Fair Value (Tables)

12 Months Ended

Feb. 02, 2013

Schedule of the Company's Assets and Liabilities measured at Fair Value

The three levels of the hierarchy and the distribution of the Company’s assets and liabilities, measured at fair value, within it were as follows:



	Assets and Liabilities at Fair Value as of February 2, 2013
	Level 1		Level 2		Level 3		Total
	(in thousands)
ASSETS:
Money market funds⁽¹⁾	$	245,019	$	—	$	—	$	245,019
Derivative financial instruments	—		2,493		—		2,493
Total assets measured at fair value	$	245,019	$	2,493	$	—	$	247,512
LIABILITIES:
Derivative financial instruments	—		9,987		—		9,987
Total liabilities measured at fair value	$	—	$	9,987	$	—	$	9,987


⁽¹⁾	Includes $245.0 million of money market funds included in Cash and Equivalents. Amounts held in the Rabbi Trust were immaterial.



	Assets and Liabilities at Fair Value as of January 28, 2012
	Level 1		Level 2		Level 3		Total
	(in thousands)
ASSETS:
Money market funds⁽¹⁾	$	209,039	$	—	$	—	$	209,039
ARS — available-for-sale — student loan backed	—		—		84,650		84,650
ARS — available-for-sale — municipal authority bonds	—		—		14,858		14,858
Derivative financial instruments	—		10,770		—		10,770
Total assets measured at fair value	$	209,039	$	10,770	$	99,508	$	319,317
LIABILITIES:
Derivative financial instruments	—		1,458		—		1,458
Total liabilities measured at fair value	$	—	$	1,458	$	—	$	1,458


⁽¹⁾	Includes $209.0 million of money market funds included in Cash and Equivalents. Amounts held in the Rabbi Trust were immaterial.

Schedule of Level 3 Assets and Liabilities

The table below includes a roll-forward of the Company’s level 3 assets and liabilities from January 28, 2012 to February 2, 2013. When a determination is made to classify an asset or liability within level 3, the determination is based upon the lack of significance of the observable parameters to the overall fair value measurement. However, the fair value determination for level 3 financial assets and liabilities may include observable components.



	Available-for-sale ARS - Student Loans			Available-for-sale ARS - Muni Bonds			Total
				(in thousands)
Fair value, January 28, 2012	$	84,650		$	14,858		$	99,508
Dispositions	(85,524		)	(16,439		)	(101,963		)
Gains and (losses), net:
Reported in Net Income	874			1,581			2,455
Fair value, February 2, 2013	$	—		$	—		$	—

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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