Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Loss

v3.20.2
Accumulated Other Comprehensive Loss
3 Months Ended
May 02, 2020
Accumulated Other Comprehensive Loss.  
Accumulated Other Comprehensive Loss

12. Accumulated Other Comprehensive Loss

The following table summarizes the components of accumulated other comprehensive loss for the three months ended May 2, 2020 (in thousands):

Foreign

Currency

Cash Flow

Pension

 

    

Translation

    

Hedges

    

Plan

    

Total

 

BALANCE— February 1, 2020

$

(7,782)

$

(26,368)

$

(364)

$

(34,514)

Other comprehensive loss before reclassifications

 

(3,902)

(10,434)

 

(14,336)

Amounts reclassified from accumulated other comprehensive loss

 

2,109

 

2,109

Net other comprehensive loss

 

(3,902)

 

(8,325)

 

(12,227)

BALANCE— May 2, 2020

$

(11,684)

$

(34,693)

$

(364)

$

(46,741)

The following table summarizes the components of accumulated other comprehensive loss for the three months ended May 4, 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

 

(1,585)

 

(6,795)

 

 

(8,380)

Amounts reclassified from accumulated other comprehensive loss

 

 

(635)

 

 

(635)

Tax Effect

1,816

1,816

Net other comprehensive loss

 

(1,585)

 

(5,614)

 

 

(7,199)

BALANCE— May 4, 2019

 

$

(31,405)

 

$

(9,928)

 

$

155

 

$

(41,178)

Amounts reclassified from other comprehensive loss for the three months ended May 2, 2020 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.  Amounts reclassified from other comprehensive loss for the three months ended May 4, 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 changes in the fair value of cash flow hedges related to inventory purchases for our divested corporate apparel business, which is recorded within cost of sales in the condensed consolidated statement of (loss) earnings.