Fair Value of Financial Instruments (Tables)

3 Months Ended

May 01, 2021

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):


	May 1, 2021						January 30, 2021						May 2, 2020
	Level I		Level II		Level III		Level I		Level II		Level III		Level I		Level II		Level III
Short-term investments	$	129	$	—	$	—	$	219	$	—	$	—	$	468	$	—	$	—
Long-term investments	2,155		—		—		2,107		—		—		1,844		—		—
Short-term contingent earnout	—		—		—		—		—		15,000		—		—		10,000
Long-term contingent earnout	—		—		—		—		—		—		—		—		77
Total investments	$	2,284	$	—	$	—	$	2,326	$	—	$	15,000	$	2,312	$	—	$	10,077

Reconciliation of Contingent Earnout Balance

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


	13-Weeks Ended				52-Weeks Ended				13-Weeks Ended
	May 1, 2021				January 30, 2021				May 2, 2020
	Short-term		Long-term		Short-term		Long-term		Short-term		Long-term
Beginning balance	$	15,000	$	—	$	9,958	$	11,099	$	9,958	$	11,099
Change in valuation, net	—		—		3,943		—		42		(11,022)
Payment	(15,000)		—		(10,000)		—		—		—
Reclassification from long-term, net	—		—		11,099		(11,099)		—		—
Ending balance	$	—	$	—	$	15,000	$	—	$	10,000	$	77