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Fair Value Disclosures
9 Months Ended
Nov. 03, 2018
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 are categorized as Level 1 in the fair value hierarchy.
 
The fair value of the Company’s cash and cash equivalents, accounts receivable, and other short term borrowings approximates their carrying values at November 3, 2018 due to the short-term maturities of these instruments.  The fair value of the Company’s long-term debt at November 3, 2018 was approximately $389 million.  The carrying value of the Company’s long-term debt at November 3, 2018 was $365.5 million.  The fair value of the Company’s subordinated debentures at November 3, 2018 was approximately $207 million.  The carrying value of the Company’s subordinated debentures at November 3, 2018 was $200 million.