Fair Value Measurements (Tables)

12 Months Ended

Feb. 02, 2013

Fair Value Measurements

Schedule of investment securities classified as held-to-maturity

As of February 2, 2013, the Company’s investment securities are classified as held-to-maturity since the Company has the intent and ability to hold the investments to maturity.  Such securities are carried at amortized cost plus accrued interest and consist of the following (in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
Short-term:
Obligations of the U. S. Treasury (Level 1)	$	4,993	$	39	$	—	$	5,032
Obligations of states and municipalities (Level 2)	1,731		9		—		1,740
Bank certificates of deposit (Level 2)	6,047		—		—		6,047
	$	12,771	$	48	$	—	$	12,819
Long-term:
Bank certificates of deposit (Level 2)	$	5,754	$	6	$	—	$	5,760

As of January 28, 2012, the Company’s investment securities were classified as held-to-maturity and consisted of the following (in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
Short-term:
Bank certificates of deposit (Level 2)	$	902	$	1	$	—	$	903
Long-term:
Obligations of the U. S. Treasury (Level 1)	$	4,986	$	77	$	—	$	5,063
Obligations of states and municipalities (Level 2)	1,809		19		—		1,828
Bank certificates of deposit (Level 2)	12,045		—		1		12,044
	$	18,840	$	96	$	1	$	18,935

Schedule of amortized cost and fair market value of investment securities by contractual maturity

The amortized cost and fair market value of investment securities as of February 2, 2013 by contractual maturity are as follows (in thousands):

	Amortized Cost		Fair Market Value
Mature in one year or less	$	12,771	$	12,819
Mature after one year through five years	5,754		5,760
	$	18,525	$	18,579

The amortized cost and fair market value of investment securities as of January 28, 2012 by contractual maturity were as follows (in thousands):

	Amortized Cost		Fair Market Value
Mature in one year or less	$	902	$	903
Mature after one year through five years	18,840		18,935
	$	19,742	$	19,838