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Fair Value Disclosures
12 Months Ended
Jan. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value Disclosures
Fair Value Disclosures
The estimated fair values of financial instruments which are presented herein have been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required in interpreting market data to develop estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of amounts the Company could realize in a current market exchange.
The fair value of the Company's long-term debt and subordinated debentures is based on market prices.
The fair value of the Company's cash and cash equivalents, restricted cash and trade accounts receivable approximates their carrying values at January 30, 2016 and January 31, 2015 due to the short-term maturities of these instruments. The fair values of the Company's long-term debt at January 30, 2016 and January 31, 2015 were approximately $695 million and $678 million, respectively. The carrying value of the Company's long-term debt at January 30, 2016 and January 31, 2015 was approximately $615 million. The fair value of the subordinated debentures at January 30, 2016 and January 31, 2015 was approximately $204 million and $207 million, respectively. The carrying value of the subordinated debentures at January 30, 2016 and January 31, 2015 was $200 million.
During fiscal 2013, the Company recognized an impairment charge of $5.4 million on certain cost method investments. The Company evaluated all factors and determined that an other-than-temporary impairment charge was necessary. These investments are recorded in other assets on the balance sheet.