Fair Value (Tables)

3 Months Ended

May 05, 2018

Company's Assets and Liabilities Measured at Fair Value

The three levels of the hierarchy and the distribution within it of the Company’s assets and liabilities, which are measured at fair value on a recurring basis, were as follows:



	Assets and Liabilities at Fair Value as of May 5, 2018
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Trust-owned life insurance policies (at cash surrender value)	$	—	$	103,544	$	—	$	103,544
Money market funds	60,367		—		—		60,367
Derivative financial instruments	—		6,078		—		6,078
Total assets	$	60,367	$	109,622	$	—	$	169,989

Liabilities:
Derivative financial instruments	$	—	$	1,166	$	—	$	1,166
Total liabilities	$	—	$	1,166	$	—	$	1,166



	Assets and Liabilities at Fair Value as of February 3, 2018
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Trust-owned life insurance policies (at cash surrender value)	$	—	$	102,784	$	—	$	102,784
Money market funds	330,649		—		—		330,649
Derivative financial instruments	—		37		—		37
Total assets	$	330,649	$	102,821	$	—	$	433,470

Liabilities:
Derivative financial instruments	$	—	$	9,147	$	—	$	9,147
Total liabilities	$	—	$	9,147	$	—	$	9,147

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

The carrying amount and fair value of the Company’s borrowings under the term loan facility were as follows:



(in thousands)	May 5, 2018		February 3, 2018
Gross borrowings outstanding, carrying amount	$	253,250	$	253,250
Gross borrowings outstanding, fair value	$	254,516	$	253,250