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Cash and Cash Equivalents, Short-term Investments and Long-term Investments (Tables)
 6 Months Ended
Jul. 30, 2011
Fair Market Values for Cash and Marketable Securities

The following table summarizes the fair market values for the Company’s cash and marketable securities, which are recorded as cash and cash equivalents, short-term investments and long-term investments on the Consolidated Balance Sheets:

 

(In thousands)    July 30,
2011		      January 29,
2011		      July 31,
2010		  

Cash and cash equivalents:

         

Cash

    $ 287,753       $ 122,578       $ 186,888   

Money-market

      74,387         397,440         88,411   

Commercial paper

      23,996         40,884         31,499   

Treasury bills

      3,163         102,996         118,725   

Corporate bonds

      —           3,695         —     
  

 

 

     

 

 

     

 

 

  

Total cash and cash equivalents

    $ 389,299       $ 667,593       $ 425,523   

Short-term investments:

         

Treasury bills

    $ 76,262       $ —         $ —     

Corporate bonds

      16,111         —           —     

Term-deposits

      15,427         63,402         —     

Commercial paper

      9,997         —           —     

State and local government ARS

      6,900         3,700         5,800   
  

 

 

     

 

 

     

 

 

  

Total short-term investments

    $ 124,697       $ 67,102       $ 5,800   

Long-term investments:

         

ARS Call Option

    $ 648       $ 415       $ —     

State and local government ARS

      —           5,500         22,200   

Student-loan backed ARS

      —           —           131,163   

Auction rate preferred securities

      —           —           13,354   
  

 

 

     

 

 

     

 

 

  

Total long-term investments

    $ 648       $ 5,915       $ 166,717   
  

 

 

     

 

 

     

 

 

  

Total

    $ 514,644       $ 740,610       $ 598,040   
  

 

 

     

 

 

     

 

 

  
Summary of the Available-for-Sale Securities' Gross Unrealized Losses and Fair Value

The following table presents the length of time available-for-sale securities were in continuous unrealized loss positions but were not deemed to be other-than-temporarily impaired. As of July 30, 2011, the fair value of all ARS investments approximated par, with no gross unrealized holding losses.

 

     Less Than 12 Months      Greater Than or
Equal to 12 Months		  
     Gross Unrealized
Holding Losses		     Fair Value      Gross Unrealized
Holding Losses		     Fair Value  
(In thousands)                          

July 31, 2010

          

Student-loan backed ARS

    $ (805 )    $ 54,959       $ (9,384 )    $ 47,453   

Auction rate preferred securities

      —          —           (706 )      14,294   
  

 

 

    

 

 

     

 

 

    

 

 

  

Total (1)

    $ (805 )    $ 54,959       $ (10,090 )    $ 61,747   
  

 

 

    

 

 

     

 

 

    

 

 

  

 

(1) Fair value excludes $58.0 million as of July 31, 2010 of securities whose fair value approximated par. Additionally, as of July 31, 2010, fair value shown above excludes ($2.2) million of OTTI that has been previously recognized in earnings.