Investments

Cash and cash equivalents includes investments in money market funds that are valued based on the net asset value of the funds. The cash equivalents consist primarily of money market funds that are Level 1 measurements. There were no investments in these funds for the fiscal year ended January 28, 2018 and $16.9 million for the fiscal year ended January 29, 2017.

The following table summarizes the Company’s available-for-sale securities:



	January 28, 2018						January 29, 2017
(in thousands)	Market Value		Adjusted Cost		Gross Unrealized Gain		Market Value		Adjusted Cost		Gross Unrealized Gain
Convertible debt	$	1,960	$	1,960	$	—	$	1,425	$	1,425	$	—
Total other assets	$	1,960	$	1,960	$	—	$	1,425	$	1,425	$	—

The following table summarizes the maturities of the Company’s available-for-sale securities:



	January 28, 2018				January 29, 2017
(in thousands)	Market Value		Adjusted Cost		Market Value		Adjusted Cost
Within 1 year	$	1,960	$	1,960	$	1,425	$	1,425
After 1 year through 5 years	—		—		—		—
Total investments	$	1,960	$	1,960	$	1,425	$	1,425

The Company's available-for-sales securities consisted of an investment in a convertible debt instrument issued by a privately-held company and is included in "Other current assets" within the Balance Sheets. In fiscal year 2018, the Company issued a new $2.0 million convertible debt instrument, and in the third quarter of fiscal year 2018, the Company received cash to fully settle the previously-issued convertible debt instrument.

The Company currently has a $28.0 million investment in a private entity, which includes $5.0 million of restricted deposit that is accounted for at cost, and included in "Other assets" within the Balance Sheets. As part of its investment, the Company received a call option that allows the Company to purchase all of the outstanding equity of the entity. The call option, which was out of the money at inception, is exercisable until June 30, 2018.