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Investments
 12 Months Ended
Jan. 30, 2016
Investments [Abstract]  
Investments

NOTE 2 — Investments

 

Investments as of January 30, 2016 consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Amortized Cost

    

Unrealized Gains

    

Unrealized Losses

    

Estimated Fair Value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 
2,810

 

 
1

 

 
(1)

 

 
2,810

 

Municipal bonds

 

 
205

 

 

 —

 

 

 —

 

 
205

 

Total short-term investments

 

 
3,015

 

 
1

 

 
(1)

 

 
3,015

 

Total investments

 

$
3,015

 

$
1

 

$
(1)

 

$
3,015

 

 

Investments as of January 31, 2015, consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Amortized Cost

    

Unrealized Gains

    

Unrealized Losses

    

Estimated Fair Value

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

$
4,080

 

$

 —

 

$
(2)

 

$
4,078

Commercial paper

 

 
7,384

 

 
3

 

 
(3)

 

 
7,384

Corporate bonds

 

 
1,615

 

 
1

 

 

 —

 

 
1,616

Municipal bonds

 

 
214

 

 
1

 

 

 —

 

 
215

Total short-term investments

 

 
13,293

 

 
5

 

 
(5)

 

 
13,293

Long-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 
2,857

 

 

 —

 

 
(4)

 

 
2,853

U.S. Agency securities

 

 
1,900

 

 

 —

 

 
(1)

 

 
1,899

Total long-term investments

 

 
4,757

 

 

 —

 

 
(5)

 

 
4,752

Total investments

 

$
18,050

 

$
5

 

$
(10)

 

$
18,045

 

The securities above were classified as available-for-sale as the Company did not enter into these investments for speculative purposes or intend to actively buy and sell the securities in order to generate profits on differences in price. The Company's primary investment objective is preservation of principal. During fiscal 2015, there were no purchases of available-for-sale securities, and maturities of available-for-sale securities were approximately $15.0 million. During fiscal 2014, there were approximately $18.5 million in purchases of available-for-sale securities and maturities of available-for-sale securities were approximately $16.5 million. There were no other-than-temporary impairments of available-for-sale securities during fiscal 2015 and fiscal 2014. See Note 12 - Fair Value Measurements, for fair value disclosures relating to the Company's investments.

 

The following table summarizes the remaining contractual maturities of the Company’s available-for-sale securities (in thousands):

 

 

 

 

 

 

 

January 30, 2016

Due in one year or less

    

$
3,015

Due after one year through five years

 

 

 —

Total investments

 

$
3,015