FAIR VALUE MEASUREMENTS

12 Months Ended

Feb. 03, 2018

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 5 — FAIR VALUE MEASUREMENTS

Due to their short-term nature, the Company’s financial instruments, which include cash and cash equivalents, receivables, accounts payable and indebtedness, are a reasonable estimate of their fair value as of February 3, 2018 and January 28, 2017. The fair value of the revolving line of credit is consistent with the carrying amount as repayments are short-term in nature. The fair value of the revolving line of credit and our mortgage loans are estimated using Level 2 inputs based on the Company’s current incremental borrowing rate for comparable borrowing arrangements.

The table below details the fair value and carrying values for the revolving line of credit and mortgage loans as of the following years:

	February 3, 2018				January 28, 2017
(dollars in thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Revolving line of credit	$	153,431	$	153,431	$	114,331	$	114,331
Mortgage loans on land & buildings		1,579		1,684		1,639		1,881
Notes payable		13,000		12,421		13,000		12,740