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Fair Value (Tables)
3 Months Ended
Apr. 30, 2022
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 measured at fair value on a recurring basis, as of April 30, 2022 and January 29, 2022, were as follows:
Assets at Fair Value as of April 30, 2022
(in thousands)Level 1Level 2Level 3Total
Assets:
Cash equivalents (1)
$25,314 $9,900 $— $35,214 
Derivative instruments (2)
— 6,958 — 6,958 
Rabbi Trust assets (3)
62,626 — 62,627 
Restricted cash equivalents (1)
4,586 2,307 — 6,893 
Total assets$29,901 $81,791 $— $111,692 
 
Assets at Fair Value as of January 29, 2022
(in thousands)Level 1Level 2Level 3Total
Assets:
Cash equivalents (1)
$49,309 $11,643 $— $60,952 
Derivative instruments (2)
— 4,973 — 4,973 
Rabbi Trust assets (3)
62,272 — 62,273 
Restricted cash equivalents (1)
5,391 2,326 — 7,717 
Total assets$54,701 $81,214 $— $135,915 

(1)    Level 1 assets consisted of investments in money market funds and U.S. treasury bills. Level 2 assets consisted of time deposits.
(2)    Level 2 assets consisted primarily of foreign currency exchange forward contracts.
(3)    Level 1 assets consisted of investments in money market funds. Level 2 assets consisted of trust-owned life insurance policies.
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)April 30, 2022January 29, 2022
Gross borrowings outstanding, carrying amount$307,730 $307,730 
Gross borrowings outstanding, fair value323,501 327,732