

Amounts reclassified from accumulated other comprehensive income

 

 

2,487

 

 

2,487

Tax Effect

(2,689)

(2,689)

Net current-period other comprehensive (loss) income

 

(26,023)

 

8,949

 

 

(17,074)

BALANCE— November 3, 2018

 

$

(37,139)

 

$

9,094

 

$

189

 

$

(27,856)

Amounts reclassified from other comprehensive (loss) income for the nine months ended November 2, 2019 relate to changes in the fair value of our interest rate swaps which is recorded within interest expense in the condensed consolidated statement of (loss) earnings and the impact of the cancellation of cash flow hedges related to inventory purchases for our recently sold corporate apparel business, which is recorded within loss on discontinued operations.  Amounts reclassified from other comprehensive (loss) income for the nine months ended November 3, 2018 relate to changes in the fair value of our interest rate swaps and changes in the fair value of cash flow hedges related to inventory purchases, which is recorded within cost of sales in the condensed consolidated statement of (loss) earnings.