Marketable Securities

3 Months Ended

May 04, 2019

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Marketable Securities

Marketable securities as of May 4, 2019 consisted of commercial paper, classified as available-for-sale, and fixed income securities, classified as held-to-maturity as we have the intent and ability to hold them to maturity. Our investments in commercial paper and fixed income securities are recorded at fair value and amortized cost, respectively, which approximates fair value. All of our marketable securities are less than one year from maturity.

The following table summarizes our investments in marketable securities at May 4, 2019, February 2, 2019 and May 5, 2018 (in thousands):

	May 4, 2019
	Cost or Amortized Cost		Gross Unrealized Holding Gains		Estimated Fair Value
Commercial paper	$	49,361	$	215	$	49,576
Fixed income securities	26,377		—		26,377
	$	75,738	$	215	$	75,953
	February 2, 2019
	Cost or Amortized Cost		Gross Unrealized Holding Gains		Estimated Fair Value
Commercial paper	$	49,402	$	302	$	49,704
Fixed income securities	26,215		—		26,215
	$	75,617	$	302	$	75,919
	May 5, 2018
	Cost or Amortized Cost		Gross Unrealized Holding Gains		Estimated Fair Value
Commercial paper	$	49,548	$	152	$	49,700
Fixed income securities	14,099		—		14,099
	$	63,647	$	152	$	63,799

We recognized gains on investments for commercial paper that matured during the first quarter endedMay 4, 2019 and May 5, 2018. Upon recognition of the gains, we reclassified these amounts out of Accumulated Other Comprehensive Income and into “Other income, net” on the Consolidated Statements of Income.

The following table summarizes our gains on investments for commercial paper (in thousands):

	Three Months Ended
	May 4, 2019		May 5, 2018
Gains on investments	$	387	$	195