Fair Value Measurement (Tables)

9 Months Ended

Nov. 02, 2013

Fair Value Measurement

Schedule of investment securities classified as held-to-maturity

As of November 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 states and municipalities (Level 2)	$	2,407	$	1	$	—		$	2,408
Obligations of the U. S. Treasury (Level 1)	4,999		8		—			5,007
Bank certificates of deposit (Level 2)	10,812		—		(1		)	10,811
	$	18,218	$	9	$	(1	)	$	18,226
Long-term:
Obligations of the U. S. Treasury (Level 1)	$	15,177	$	15	$	(1	)	$	15,191
Bank certificates of deposit (Level 2)	4,875		—		—			4,875
	$	20,052	$	15	$	(1	)	$	20,066

As of February 2, 2013, 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:
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

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 November 2, 2013 by contractual maturity are as follows (in thousands):

	Amortized Cost		Fair Market Value
Mature in one year or less	$	18,218	$	18,226
Mature after one year through five years	20,052		20,066
	$	38,270	$	38,292

The amortized cost and fair market value of investment securities as of February 2, 2013 by contractual maturity were 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