Fair Value (Tables)

9 Months Ended

Nov. 02, 2019

Company's Assets and Liabilities Measured at Fair Value

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



	Assets and Liabilities at Fair Value as of November 2, 2019
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents ⁽¹⁾	$	222	$	25,920	$	—	$	26,142
Derivative instruments ⁽²⁾	—		2,478		—		2,478
Rabbi Trust assets ⁽³⁾	1		108,271		—		108,272
Restricted cash equivalents ⁽⁴⁾	9,812		5,511		—		15,323
Total assets	$	10,035	$	142,180	$	—	$	152,215

Liabilities:
Derivative instruments ⁽²⁾	$	—	$	1,767	$	—	$	1,767
Total liabilities	$	—	$	1,767	$	—	$	1,767



	Assets and Liabilities at Fair Value as of February 2, 2019
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents ⁽¹⁾	$	55,558	$	34,440	$	—	$	89,998
Derivative instruments ⁽²⁾	—		2,162		—		2,162
Rabbi Trust assets ⁽³⁾	5		105,877		—		105,882
Restricted cash equivalents ⁽⁴⁾	10,910		4,588		—		15,498
Total assets	$	66,473	$	147,067	$	—	$	213,540

Liabilities:
Derivative instruments ⁽²⁾	$	—	$	332	$	—	$	332
Total liabilities	$	—	$	332	$	—	$	332


⁽¹⁾	Level 1 assets consist of investments in money market funds. Level 2 assets consist of time deposits.


⁽²⁾	Level 2 assets and liabilities consist primarily of foreign currency exchange forward contracts.


⁽³⁾	Level 1 assets consist of investments in money market funds. Level 2 assets consist of trust-owned life insurance policies.

⁽⁴⁾

Level 1 assets consist of investments in U.S. treasury bills and money market funds. Level 2 assets consist of time deposits.

Fair Value Measurement Inputs and 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 gross borrowings under the Company’s term loan credit facility were as follows:



(in thousands)	November 2, 2019		February 2, 2019
Gross borrowings outstanding, carrying amount	$	243,250	$	253,250
Gross borrowings outstanding, fair value	$	243,706	$	252,933