Marketable Securities

12 Months Ended

Feb. 01, 2020

Investments, Debt and Equity Securities [Abstract]

Marketable securities as of February 1, 2020 consisted of commercial paper classified as available-for-sale and fixed income securities, that we have the intent and ability to hold to maturity and therefore, are classified as held-to-maturity. Our investments in commercial paper and fixed income securities are recorded at fair value and amortized cost, which approximates fair value, respectively. All of our marketable securities are less than one year from maturity.

The following table summarizes investments in marketable securities at February 1, 2020 and February 2, 2019 (in thousands):



	February 1, 2020
	Cost or Amortized Cost	Gross Unrealized Holding Gains	Estimated Fair Value
Commercial paper	$54,463	$293	$54,756
Fixed income securities	15,024	—	15,024
Total marketable securities	$69,487	$293	$69,780

	February 2, 2019
	Cost or Amortized Cost	Gross Unrealized Holding Gains	Estimated Fair Value
Commercial paper	$49,402	$302	$49,704
Fixed income securities	26,215	—	26,215
Total marketable securities	$75,617	$302	$75,919

For fiscal years 2019, 2018 and 2017, we recognized gains on investments for commercial paper of $1.2 million, $1.0 million and $0.8 million, respectively, which matured during the period. Upon recognition of the gains, we reclassified these amounts out of accumulated other comprehensive income and into other income, net, on the accompanying Consolidated Statements of Income.