Short-term and Other Investments

12 Months Ended

Feb. 02, 2019

InvestmentsDebtAndEquitySecuritiesAbstract

3. Short-Term Investments:

At February 2, 2019, 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 February 2, 2019 and February 3, 2018 (in thousands):

		February 2, 2019						February 3, 2018
	Debt securities						Debt securities
	issued by the U.S						issued by the U.S
	Government, its various						Government, its various
	States, municipalities		Corporate				States, municipalities		Corporate
	and agencies		debt				and agencies		debt
	of each		securities		Total		of each		securities		Total
Cost basis	]	71,953	$	114,372	$	186,325	$	96,701	$	23,079	$	119,780
Unrealized gains		-		-		-		-		-		-
Unrealized (loss)		(371)		(147)		(518)		(718)		(226)		(944)
Estimated fair value	$	71,582	$	114,225	$	185,807	$	95,983	$	22,853	$	118,836

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 February 2, 2019 and February 3, 2018 (in thousands)

	February 2, 2019						February 3, 2018

			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	$	(518)	$	121	$	(397)	$	(945)	$	225	$	(720)
Equity Investments		417		(97)		320		524		(125)		399
Total	$	(101)	$	24	$	(77)	$	(421)	$	100	$	(321)