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Fair Value of Financial Instruments (Tables)

9 Months Ended

Feb. 02, 2020

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on a Recurring Basis

The following table presents information about assets measured at fair value on a recurring basis:

Fair value measurements at February 2, 2020 using:

Quoted prices in active markets for identical assets

Significant other observable inputs

Significant unobservable inputs

(amounts in thousands)

Level 1

Level 2

Level 3

Total

Assets:

Premier Money Market Fund

$

6,334

N/A

N/A

$

6,334

Short Term Bond Funds

4,743

N/A

N/A

4,743

Inflation Protected Bond Funds

2,837

N/A

N/A

2,837

Strategic Income Fund

1,001

N/A

N/A

1,001

Growth Allocation Fund

239

N/A

N/A

239

Moderate Allocation Fund

138

N/A

N/A

138

Other

92

N/A

N/A

92

Fair value measurements at January 27, 2019 using:

Quoted prices in active markets for identical assets

Significant other observable inputs

Significant unobservable inputs

(amounts in thousands)

Level 1

Level 2

Level 3

Total

Assets:

Premier Money Market Fund

$

6,433

N/A

N/A

$

6,433

Growth Allocation Fund

184

N/A

N/A

184

Moderate Allocation Fund

119

N/A

N/A

119

Other

98

N/A

N/A

98

Fair value measurements at April 28, 2019 using:

Quoted prices in active markets for identical assets

Significant other observable inputs

Significant unobservable inputs

(amounts in thousands)

Level 1

Level 2

Level 3

Total

Assets:

Premier Money Market Fund

$

6,639

N/A

N/A

$

6,639

Growth Allocation Fund

203

N/A

N/A

203

Moderate Allocation Fund

127

N/A

N/A

127

Other

112

N/A

N/A

112

Schedule of Assets Measured at Fair Value on a Nonrecurring Basis

As of February 2, 2020, we had certain assets and a contingent consideration – earn-out obligation that were required to be measured at fair value on a nonrecurring basis.

Fair value measurements at February 2, 2020 using:

Quoted prices in active markets for identical assets

Significant other observable inputs

Significant unobservable inputs

(amounts in thousands)

Level 1

Level 2

Level 3

Total

Assets:

Goodwill (note 8)

N/A

N/A

$

2,442

$

2,442

Tradename (note 7)

N/A

N/A

4,121

4,121

Liabilities:

Contingent Consideration – Earn-Out Obligation (note 3)

N/A

N/A

$

—

$

—

As of January 27, 2019, we had no assets that were required to be measured at fair value on a nonrecurring basis other than certain assets acquired and liabilities assumed in connection with the eLuxury business combination on June 22, 2018 (see note 3).

Fair value measurements at January 27, 2019 using:

Quoted prices in active markets for identical assets

Significant other observable inputs

Significant unobservable inputs

(amounts in thousands)

Level 1

Level 2

Level 3

Total

Assets:

Goodwill

N/A

N/A

$

13,653

$

13,653

Tradename

N/A

N/A

6,549

6,549

Equipment

N/A

N/A

2,179

2,179

Inventory

N/A

N/A

1,804

1,804

Liabilities:

Contingent Consideration – Earn-Out Obligation

N/A

N/A

$

5,600

$

5,600

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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