| Schedule of Changes in Accumulated Other Comprehensive Income (Loss), Net of Related Income Taxes |
The changes in accumulated other comprehensive income (loss) (“AOCL”), net of related income taxes, are (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustment | | Derivative Financial Instruments Designated as Cash Flow Hedges | | Defined Benefit Plans | | Total | | | | | | | | | | Three Months Ended May 3, 2025 | | Balance at February 1, 2025 | $ | (164,846) | | | $ | 7,300 | | | $ | (1,650) | | | $ | (159,196) | | | Gains (losses) arising during the period | 38,481 | | | (14,612) | | | (947) | | | 22,922 | | | Reclassification to net earnings (loss) for gains realized | — | | | (853) | | | (9) | | | (862) | | | Net other comprehensive income (loss) | 38,481 | | | (15,465) | | | (956) | | | 22,060 | | | Balance at May 3, 2025 | $ | (126,365) | | | $ | (8,165) | | | $ | (2,606) | | | $ | (137,136) | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended May 4, 2024 | | Balance at February 3, 2024 | $ | (136,115) | | | $ | (544) | | | $ | (351) | | | $ | (137,010) | | | Gains (losses) arising during the period | (2,993) | | | 1,145 | | | 233 | | | (1,615) | | | Reclassification to net earnings (loss) for (gains) losses realized | — | | | 1,620 | | | (43) | | | 1,577 | | | Net other comprehensive income (loss) | (2,993) | | | 2,765 | | | 190 | | | (38) | | | Balance at May 4, 2024 | $ | (139,108) | | | $ | 2,221 | | | $ | (161) | | | $ | (137,048) | | | | | | | | | |
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| Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss) to Net Earnings (Loss) |
Details on reclassifications out of AOCL to net earnings (loss) are (in thousands): | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | Location of (Gain) Loss Reclassified from AOCL into Earnings (Loss) | | May 3, 2025 | | May 4, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Derivative financial instruments designated as cash flow hedges: | | | | | | | | | | | Foreign exchange currency contracts | $ | (958) | | | $ | 2,045 | | | | | | | Cost of product sales | | | | | | | | | | | | Interest rate swap | — | | | (155) | | | | | | | Interest expense | | Less income tax effect | 105 | | | (270) | | | | | | | Income tax benefit | | (853) | | | 1,620 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Defined benefit plans: | | | | | | | | | | | Net actuarial (gain) loss amortization | 24 | | | (3) | | | | | | | Other income, net | | Prior service credit amortization | (45) | | | (40) | | | | | | | Other income, net | | Less income tax effect | 12 | | | — | | | | | | | Income tax benefit | | (9) | | | (43) | | | | | | | | | Total reclassifications during the period | $ | (862) | | | $ | 1,577 | | | | | | | |
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