Abercrombie & Fitch 2013 Annual Report Download - page 73

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73
As of February 2, 2013, the Company had the following outstanding foreign exchange forward contracts that were
entered into to hedge foreign currency denominated net monetary assets/liabilities:
Notional Amount(1)
Euro $ 23,195
Swiss Franc $ 10,935
British Pound $ 8,079
Japanese Yen $ 4,080
Canadian Dollar $ 2,031
(1) Amounts are reported in thousands and in U.S. Dollars equivalent as of February 2, 2013.
The location and amounts of derivative fair values on the Consolidated Balance Sheets as of February 2, 2013 and
January 28, 2012 were as follows:
Asset Derivatives Liability Derivatives
Balance
Sheet
Location February 2,
2013 January 28,
2012
Balance
Sheet
Location February 2,
2013 January 28,
2012
(in thousands)
Derivatives Designated as Hedging
Instruments:
Foreign Exchange Forward Contracts Other
Current Assets $ 1,967 $ 10,766 Other
Liabilities $ 9,270 $ 874
Derivatives Not Designated as
Hedging Instruments:
Foreign Exchange Forward Contracts Other
Current Assets $ 526 $ 4 Other
Liabilities $ 717 $ 584
Total Other
Current Assets $ 2,493 $ 10,770 Other
Liabilities $ 9,987 $ 1,458
Refer to Note 8, “FAIR VALUE,” for further discussion of the determination of the fair value of derivatives.
The location and amounts of derivative gains and losses for Fiscal 2012 and Fiscal 2011, respectively, on the
Consolidated Statements of Operations and Comprehensive Income were as follows:
Fiscal 2012 Fiscal 2011
February 2, 2013 January 28, 2012
Location Gain/(Loss) Gain/(Loss)
(in thousands)
Derivatives not designated as Hedging
Instruments:
Foreign Exchange Forward Contracts Other Operating
Income (Expense), Net $ 1,946 $ 1,503
Table of Contents ABERCROMBIE & FITCH CO.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)