
B.	INVESTMENTS

The following is a summary of investments as of February 2, 2019:



	Amortized Cost or Par Value		Gross Unrealized Gains		Gross Unrealized Losses			Other-than- Temporary Impairment		Estimated Fair Value
Held-to-Maturity Securities:
State and municipal bonds	$	56,313	$	65	$	(7	)	$	—	$	56,371

Trading Securities:
Mutual funds	$	13,364	$	614	$	—		$	—	$	13,978

The following is a summary of investments as of February 3, 2018:



	Amortized Cost or Par Value		Gross Unrealized Gains		Gross Unrealized Losses			Other-than- Temporary Impairment		Estimated Fair Value
Available-for-Sale Securities:
Auction-rate securities	$	1,725	$	—	$	(120	)	$	—	$	1,605

Held-to-Maturity Securities:
State and municipal bonds	$	55,527	$	9	$	(76	)	$	—	$	55,460

Trading Securities:
Mutual funds	$	13,746	$	1,408	$	—		$	—	$	15,154

The amortized cost and fair value of debt securities by contractual maturity as of February 2, 2019 is as follows:



	Amortized Cost		Fair Value
Held-to-Maturity Securities
Less than 1 year	$	51,546	$	51,596
1 - 5 years	4,767		4,775
Total	$	56,313	$	56,371

As of February 3, 2018, $1,605 of available-for-sale securities are classified as long-term investments. As of February 2, 2019 and February 3, 2018, $4,767 and $4,694 of held-to-maturity securities are classified in long-term investments. Trading securities are held in a Rabbi Trust, intended to fund the Company’s deferred compensation plan, and are classified in long-term investments.

The Company’s investments in auction-rate securities (“ARS”) are classified as available-for-sale and reported at fair market value. As of February 3, 2018, the reported investment amount is net of $120 of temporary impairment to account for the impairment of certain securities from their stated par value. The temporary impairment is reported, net of tax, as an “accumulated other comprehensive loss” of $89 in stockholders’ equity as of February 3, 2018. The investments considered temporarily impaired, all of which had been in loss positions for over a year, were successfully redeemed during fiscal 2018 at par value plus accrued interest. As of February 3, 2018, all of the Company’s investments in ARS were classified in long-term investments.