Fair Value Measurements (Tables)

6 Months Ended

Jul. 30, 2016

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at July 30, 2016, August 1, 2015 and January 30, 2016. The Company did not have any transfers between Level 1 and Level 2 during the twenty-six weeks ended July 30, 2016 or August 1, 2015.



				Fair Value Measurements
($ thousands)	Total			Level 1			Level 2			Level 3
Asset (Liability)
As of July 30, 2016:
Cash equivalents – money market funds	$	132,320		$	132,320		$	—		$	—
Non-qualified deferred compensation plan assets	4,637			4,637			—			—
Non-qualified deferred compensation plan liabilities	(4,637		)	(4,637		)	—			—
Deferred compensation plan liabilities for non-employee directors	(1,705		)	(1,705		)	—			—
Restricted stock units for non-employee directors	(9,060		)	(9,060		)	—			—
Performance share units	(2,347		)	(2,347		)	—			—
Derivative financial instruments, net	(200		)	—			(200		)	—
Secured convertible note	7,190			—			—			7,190
As of August 1, 2015:
Cash equivalents – money market funds	$	91,709		$	91,709		$	—		$	—
Non-qualified deferred compensation plan assets	3,879			3,879			—			—
Non-qualified deferred compensation plan liabilities	(3,879		)	(3,879		)	—			—
Deferred compensation plan liabilities for non-employee directors	(2,423		)	(2,423		)	—			—
Restricted stock units for non-employee directors	(10,263		)	(10,263		)	—			—
Performance share units	(3,518		)	(3,518		)	—			—
Derivative financial instruments, net	713			—			713			—
Secured convertible note	7,118			—			—			7,118
As of January 30, 2016:
Cash equivalents – money market funds	$	100,694		$	100,694		$	—		$	—
Non-qualified deferred compensation plan assets	3,383			3,383			—			—
Non-qualified deferred compensation plan liabilities	(3,383		)	(3,383		)	—			—
Deferred compensation plan liabilities for non-employee directors	(1,728		)	(1,728		)	—			—
Restricted stock units for non-employee directors	(8,879		)	(8,879		)	—			—
Performance share units	(3,780		)	(3,780		)	—			—
Derivative financial instruments, net	154			—			154			—
Secured convertible note	7,117			—			—			7,117

Schedule of Fair Value of Financial Instruments

The fair values of cash and cash equivalents (excluding money market funds discussed above), restricted cash, receivables and trade accounts payable approximate their carrying values due to the short-term nature of these instruments.

The carrying amounts and fair values of the Company's other financial instruments subject to fair value disclosures are as follows:



	July 30, 2016					August 1, 2015					January 30, 2016
	Carrying			Fair		Carrying			Fair		Carrying			Fair
($ thousands)	Value		⁽¹⁾	Value		Value		⁽¹⁾	Value		Value		⁽¹⁾	Value
Current portion of long-term debt	$	—		$	—	$	39,157		$	40,823	$	—		$	—
Long-term debt	196,774			205,500		195,919			202,000		196,544			196,000
Total debt	$	196,774		$	205,500	$	235,076		$	242,823	$	196,544		$	196,000



⁽¹⁾	The carrying value of the long-term debt is net of deferred issuance costs of $3.2 million, $4.1 million and $3.5 million as of July 30, 2016, August 1, 2015 and January 30, 2016, respectively, as a result of the adoption of ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, during the fourth quarter of 2015.