FAIR VALUE OF FINANCIAL INSTRUMENTS

12 Months Ended

Feb. 02, 2013

FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

NOTE 12.   FAIR VALUE OF FINANCIAL INSTRUMENTS

ASC Topic 820, Fair Value Measurement, establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value.  The three levels of inputs used to measure fair value are as follows:

· Level I – Quoted prices in active markets for identical assets or liabilities.

· Level II – Observable inputs other than quoted prices included in Level I.

· Level III – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The table below segregates all financial assets and liabilities that are measured at fair value on a recurring basis (at least annually) into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value (in thousands):

	February 2, 2013						January 28, 2012
	Level I		Level II		Level III		Level I		Level II		Level III
Short-term investments	$	-	$	-	$	-	$	-	$	-	$	-
Long-term investments		1,912		-		-		1,382		-		-
Total investments	$	1,912	$	-	$	-	$	1,382	$	-	$	-

Long-term investments are reported in other assets in our consolidated balance sheets.