Short-term and Other Investments

12 Months Ended

Jan. 30, 2021

Investments Debt And Equity Securities [Abstract]

Short-Term and Other Investments

3. Short-Term Investments:

 At January 30, 2021, the Company’s investment portfolio was primarily invested in corporate and

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 30, 2021 and February 1, 2020 (in thousands):

`

January 30, 2021

February 1, 2020

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

$

40,701

$

85,045

$

125,746

$

73,116

$

127,096

$

200,212

Unrealized gains

422

654

1,076

308

1,086

1,394

Unrealized (loss)

-

-

-

-

-

-

Estimated fair value

$

41,123

$

85,699

$

126,822

$

73,424

$

128,182

$

201,606

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 30, 2021 and February 1, 2020 (in thousands):

`

January 30, 2021

February 1, 2020

Deferred

Unrealized

Deferred

Unrealized

Unrealized

Tax Benefit/

Net Gain/

Unrealized

Tax Benefit/

Net Gain/

Security Type

Gain/(Loss)

(Expense)

(Loss)

Gain/(Loss)

(Expense)

(Loss)

Short-Term Investments

$

1,076

$

(250)

$

826

$

1,394

$

(323)

$

1,071

Equity Investments

429

(100)

329

458

(106)

352

Total

$

1,505

$

(350)

$

1,155

$

1,852

$

(429)

$

1,423