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Fair Value Disclosures
3 Months Ended
Apr. 29, 2017
Fair Value Disclosures [Abstract]  
Fair Value Disclosures
Fair Value Disclosures
 
The estimated fair values of financial instruments 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 or dealer quotes.
 
The fair value of the Company’s cash and cash equivalents and accounts receivable approximates their carrying values at April 29, 2017 due to the short-term maturities of these instruments.  The fair value of the Company’s long-term debt at April 29, 2017 was approximately $683 million.  The carrying value of the Company’s long-term debt at April 29, 2017 was $613.4 million.  The fair value of the Company’s subordinated debentures at April 29, 2017 was approximately $205 million.  The carrying value of the Company’s subordinated debentures at April 29, 2017 was $200.0 million.