Short-term and Other Investments

12 Months Ended

Jan. 29, 2022

Investments, Debt and Equity Securities [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

3. Short-Term Investments:

 At January 29, 2022, 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 29, 2022 and January 30, 2021 (in thousands):

`

January 29, 2022

January 30, 2021

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

$

50,554

$

96,352

$

146,906

$

40,701

$

85,045

$

125,746

Unrealized gains

-

-

-

422

654

1,076

Unrealized (loss)

(388)

(520)

(908)

-

-

-

Estimated fair value

$

50,166

$

95,832

$

145,998

$

41,123

$

85,699

$

126,822

Accumulated other comprehensive income on the Consolidated Balance Sheets reflects the

accumulated unrealized gains and losses in short-term investments in addition to unrealized gains and

losses from equity investments and restricted cash investments. The table below reflects gross

accumulated unrealized gains in these investments at January 29, 2022 and January 30, 2021 (in

thousands):

`

January 29, 2022

January 30, 2021

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

$

(908)

$

211

$

(697)

$

1,076

$

(250)

$

826

Equity Investments

543

(126)

417

429

(100)

329

Total

$

(365)

$

85

$

(280)

$

1,505

$

(350)

$

1,155