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

As of July 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)

 

$

10,398

 

$

 —

 

$

(12)

 

$

10,386

 

Obligations of states and municipalities (Level 2)

 

 

6,676

 

 

 1

 

 

 —

 

 

6,677

 

Bank certificates of deposit (Level 2)

 

 

15,595

 

 

 —

 

 

 —

 

 

15,595

 

 

 

$

32,669

 

$

 1

 

$

(12)

 

$

32,658

 

Long-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

14,971

 

$

 —

 

$

(55)

 

$

14,916

 

Obligations of states and municipalities (Level 2)

 

 

60

 

 

 —

 

 

 —

 

 

60

 

Bank certificates of deposit (Level 2)

 

 

11,717

 

 

 —

 

 

 —

 

 

11,717

 

 

 

$

26,748

 

$

 —

 

$

(55)

 

$

26,693

 

 

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

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Fair

 

 

 

Amortized

 

Market

 

 

    

Cost

    

Value

 

Mature in one year or less

 

$

32,669

 

$

32,658

 

Mature after one year through five years

 

 

26,748

 

 

26,693

 

 

 

$

59,417

 

$

59,351

 

 

 

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