Annual report pursuant to Section 13 and 15(d)

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

v3.20.1
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
12 Months Ended
Feb. 01, 2020
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME  
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

12.  ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

The following table summarizes the components of accumulated other comprehensive (loss) income during fiscal 2019, 2018 and 2017 (in thousands and net of tax):

Foreign

Currency

Cash Flow

Pension

 

    

Translation

    

Hedges

    

Plan

    

Total

 

BALANCE— January 28, 2017

$

(40,205)

$

(82)

$

204

$

(40,083)

Other comprehensive (loss) income before reclassifications

 

29,089

(3,359)

(20)

 

25,710

Amounts reclassified from accumulated other comprehensive loss

 

4,682

 

4,682

Tax effect

 

(1,096)

5

 

(1,091)

Net other comprehensive income (loss)

 

29,089

 

227

(15)

 

29,301

BALANCE— February 3, 2018

 

(11,116)

145

189

 

(10,782)

Other comprehensive loss before reclassifications

 

(18,704)

(8,393)

(45)

 

(27,142)

Amounts reclassified from accumulated other comprehensive loss

 

2,178

 

2,178

Tax effect

1,756

11

1,767

Net other comprehensive loss

 

(18,704)

 

(4,459)

(34)

 

(23,197)

BALANCE— February 2, 2019

(29,820)

(4,314)

155

(33,979)

Other comprehensive loss before reclassifications

 

(4,847)

(30,578)

(701)

 

(36,126)

Amounts reclassified from accumulated other comprehensive loss

 

1,250

 

1,250

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

 

26,885

 

26,885

Tax effect

7,274

182

7,456

Net other comprehensive income (loss)

 

22,038

 

(22,054)

(519)

 

(535)

BALANCE— February 1, 2020

$

(7,782)

$

(26,368)

$

(364)

$

(34,514)

Amounts reclassified from other comprehensive (loss) income in fiscal 2019 related to changes in the fair value of our interest rate swaps, which is recorded in interest expense in the consolidated statement of (loss) earnings and the impact of the cancellation of cash flow hedges related to inventory purchases for our divested corporate apparel business. Amounts reclassified from other comprehensive (loss) income in fiscal 2018 and 2017 related to changes in the fair value of our interest rate swaps which is recorded in interest expense in the consolidated statement of (loss) earnings and changes in the fair value of cash flow hedges related to inventory purchases, which is recorded within cost of sales in the consolidated statement of (loss) earnings.