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Fair Value (Tables)
3 Months Ended
Aug. 01, 2021
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured at Fair Value on a Recurring Basis

The following tables present information about assets measured at fair value on a recurring basis:

 

 

 

Fair value measurements as of August 1, 2021, using:

 

 

 

Quoted prices

 

 

Significant

 

 

 

 

 

 

 

 

in active

 

 

other

 

Significant

 

 

 

 

 

 

markets for

 

 

observable

 

unobservable

 

 

 

 

 

 

identical assets

 

 

inputs

 

inputs

 

 

 

 

(amounts in thousands)

 

Level 1

 

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government Money Market Fund

 

$

8,205

 

 

N/A

 

N/A

 

$

8,205

 

Bond Mutual Funds

 

 

4,656

 

 

N/A

 

N/A

 

 

4,656

 

Inflation Protected Bond Mutual Funds

 

 

2,979

 

 

N/A

 

N/A

 

 

2,979

 

Mortgage Securities Mutual Funds

 

 

1,124

 

 

N/A

 

N/A

 

 

1,124

 

Large Cap Equity Mutual Funds

 

 

708

 

 

N/A

 

N/A

 

 

708

 

Growth Allocation Mutual Funds

 

 

419

 

 

N/A

 

N/A

 

 

419

 

U.S. Event Driven Equity Mutual Fund

 

 

194

 

 

N/A

 

N/A

 

 

194

 

Moderate Allocation Mutual Fund

 

 

91

 

 

N/A

 

N/A

 

 

91

 

Other

 

 

163

 

 

N/A

 

N/A

 

 

163

 

 

 

 

Fair value measurements as of August 2, 2020, using:

 

 

 

Quoted prices

 

 

Significant

 

 

 

 

 

 

 

 

in active

 

 

other

 

Significant

 

 

 

 

 

 

markets for

 

 

observable

 

unobservable

 

 

 

 

 

 

identical assets

 

 

inputs

 

inputs

 

 

 

 

(amounts in thousands)

 

Level 1

 

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Premier Money Market Fund

 

$

7,533

 

 

N/A

 

N/A

 

$

7,533

 

Bond Mutual Funds

 

 

983

 

 

N/A

 

N/A

 

 

983

 

Growth Allocation Mutual Funds

 

 

246

 

 

N/A

 

N/A

 

 

246

 

Moderate Allocation Mutual Fund

 

 

71

 

 

N/A

 

N/A

 

 

71

 

Other

 

 

66

 

 

N/A

 

N/A

 

 

66

 

 

 

 

Fair value measurements as of May 2, 2021, using:

 

 

 

Quoted prices

 

 

Significant

 

 

 

 

 

 

 

 

in active

 

 

other

 

Significant

 

 

 

 

 

 

markets for

 

 

observable

 

unobservable

 

 

 

 

 

 

identical assets

 

 

inputs

 

inputs

 

 

 

 

(amounts in thousands)

 

Level 1

 

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Premier Money Market Fund

 

$

7,879

 

 

N/A

 

N/A

 

$

7,879

 

Bond Mutual Funds

 

 

4,101

 

 

N/A

 

N/A

 

 

4,101

 

Inflation Protected Bond Mutual Funds

 

 

722

 

 

N/A

 

N/A

 

 

722

 

Mortgage Securities Mutual Fund

 

 

719

 

 

N/A

 

N/A

 

 

719

 

Growth Allocation Mutual Funds

 

 

339

 

 

N/A

 

N/A

 

 

339

 

Moderate Allocation Mutual Fund

 

 

86

 

 

N/A

 

N/A

 

 

86

 

Other

 

 

111

 

 

N/A

 

N/A

 

 

111

 

Schedule of Assets Measured at Fair Value on a Nonrecurring Basis

During the three-month period ending May 2, 2021, we had assets and liabilities that were required to be measured at fair value on a nonrecurring basis that pertained to assets acquired and certain liabilities that were assumed in connection with the CIH business combination effective February 1, 2021. See Note 3 of the consolidated financial statements for further details regarding this business combination.

 

 

 

 

Fair value measurements as of May 2, 2021, using:

 

 

 

Quoted prices

 

Significant

 

 

 

 

 

 

 

 

 

 

 

in active

 

other

 

 

Significant

 

 

 

 

 

 

 

markets for

 

observable

 

 

unobservable

 

 

 

 

 

 

 

identical assets

 

inputs

 

 

inputs

 

 

 

 

 

(amounts in thousands)

 

Level 1

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Right of use assets

 

N/A

 

 

2,544

 

 

N/A

 

 

$

2,544

 

Equipment and leasehold improvements

 

N/A

 

N/A

 

 

 

846

 

 

 

846

 

Inventory

 

N/A

 

N/A

 

 

31

 

 

31