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Fair Value (Tables)
3 Months Ended
May 01, 2021
Fair Value Disclosures [Abstract]  
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 were measured at fair value on a recurring basis, as of May 1, 2021 and January 30, 2021 were as follows:
Assets at Fair Value as of May 1, 2021
(in thousands)Level 1Level 2Level 3Total
Assets:
Cash equivalents (1)
$124,293 $11,586 $— $135,879 
Derivative instruments (2)
— 906 — 906 
Rabbi Trust assets (3)
61,162 — 61,163 
Restricted cash equivalents (4)
5,843 4,814 — 10,657 
Total assets$130,137 $78,468 $— $208,605 
Liabilities:
Derivative instruments (2)
$— $2,518 $— $2,518 
Total liabilities$— $2,518 $— $2,518 
 Assets and Liabilities at Fair Value as of January 30, 2021
(in thousands)Level 1Level 2Level 3Total
Assets:
Cash equivalents (1)
$296,279 $11,589 $— $307,868 
Derivative instruments (2)
— 79 — 79 
Rabbi Trust assets (3)
60,789 — 60,790 
Restricted cash equivalents (4)
2,943 7,775 — 10,718 
Total assets$299,223 $80,232 $— $379,455 
Liabilities:
Derivative instruments (2)
$— $4,694 $— $4,694 
Total liabilities$— $4,694 $— $4,694 

(1)    Level 1 assets consisted of investments in money market funds. Level 2 assets consist of time deposits.
(2)    Level 2 assets and liabilities consisted primarily of foreign currency exchange forward contracts.
(3)    Level 1 assets consisted of investments in money market funds. Level 2 assets consist of trust-owned life insurance policies.
(4)    Level 1 assets consisted of investments in 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 the Company’s long-term gross borrowings were as follows:
(in thousands)May 1, 2021January 30, 2021
Gross borrowings outstanding, carrying amount$350,000 $350,000 
Gross borrowings outstanding, fair value$388,063 $389,813