Investments And Restricted Investments

12 Months Ended

Jan. 31, 2015

Investments And Restricted Investments [Abstract]

Investments And Restricted Investments

Investments and Restricted Investments

The amortized cost and fair value of the Company’s available-for-sale securities as of January 31, 2015 were:

($000)	Amortized cost		Unrealized gains		Unrealized losses			Fair value		Short-term		Long-term
Investments
Corporate securities	$	3,298	$	243	$	(5	)	$	3,536	$	500	$	3,036
Mortgage-backed securities	69		5		—			74		—		74
Total investments	3,367		248		(5		)	3,610		500		3,110
Restricted Investments
U.S. government and agency securities	3,563		265		—			3,828		—		3,828
Total restricted investments	3,563		265		—			3,828		—		3,828
Total	$	6,930	$	513	$	(5	)	$	7,438	$	500	$	6,938

The amortized cost and fair value of the Company's available-for-sale securities as of February 1, 2014 were:

($000)	Amortized cost		Unrealized gains		Unrealized losses			Fair value		Short-term		Long-term
Investments
Corporate securities	$	3,298	$	325	$	(4	)	$	3,619	$	—	$	3,619
U.S. government and agency securities	12,005		1		—			12,006		12,006		—
Mortgage-backed securities	86		5		—			91		—		91
Total investments	15,389		331		(4		)	15,716		12,006		3,710
Restricted Investments
Corporate securities	110		5		—			115		115		—
U.S. government and agency securities	3,728		266		—			3,994		145		3,849
Total restricted investments	3,838		271		—			4,109		260		3,849
Total	$	19,227	$	602	$	(4	)	$	19,825	$	12,266	$	7,559

The change in fair value of investment securities for fiscal years 2014, 2013, and 2012 was a decrease of $0.1 million, $0.3 million, and $0.1 million, respectively.

Accounting standards pertaining to fair value measurements establish a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. This fair value hierarchy also requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Corporate, U.S. government and agency, and mortgage-backed securities are classified within Level 1 or Level 2 because these securities are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs.

Investments and restricted investments measured at fair value at January 31, 2015 are summarized below:

	Fair Value Measurements at Reporting Date
	January 31, 2015		Quoted prices in active markets for identical assets		Significant other observable inputs		Significant unobservable inputs
($000)			(Level 1)		(Level 2)		(Level 3)
Investments
Corporate securities	$	3,536	$	—	$	3,536	$	—
Mortgage-backed securities	74		—		74		—
Total investments	3,610		—		3,610		—
Restricted Investments
U.S. government and agency securities	3,828		3,828		—		—
Total restricted investments	3,828		3,828		—		—
Total	$	7,438	$	3,828	$	3,610	$	—

Investments and restricted investments measured at fair value at February 1, 2014 are summarized below:

	Fair Value Measurements at Reporting Date
	February 1, 2014		Quoted prices in active markets for identical assets		Significant other observable inputs		Significant unobservable inputs
($000)			(Level 1)		(Level 2)		(Level 3)
Investments
Corporate securities	$	3,619	$	—	$	3,619	$	—
U.S. government and agency securities	12,006		12,006		—		—
Mortgage-backed securities	91		—		91		—
Total investments	15,716		12,006		3,710		—
Restricted Investments
Corporate securities	115		—		115		—
U.S. government and agency securities	3,994		3,994		—		—
Total restricted investments	4,109		3,994		115		—
Total	$	19,825	$	16,000	$	3,825	$	—

The future maturities of investment and restricted investment securities at January 31, 2015 were:

	Investments				Restricted Investments
($000)	Cost basis		Estimated fair value		Cost basis		Estimated fair value
Maturing in one year or less	$	500	$	500	$	—	$	—
Maturing after one year through five years	2,867		3,110		3,563		3,828
Total	$	3,367	$	3,610	$	3,563	$	3,828

The underlying assets in the Company’s non-qualified deferred compensation program as of January 31, 2015 and February 1, 2014 (included in Other long-term assets and in Other long-term liabilities) primarily consist of participant-directed money market, stable value, stock, and bond funds. The fair value measurement for funds with quoted market prices in active markets (Level 1) and for funds without quoted market prices in active markets (Level 2) are as follows:

($000)	2014		2013
Level 1	$	81,926	$	76,913
Level 2	12,128		11,356
Total	$	94,054	$	88,269

Fair market value for Level 2 funds is considered to be the sum of participant funds invested under a group annuity contract plus accrued interest.