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Fair Value Measurements - Notes to Financial Statements | 12 Months Ended
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Feb. 02, 2019
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 February 2, 2019 and February 3, 2018 (in thousands):
|  |  |  |  |  | Prices in |  |  |  |  |  |
|  |  |  |  |  | Active |  | Significant |  |  |
|  |  |  |  |  | Markets for |  | Other |  | Significant
|  |  |  |  |  | Identical |  | Observable |  | Unobservable
|  |  | February 2, 2019 |  | Assets |  | Inputs |  | Inputs
| Description |  |  | Level 1 |  | Level 2 |  | Level 3
| Assets: |  |  |  |  |  |
| State/Municipal Bonds |  | $ | 54,346 |  | $ | - |  | $ | 54,346 |  | $ | -
| Corporate Bonds |  |  | 90,891 |  |  | - |  |  | 90,891 |  |  | -
| U.S. Treasury/Agencies Notes and Bonds |  |  | 17,236 |  |  | - |  |  | 17,236 |  |  | -
| Cash Surrender Value of Life Insurance |  |  | 9,093 |  |  | - |  |  | - |  |  | 9,093
| Asset-backed Securities (ABS) |  |  | 23,334 |  |  | - |  |  | 23,334 |  |  | -
| Corporate Equities |  |  | 690 |  |  | 690 |  |  | - |  |  | -
| Certificates of Deposit |  |  | 101 |  |  | 101 |  |  | - |  |  | -
| Total Assets |  | $ | 195,691 |  | $ | 791 |  | $ | 185,807 |  | $ | 9,093
| Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
| Deferred Compensation |  |  | (8,908) |  |  | - |  |  | - |  |  | (8,908)
| Total Liabilities |  | $ | (8,908) |  | $ | - |  | $ | - |  | $ | (8,908)
|  |  |  |  |  | Prices in |  |  |  |  |  |
|  |  |  |  |  | Active |  | Significant |  |  |
|  |  |  |  |  | Markets for |  | Other |  | Significant
|  |  |  |  |  | Identical |  | Observable |  | Unobservable
|  |  | February 3, 2018 |  | Assets |  | Inputs |  | Inputs
| Description |  |  | Level 1 |  | Level 2 |  | Level 3
| Assets: |  |  |  |  |  |
| State/Municipal Bonds |  | $ | 95,983 |  | $ | - |  | $ | 95,983 |  | $ | -
| Corporate Bonds |  |  | 22,535 |  |  | - |  |  | 22,535 |  |  | -
| U.S. Treasury/Agencies Notes and Bonds |  |  | 404 |  |  | 404 |  |  | - |  |  | -
| Cash Surrender Value of Life Insurance |  |  | 8,900 |  |  | - |  |  | - |  |  | 8,900
| Asset-backed Securities (ABS) |  |  | 318 |  |  | - |  |  | 318 |  |  | -
| Corporate Equities |  |  | 798 |  |  | 798 |  |  | - |  |  | -
| Certificates of Deposit |  |  | 100 |  |  | 100 |  |  | - |  |  | -
| Total Assets |  | $ | 129,038 |  | $ | 1,302 |  | $ | 118,836 |  | $ | 8,900
| Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
| Deferred Compensation |  |  | (8,951) |  |  | - |  |  | - |  |  | (8,951)
| Total Liabilities |  | $ | (8,951) |  | $ | - |  | $ | - |  | $ | (8,951)
The Company’s investment portfolio was primarily i nvested in corporate bonds and tax-exempt and taxable governmental debt securities held in managed accounts with underlying ratings of A or better at February 2, 2019. The state, municipal and corporate bonds and asset-backed securities have contractual maturities which range from 1 month to 28.4 years. The U.S. Treasury Notes and Certificates of Deposit have contractual maturities which range from 1 month to 1 month. These securities are classified as available-for-sale and are recorded as Short-term investments, Restricted cash and short-term investments and Other asse ts on the accompanying Consolidated Balance Sheets. These assets are carried at fair valu e with unrealized gains and losses reported net of taxes in Accumulated other comprehensive income. The asset-backed securities are bonds comprised of auto loans and bank credit cards that carry AAA ratings. The auto loan asset-backed securities are backed by static pools of auto loans that were originated and serviced by captive auto finance units, banks or finance companies. The bank credit card asset-backed securities are backed by revolving pools of credit card receivables generated by account holders of cards from American Express, Citibank, JPMorgan Chase, Capital One, and Discover. Additionally, at February 2, 2019, the Company had $0.7 million of corporate equities, which are recorded within Other assets in the Consolidated Balan ce Sheets. At February 3, 2018, the Company had $0.8 million of corporate equities, which are recorded within Other assets in the Consolidated Balance Sheets. Level 1 category securities are measured at fair value using quoted active market prices. Level 2 investment securities include corporate and municipal bonds for which quoted prices may not be available on active exchanges for identical instruments. Their fair value is principally based on market values determined by management with assistance of a third-party pricing service. Since quoted prices in active markets for identical assets are not available, these prices are determined by the pricing service using observable market information such as quotes from less active markets and/or quoted prices of securities with similar characteristics, among other factors. Deferred compensation plan assets consist primarily of life insurance policies. These life insurance policies are valued based on the cash surrender value of the insura nce contract, which is determined based on such factors as the fair value of the underlying assets and discounted cash flow and a re therefore classified within L evel 3 o f the valuation hierarchy. The L evel 3 liability associated with the life insurance pol icies represents a deferred compensation obligation, the value of which is tracked via underlying insurance funds’ net asset values, as recorded in Other noncurrent liabilities in the Consolidated Balance Sheets. These funds are designed to mirror the retu rn of existing mutual funds and money market funds that are observable and actively traded. The following tables summarize the change in fair value of the Company’s financial assets and liabilities measured using Level 3 inputs as of February 2, 2019 and February 3, 2018 (in thousands):
|  | Fair Value Measurements Using Significant |
|  | Unobservable Asset Inputs (Level 3) |
|  | Other |  |  |
|  | Investments |  | Cash |
|  | Private Equity |  | Surrender Value |
| Beginning Balance at February 3, 2018 | $ | - |  | $ | 8,900 |
| Additions |  | - |  |  | 596 |
| Total gains or (losses) |  |  |  |  |  |
| Included in interest and other income (or changes in net assets) |  | - |  |  | (403) |
| Ending Balance at February 2, 2019 | $ | - |  | $ | 9,093 |
|  | Fair Value |  |  |
|  | Measurements Using |  |  |
|  | Significant Unobservable |  |  |
|  | Liability Inputs (Level 3) |  |  |
|  | Deferred |  |  |  |
|  | Compensation |  |  |  |
| Beginning Balance at February 3, 2018 | $ | (8,951) |  |  |  |
| Additions |  | (105) |  |  |  |
| Total (gains) or losses |  |  |  |  |  |
| Included in interest and other income (or changes in net assets) |  | 148 |  |  |  |
| Ending Balance at February 2, 2019 | $ | (8,908) |  |  |  |
|  | Fair Value Measurements Using Significant |
|  | Unobservable Asset Inputs (Level 3) |
|  | Other |  |  |  |
|  | Investments |  | Cash |
|  | Private Equity |  | Surrender Value |
| Beginning Balance at January 28, 2017 | $ | - |  | $ | 7,973 |
| Additions |  | - |  |  | 307 |
| Total gains or (losses) |  |  |  |  |  |
| Included in interest and other income (or changes in net assets) |  | - |  |  | 620 |
| Ending Balance at February 3, 2018 | $ | - |  | $ | 8,900 |
|  | Fair Value |  |  |
|  | Measurements Using |  |  |
|  | Significant Unobservable |  |  |
|  | Liability Inputs (Level 3) |  |  |
|  | Deferred |  |  |  |
|  | Compensation |  |  |  |
| Beginning Balance at January 28, 2017 | $ | (7,649) |  |  |  |
| Additions |  | (443) |  |  |  |
| Total (gains) or losses |  |  |  |  |  |
| Included in interest and other income (or changes in net assets) |  | (859) |  |  |  |
| Ending Balance at February 3, 2018 | $ | (8,951) |  |  |  |

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- Definition The entire disclosure for derivatives and fair value of assets and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -URI http://asc.fasb.org/topic&trid=2155941 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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