Abercrombie & Fitch 2014 Annual Report Download - page 67

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ABERCROMBIE & FITCH CO.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
67
14. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
The activity in accumulated other comprehensive (loss) income for Fiscal 2014 was as follows:
Fiscal 2014
(in thousands)
Unrealized (Loss) Gain
on Derivative Financial
Instruments Foreign Currency
Translation Adjustment Total
Beginning balance at February 1, 2014 $ (2,166) $ (18,751) $ (20,917)
Other comprehensive income (loss) before reclassifications 16,572 (76,891) (60,319)
Reclassified from accumulated other comprehensive (loss) income(1) (440) — (440)
Tax effect on other comprehensive income (loss) (866) (1,038) (1,904)
Other comprehensive income (loss) 15,266 (77,929) (62,663)
Ending balance at January 31, 2015 $ 13,100 $ (96,680) $ (83,580)
(1) For Fiscal 2014 the gain or loss was reclassified from Other Comprehensive (Loss) Income to the Cost of Goods Sold line item on the
Consolidated Statement of Operations and Comprehensive (Loss) Income.
The activity in accumulated other comprehensive (loss) income for Fiscal 2013 was as follows:
Fiscal 2013
(in thousands)
Unrealized (Loss) Gain
on Derivative Financial
Instruments Foreign Currency
Translation Adjustment Total
Beginning balance February 2, 2013 $ (7,220) $ (6,068) $ (13,288)
Other comprehensive income (loss) before reclassifications 6,435 (12,683) (6,248)
Reclassified from accumulated other comprehensive (loss) income(1) (857) — (857)
Tax effect on other comprehensive income (loss) (524) — (524)
Other comprehensive income (loss) 5,054 (12,683) (7,629)
Ending balance at February 1, 2014 $ (2,166) $ (18,751) $ (20,917)
(1) For Fiscal 2013 the gain or loss was reclassified from Other Comprehensive (Loss) Income to the Cost of Goods Sold line item on the
Consolidated Statement of Operations and Comprehensive (Loss) Income.
The activity in accumulated other comprehensive (loss) income for Fiscal 2012 was as follows:
Fiscal 2012
(in thousands)
Unrealized (Loss) Gain
on Derivative Financial
Instruments Foreign Currency
Translation Adjustment Total
Beginning balance January 28, 2012 $ 11,932 $ (5,641) $ 6,291
Other comprehensive income (loss) before reclassifications (4,003) (427) (4,430)
Reclassified from accumulated other comprehensive (loss) income(1) (17,510) — (17,510)
Tax effect on other comprehensive income (loss) 2,361 — 2,361
Other comprehensive income (loss) (19,152) (427) (19,579)
Ending balance at February 2, 2013 $ (7,220) $ (6,068) $ (13,288)
(1) For Fiscal 2012 the gain or loss was reclassified from Other Comprehensive (Loss) Income to the Cost of Goods Sold line item on the
Consolidated Statement of Operations and Comprehensive (Loss) Income.