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Fair Value (Tables)

3 Months Ended

Apr. 28, 2012

Company's assets and liabilities measured at fair value

		Assets and Liabilities at Fair Value as of April 28, 2012
		(in thousands)
			Level 1		Level 2		Level 3		Total
ASSETS:
	ARS - available-for-sale - student loan backed	$	-	$	-	$	22,289	$	22,289
	ARS - available-for-sale - municipal authority bonds		-		-		15,613		15,613
	Derivative financial instruments		-		5,597		-		5,597
Total assets measured at fair value		$	-	$	5,597	$	37,902	$	43,499
LIABILITIES:
	Derivative financial instruments		-		2,632		-		2,632
Total liabilities measured at fair value		$	-	$	2,632	$	-	$	2,632

Fair value assets measured on recurring basis unobservable input reconciliation

(in thousands)		Available-for-sale ARS - Student Loans		Available-for-sale ARS - Muni Bonds		Total
Fair value, January 28, 2012	$	84,650	$	14,858	$	99,508
Redemptions / Settlements		(62,431)		-		(62,431)
Gains and (losses), net:
Reported in Net Income		70		755		825
Fair value, April 28, 2012	$	22,289	$	15,613	$	37,902

Fair Value Inputs Assets Quantitative Information [Table Text Block]


Quantitative information about Level 3 fair value measurements (in thousands)
		Fair Value at April 28, 2012	Valuation Technique	Unobservable Inputs	Range (weighted average)

Student loan				Periodic coupon rate	0.27% - 4.31%
ARS	$	22,289	Discounted cash flow	Market rate of return	0.24% - 1.85%
				Expected term	6.6 - 19.6

Muncipal authority				Periodic coupon rate	0.37% - 5.00%
ARS	$	15,613	Discounted cash flow	Market rate of return	0.02% - 3.87%
				Expected term	22.0 - 27.5

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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