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Fair Value Measurement (Tables)
 3 Months Ended
May 04, 2019
Fair Value Measurement  
Schedule of investment securities classified as held-to-maturity

As of May 4, 2019, 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)

 

$

34,329

 

$

10

 

$

(22)

 

$

34,317

 

Bank certificates of deposit (Level 2)

 

 

8,806

 

 

 —

 

 

 —

 

 

8,806

 

 

 

$

43,135

 

$

10

 

$

(22)

 

$

43,123

 

Long-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

990

 

$

 —

 

$

(1)

 

$

989

 

Bank certificates of deposit (Level 2)

 

 

6,787

 

 

 —

 

 

 —

 

 

6,787

 

 

 

$

7,777

 

$

 —

 

$

(1)

 

$

7,776

 

 


As of February 2, 2019, 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 and U.S. government agencies (Level 1)

 

$

38,706

 

$

 4

 

$

(37)

 

$

38,673

 

Obligations of states and municipalities (Level 2)

 

 

95

 

 

 —

 

 

 —

 

 

95

 

Bank certificates of deposit (Level 2)

 

 

11,549

 

 

 —

 

 

—

 

 

11,549

 

 

 

$

50,350

 

$

 4

 

$

(37)

 

$

50,317

 

Long-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

4,956

 

$

 —

 

$

(16)

 

$

4,940

 

Bank certificates of deposit (Level 2)

 

 

3,927

 

 

 —

 

 

 —

 

 

3,927

 

 

 

$

8,883

 

$

 —

 

$

(16)

 

$

8,867

 

 

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 May 4, 2019 by contractual maturity are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Fair

 

 

 

Amortized

 

Market

 

 

    

Cost

    

Value

 

Mature in one year or less

 

$

43,135

 

$

43,123

 

Mature after one year through five years

 

 

7,777

 

 

7,776

 

 

 

$

50,912

 

$

50,899

 

 


The amortized cost and fair market value of investment securities as of February 2, 2019 by contractual maturity were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Fair

 

 

 

Amortized

 

Market

 

 

    

Cost

    

Value

 

Mature in one year or less

 

$

50,350

 

$

50,317

 

Mature after one year through five years

 

 

8,883

 

 

8,867

 

 

 

$

59,233

 

$

59,184