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Marketable Securities

3 Months Ended

Apr. 29, 2023

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Marketable Securities

Marketable securities as of April 29, 2023 consisted of commercial paper, classified as available-for-sale, and fixed income securities, classified as held-to-maturity, as we have the intent and ability to hold them to maturity. Our investments in commercial paper and fixed income securities are recorded at fair value and amortized cost, respectively, which approximates fair value. All of our marketable securities are less than one year from maturity.

The following table summarizes our investments in marketable securities at April 29, 2023, January 28, 2023 and April 30, 2022 (in thousands):

			April 29, 2023
			Cost or Amortized Cost						Gross Unrealized Holding Gains						Gross Unrealized Holding Losses						Estimated Fair Value
Commercial paper			$	39,266					$	385					$	—					$	39,651
Fixed income securities			10,044						—						—						10,044
Total marketable securities			$	49,310					$	385					$	—					$	49,695
			January 28, 2023
			Cost or Amortized Cost						Gross Unrealized Holding Gains						Gross Unrealized Holding Losses						Estimated Fair Value
Commercial paper			$	29,570					$	180					$	—					$	29,750
Fixed income securities			10,003						—						—						10,003
Total marketable securities			$	39,573					$	180					$	—					$	39,753
			April 30, 2022
			Cost or Amortized Cost						Gross Unrealized Holding Gains						Gross Unrealized Holding Losses						Estimated Fair Value
Commercial paper			$	39,921					$	19					$	(19)					$	39,921
Fixed income securities			11,076						—						—						11,076
Total marketable securities			$	50,997					$	19					$	(19)					$	50,997

We recognized gains on investments for commercial paper that matured during the thirteen week periods ended April 29, 2023 and April 30, 2022. Upon recognition of the gains, we reclassified these amounts out of "Accumulated Other Comprehensive Income" and into “Other income, net” on the Consolidated Statements of Operations.

The following table summarizes our gains on investments for commercial paper (in thousands):

			Thirteen Weeks Ended
			April 29, 2023						April 30, 2022
Gains on investments			$	172					$	25

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- References

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- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-URI https://asc.fasb.org/subtopic&trid=2209399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-URI https://asc.fasb.org/subtopic&trid=2324412

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI https://asc.fasb.org/topic&trid=2196928

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 320
-URI https://asc.fasb.org/subtopic&trid=2176304

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1403
-Paragraph (b)

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