Marketable Securities

6 Months Ended

Aug. 03, 2019

Investments, Debt and Equity Securities [Abstract]

Marketable securities as of August 3, 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 August 3, 2019, February 2, 2019 and August 4, 2018 (in thousands):



	August 3, 2019
	Cost or Amortized Cost		Gross Unrealized Holding Gains		Estimated Fair Value
Commercial paper	$	49,411	$	325	$	49,736
Fixed income securities	12,677		—		12,677
	$	62,088	$	325	$	62,413

	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

	August 4, 2018
	Cost or Amortized Cost		Gross Unrealized Holding Gains		Estimated Fair Value
Commercial paper	$	54,389	$	118	$	54,507
Fixed income securities	24,081		—		24,081
	$	78,470	$	118	$	78,588

We recognized gains on investments for commercial paper that matured during the thirteen and twenty-six week periods ended August 3, 2019 and August 4, 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):



	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	August 3, 2019		August 4, 2018		August 3, 2019		August 4, 2018
Gains on investments	$	211	$	240	$	598	$	435