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Investments
 12 Months Ended
Feb. 02, 2013
Investments, Debt and Equity Securities [Abstract]  
INVESTMENTS
INVESTMENTS
Investments consisted of (in thousands):
 
February 2, 2013
 
January 28, 2012
Marketable securities:
 
 
 
Available-for-sale securities:
 
 
 
Auction rate securities — student loan backed
$
—

 
$
84,650

Auction rate securities — municipal authority bonds
—

 
14,858

Total available-for-sale securities
—

 
99,508

Rabbi Trust assets:(1)
 
 
 
Money market funds
22

 
23

Trust-owned life insurance policies (at cash surrender value)
87,575

 
85,126

Total Rabbi Trust assets
87,597

 
85,149

Total Investments
$
87,597

 
$
184,657

 
 
(1) 
Rabbi Trust assets are included in Other Assets on the Consolidated Balance Sheets and are restricted as to their use.
During Fiscal 2012, the Company sold its remaining ARS. As of January 28, 2012, the Company held $113 million in par value of auction rate securities at a recorded fair value of $99.5 million. Based on the sale of the remaining ARS, the Company recorded a gain of $2.5 million for Fiscal 2012.
The irrevocable rabbi trust (the “Rabbi Trust”) is intended to be used as a source of funds to match respective funding obligations to participants in the Abercrombie & Fitch Co. Nonqualified Savings and Supplemental Retirement Plan I, the Abercrombie & Fitch Co. Nonqualified Savings and Supplemental Retirement Plan II and the Chief Executive Officer Supplemental Executive Retirement Plan. The Rabbi Trust assets are consolidated and recorded at fair value, with the exception of the trust-owned life insurance policies which are recorded at cash surrender value. The Rabbi Trust assets are included in Other Assets on the Consolidated Balance Sheets and are restricted as to their use as noted above. The change in cash surrender value of the trust-owned life insurance policies held in the Rabbi Trust resulted in realized gains of $2.4 million and $2.5 million for Fiscal 2012 and Fiscal 2011, respectively, recorded as part of Interest Expense, Net on the Consolidated Statements of Operations and Comprehensive Income.