Fair Value (Tables)

3 Months Ended

May 02, 2020

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 that are measured at fair value on a recurring basis, were as follows:



	Assets at Fair Value as of May 2, 2020
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents ⁽¹⁾	$	265	$	23,571	$	—	$	23,836
Rabbi Trust assets ⁽²⁾	1		59,638		—		59,639
Restricted cash equivalents ⁽³⁾	6,298		8,050		—		14,348
Total assets	$	6,564	$	91,259	$	—	$	97,823



	Assets and Liabilities at Fair Value as of February 1, 2020
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents ⁽¹⁾	$	225	$	58,447	$	—	$	58,672
Derivative instruments ⁽⁴⁾	—		1,969		—		1,969
Rabbi Trust assets ⁽²⁾	1		109,048		—		109,049
Restricted cash equivalents ⁽³⁾	9,765		4,601		—		14,366
Total assets	$	9,991	$	174,065	$	—	$	184,056

Liabilities:
Derivative instruments ⁽⁴⁾	$	—	$	1,460	$	—	$	1,460
Total liabilities	$	—	$	1,460	$	—	$	1,460


⁽¹⁾	Level 1 assets consist of investments in money market funds. Level 2 assets consist of time deposits.


⁽²⁾	Level 1 assets consist of investments in money market funds. Level 2 assets consist of trust-owned life insurance policies.

⁽³⁾

Level 1 assets consist of investments in U.S. treasury bills and money market funds. Level 2 assets consist of time deposits.

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

The carrying amount and fair value of gross borrowings under the Company’s term loan facility were as follows:



(in thousands)	May 2, 2020		February 1, 2020
Gross borrowings outstanding, carrying amount	$	233,250	$	233,250
Gross borrowings outstanding, fair value	$	219,255	$	233,979