Fair Value Measurement (Tables)

3 Months Ended

May 02, 2020

Fair Value Measurements

Schedule of investment securities classified as held-to-maturity

As of May 2, 2020, 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)	$	5	$	—	$	—	$	5
	$	5	$	—	$	—	$	5

As of February 1, 2020, 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)	$	17,277	$	8	$	(2)	$	17,283
Bank certificates of deposit (Level 2)		10,285		—		—		10,285
	$	27,562	$	8	$	(2)	$	27,568
Long-term:
Obligations of the U.S. Treasury (Level 1)	$	1,908	$	—	$	(1)	$	1,907
Bank certificates of deposit (Level 2)		13,767		—		—		13,767
	$	15,675	$	—	$	(1)	$	15,674

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 1, 2020 by contractual maturity were as follows (in thousands):

			Fair
	Amortized		Market
	Cost		Value
Mature in one year or less	$	27,562	$	27,568
Mature after one year through five years		15,675		15,674
	$	43,237	$	43,242