Short-term and Other Investments

12 Months Ended

Jan. 28, 2017

InvestmentsDebtAndEquitySecuritiesAbstract

Short-Term and Other Investments

3.  Short-Term Investments:

      At January 28, 2017, the Company’s investment portfolio was primarily invested in governmental debt securities held in managed accounts. These securities are classified as available-for-sale as they are highly liquid and are recorded on the Consolidated Balance Sheets at estimated fair value, with unrealized gains and temporary losses reported net of taxes in Accumulated other comprehensive income.

      The table below reflects gross accumulated unrealized gains (losses) in short-term investments at January 28, 2017 and January 30, 2016 (in thousands):

		January 28, 2017						January 30, 2016
	Debt securities						Debt securities
	issued by various						issued by various
	states of the United						states of the United
	States and political		Corporate				States and political		Corporate
	subdivisions of		debt				subdivisions of		debt
	the states		securities		Total		the states		securities		Total
Cost basis		173,616		28,405		202,021		192,561		21,955		214,516
Unrealized gains		-		-		-		939		40		979
Unrealized (loss)		(663)		(125)		(788)		-		-		-
Estimated fair value	$	172,953	$	28,280	$	201,233	$	193,500	$	21,995	$	215,495

Accumulated other comprehensive income on the Consolidated Balance Sheets reflects the accumulated unrealized net gains in short-term investments in addition to unrealized gains from equity investments and restricted cash investments. The table below reflects gross accumulated unrealized gains in these investments at January 28, 2017 and January 30, 2016 (in thousands)

	January 28, 2017						January 30, 2016
			Deferred		Unrealized				Deferred		Unrealized
	Unrealized		Tax		Net Gain/		Unrealized		Tax		Net Gain/
Security Type	Gain/(Loss)		Benefit		(Loss)		Gain/(Loss)		Benefit		(Loss)
Short-Term Investments	$	(789)	$	294	$	(495)	$	978	$	(368)	$	610
Equity Investments		448		(167)		281		304		(114)		190
Total	$	(341)	$	127	$	(214)	$	1,282	$	(482)	$	800