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Fair Value Measurement (Tables)
 3 Months Ended
Apr. 29, 2017
Fair Value Measurement  
Schedule of investment securities classified as held-to-maturity

As of April 29, 2017, 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):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair Market

 

 

    

Cost

    

Gains

    

Losses

    

Value

 

Short-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

Obligations of the U.S. Treasury and U.S. government agencies (Level 1)

 

$

10,395

 

$

 —

 

$

(16)

 

$

10,379

 

Obligations of states and municipalities (Level 2)

 

 

8,705

 

 

 1

 

 

(1)

 

 

8,705

 

Bank certificates of deposit (Level 2)

 

 

15,089

 

 

 —

 

 

 —

 

 

15,089

 

 

 

$

34,189

 

$

 1

 

$

(17)

 

$

34,173

 

Long-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

Obligations of the U. S. Treasury (Level 1)

 

$

14,968

 

$

 1

 

$

(50)

 

$

14,919

 

Bank certificates of deposit (Level 2)

 

 

10,946

 

 

 —

 

 

 —

 

 

10,946

 

 

 

$

25,914

 

$

 1

 

$

(50)

 

$

25,865

 

 

As of January 28, 2017, the Company’s investment securities were classified as held-to-maturity and consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair Market

 

 

 

Cost

  

Gains

  

Losses

 

Value

 

Short-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

Obligations of the U. S. Treasury (Level 1)

 

$

9,995

 

$

 1

 

$

 —

 

$

9,996

 

Obligations of states and municipalities (Level 2)

 

 

14,816

 

 

 2

 

 

(1)

 

 

14,817

 

Bank certificates of deposit (Level 2)

 

 

13,215

 

 

 —

 

 

—

 

 

13,215

 

 

 

$

38,026

 

$

 3

 

$

(1)

 

$

38,028

 

Long-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

Obligations of the U. S. Treasury (Level 1)

 

$

15,011

 

$

 —

 

$

(51)

 

$

14,960

 

Bank certificates of deposit (Level 2)

 

 

11,680

 

 

 —

 

 

 —

 

 

11,680

 

 

 

$

26,691

 

$

 —

 

$

(51)

 

$

26,640

 

 

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 April 29, 2017 by contractual maturity are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Fair

 

 

 

Amortized

 

Market

 

 

    

Cost

    

Value

 

Mature in one year or less

 

$

34,189

 

$

34,173

 

Mature after one year through five years

 

 

25,914

 

 

25,865

 

 

 

$

60,103

 

$

60,038

 

 

The amortized cost and fair market value of investment securities as of January 28, 2017 by contractual maturity were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Fair

 

 

 

Amortized

 

Market

 

 

    

Cost

    

Value

 

Mature in one year or less

 

$

38,026

 

$

38,028

 

Mature after one year through five years

 

 

26,691

 

 

26,640

 

 

 

$

64,717

 

$

64,668