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Fair Value Disclosures
9 Months Ended
Oct. 30, 2021
Fair Value Disclosures [Abstract]  
Fair Value Disclosures Fair Value Disclosures
 
The estimated fair values of financial instruments presented herein have been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required in interpreting market data to develop estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of amounts the Company could realize in a current market exchange.
 
The fair value of the Company’s long-term debt and subordinated debentures is based on market prices and is categorized as Level 1 in the fair value hierarchy.
 
The fair value of the Company’s cash and cash equivalents and accounts receivable approximates their carrying values at October 30, 2021 due to the short-term maturities of these instruments.  The fair value of the Company’s long-term debt at October 30, 2021 was approximately $429 million.  The carrying value of the Company’s long-term debt at October 30, 2021 was $366 million.  The fair value of the Company’s subordinated debentures at October 30, 2021 was approximately $217 million.  The carrying value of the Company’s subordinated debentures at October 30, 2021 was $200 million.