Fair Value Measurements - Notes to Financial Statements

12 Months Ended

Jan. 29, 2022

FairValue Measurements [Abstract]

Fair Value Disclosures Text Block

4. Fair Value Measurements:

 The following tables set forth information regarding the Company’s financial assets that are measured

at fair value as of January 29, 2022 and January 30, 2021 (in thousands):

`

Prices in

Active

Significant

Markets for

Other

Significant

Identical

Observable

Unobservable

January 29, 2022

Assets

Inputs

Inputs

Description

Level 1

Level 2

Level 3

Assets:

 State/Municipal Bonds

$

30,451

$

-

$

30,451

$

-

 Corporate Bonds

76,909

-

76,909

-

 U.S. Treasury/Agencies Notes and Bonds

19,715

-

19,715

-

 Cash Surrender Value of Life Insurance

11,472

-

-

11,472

 Asset-backed Securities (ABS)

18,556

-

18,556

-

 Corporate Equities

818

818

-

-

 Commercial Paper

367

-

367

-

Total Assets

$

158,288

$

818

$

145,998

$

11,472

Liabilities:

 Deferred Compensation

(10,020)

-

-

(10,020)

Total Liabilities

$

(10,020)

$

-

$

-

$

(10,020)

Prices in

Active

Significant

Markets for

Other

Significant

Identical

Observable

Unobservable

January 30, 2021

Assets

Inputs

Inputs

Description

Level 1

Level 2

Level 3

Assets:

 State/Municipal Bonds

$

23,254

$

-

$

23,254

$

-

 Corporate Bonds

67,566

-

67,566

-

 U.S. Treasury/Agencies Notes and Bonds

17,869

-

17,869

-

 Cash Surrender Value of Life Insurance

11,263

-

-

11,263

 Asset-backed Securities (ABS)

16,064

-

16,064

-

 Corporate Equities

703

703

-

-

 Commercial Paper

2,069

-

2,069

-

Total Assets

$

138,788

$

703

$

126,822

$

11,263

Liabilities:

 Deferred Compensation

(10,316)

-

-

(10,316)

Total Liabilities

$

(10,316)

$

-

$

-

$

(10,316)

The following tables summarize the change in fair value of the Company’s financial assets and liabilities

measured using Level 3 inputs as of January 29, 2022 and

January 30, 2021

 (in thousands):

`

Fair Value

Measurements Using

Significant Unobservable

Asset Inputs (Level 3)

Cash

Surrender Value

Beginning Balance at January 30, 2021

$

11,263

 Total gains or (losses)

 Included in interest and other income (or

 changes in net assets)

209

Ending Balance at January 29, 2022

$

11,472

Fair Value

Measurements Using

Significant Unobservable

Liability Inputs (Level 3)

Deferred

Compensation

Beginning Balance at January 30, 2021

$

(10,316)

 Redemptions

1,010

 Additions

(304)

 Total (gains) or losses

 Included in interest and other income (or

 changes in net assets)

(410)

Ending Balance at January 29, 2022

$

(10,020)

Fair Value

Measurements Using

Significant Unobservable

Asset Inputs (Level 3)

Cash

Surrender Value

Beginning Balance at February 1, 2020

$

10,517

 Total gains or (losses)

 Included in interest and other income (or

 changes in net assets)

746

Ending Balance at January 30, 2021

$

11,263

Fair Value

Measurements Using

Significant Unobservable

Liability Inputs (Level 3)

Deferred

Compensation

Beginning Balance at February 1, 2020

$

(10,391)

 Redemptions

1,714

 Additions

(652)

 Total (gains) or losses

 Included in interest and other income (or

 changes in net assets)

(987)

Ending Balance at January 30, 2021

$

(10,316)