Fair Value Measurements (Tables)

12 Months Ended

Feb. 02, 2013

Fair Value Hierarchy for Financial Assets (Cash Equivalents and Investments) Measured at Fair Value on a Recurring Basis

In accordance with ASC 820, the following tables represent the fair value hierarchy for the Company’s financial assets (cash equivalents and investments) measured at fair value on a recurring basis as of February 2, 2013 and January 28, 2012:

	Fair Value Measurements at February 2, 2013
(In thousands)	Carrying Amount		Quoted Market Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash and cash equivalents
Cash	$	257,191	$	257,191	$	—	$	—
Money-market		221,929		221,929		—		—
Commercial paper		29,999		29,999		—		—
Total cash and cash equivalents	$	509,119	$	509,119	$	—	$	—
Short-term investments
Treasury bills	$	109,305	$	109,305	$	—	$	—
Term-deposits		12,568		12,568		—		—
Total short-term investments	$	121,873	$	121,873	$	—	$	—
Total	$	630,992	$	630,992	$	—	$	—

	Fair Value Measurements at January 28, 2012
(In thousands)	Carrying Amount		Quoted Market Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash and cash equivalents
Cash	$	548,728	$	548,728	$	—	$	—
Money-market		131,785		131,785		—		—
Commercial paper		29,998		29,998		—		—
Treasury bills		9,034		9,034		—		—
Total cash and cash equivalents	$	719,545	$	719,545	$	—	$	—
Short-term investments
Treasury bills	$	19,999	$	19,999	$	—	$	—
State and local government ARS		5,500		—		—		5,500
Total short-term investments	$	25,499	$	19,999	$	—	$	5,500
Long-term investments
ARS Call Option	$	847	$	—	$	—	$	847
Total long-term investments	$	847	$	—	$	—	$	847
Total	$	745,891	$	739,544	$	—	$	6,347

Reconciliation of Assets Measured at Fair Value on Recurring Basis Using Unobservable Inputs (Level 3)

The reconciliation of our assets measured at fair value on a recurring basis using unobservable inputs (Level 3) is as follows:

	Level 3 (Unobservable inputs)
(In thousands)	Total			Auction- Rate Municipal Securities			ARS Call Option
Balance at January 29, 2011	$	9,615		$	9,200		$	415
Settlements		(3,700	)		(3,700	)
Gains:
Reported in earnings		432						432
Balance at January 28, 2012	$	6,347		$	5,500		$	847
Settlements		(6,043	)		(5,500	)		(543	)
Losses:
Reported in earnings		(304	)		—			(304	)
Balance at February 2, 2013	$	—		$	—		$	—