Rabbi Trust Assets (Notes)

3 Months Ended

May 02, 2020

Investments, Debt and Equity Securities [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

As a precautionary measure and to preserve liquidity in light of the circumstances surrounding COVID-19, during the thirteen weeks ended May 2, 2020, the Company withdrew the majority of excess funds from the overfunded Rabbi Trust assets, providing the Company with $50.0 million of additional cash.

Investments of Rabbi Trust assets consisted of the following as of May 2, 2020 and February 1, 2020:

(in thousands)	May 2, 2020		February 1, 2020
Trust-owned life insurance policies (at cash surrender value)	$	59,638	$	109,048
Money market funds	1		1
Rabbi Trust assets	$	59,639	$	109,049

Realized gains resulting from the change in cash surrender value of the Rabbi Trust assets for the thirteen weeks ended May 2, 2020 and May 4, 2019 were as follows:

	Thirteen Weeks Ended
(in thousands)	May 2, 2020		May 4, 2019
Realized gains related to Rabbi Trust assets	$	590	$	791