Fair Value of Financial Instruments (Tables)

6 Months Ended

Aug. 01, 2020

Fair Value of Financial Assets and Liabilities by Fair Value Hierarchy

The table below segregates all financial assets and financial liabilities that are measured at fair value on a recurring basis (at least annually) into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value (in thousands):


	August 1, 2020										February 1, 2020								August 3, 2019
	Level I		Level II		Level III		Level I		Level II		Level III		Level I		Level II		Level III
Short-term investments	$	222	$	—	$	—	$	554	$	—	$	—	$	95	$	—	$	—
Long-term investments	2,177		—		—		2,208		—		—		2,588		—		—
Short-term contingent earnout	—		—		14,550		—		—		9,958		—		—		6,998
Long-term contingent earnout	—		—		—		—		—		11,099		—		—		6,672
Total investments	$	2,399	$	—	$	14,550	$	2,762	$	—	$	21,057	$	2,683	$	—	$	13,670

Reconciliation of Contingent Earnout Balance

The table below are reconciliations of the contingent earnout balance for each period presented (in thousands):


	26-Weeks Ended						52-Weeks Ended						26-Weeks Ended
	August 1, 2020						February 1, 2020						August 3, 2019
	Short-term		Long-term		Short-term		Long-term		Short-term		Long-term
Beginning Balance	$	9,958	$	11,099	$	—	$	9,200	$	—	$	9,200
Change in valuation, net	3,493		—		9,958		1,899		6,998		(2,528)
Payment of year one earnout	(10,000)		—		—		—		—		—
Reclassification from long-term, net	11,099		(11,099)		—		—		—		—
Ending Balance	$	14,550	$	—	$	9,958	$	11,099	$	6,998	$	6,672