Fair Value (Tables)

6 Months Ended

Aug. 03, 2024

Fair Value Disclosures [Abstract]

Company's Assets and Liabilities Measured at Fair Value

The following table provides the three levels of the hierarchy and the distribution of the Company’s assets measured at fair value on a recurring basis, as of August 3, 2024 and February 3, 2024:

	Assets and Liabilities at Fair Value as of August 3, 2024
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents (1)	$	135,547	$	27,609	$	—	$	163,156
Marketable securities (2)	—		15,014		—		15,014
Derivative instruments (3)	—		390		—		390
Rabbi Trust assets (4)	1,164		53,207		—		54,371
Restricted cash equivalents (1)	3,300		1,458		—		4,758
Total assets	$	140,011	$	97,678	$	—	$	237,689
Liabilities:
Derivative instruments (3)	$	—	$	360	$	—	$	360
Total liabilities	$	—	$	360	$	—	$	360

	Assets and Liabilities at Fair Value as of February 3, 2024
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents (1)	$	349,174	$	26,975	$	—	$	376,149
Derivative instruments (3)	—		1,092		—		1,092
Rabbi Trust assets (4)	1,164		52,521		—		53,685
Restricted cash equivalents (1)	4,282		1,420		—		5,702
Total assets	$	354,620	$	82,008	$	—	$	436,628
Liabilities:
Derivative instruments (3)	$	—	$	539	$	—	$	539
Total liabilities	$	—	$	539	$	—	$	539

(1)    Level 1 assets consisted of investments in money market funds and U.S. treasury bills. Level 2 assets consisted of time deposits with original maturities of less than three months.

(2)    Level 2 assets consisted of time deposits with original maturities greater than three months, but less than one year.

(3)    Level 2 assets and liabilities consisted primarily of foreign currency exchange forward contracts.

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