Cash and Cash Equivalents and Short-term Investments

3 Months Ended

May 03, 2014

Cash and Cash Equivalents and Short-term Investments

3. Cash and Cash Equivalents and Short-term Investments

The following table summarizes the fair market values for the Company’s cash and marketable securities, which are recorded on the Consolidated Balance Sheets:

(In thousands)	May 3, 2014		February 1, 2014		May 4, 2013
Cash and cash equivalents:
Cash	$	217,117	$	330,013	$	302,188
Money-market		88,535		25,696		54,954
Treasury bills		22,047		63,224		6,033
Commercial paper		—		—		20,000
Total cash and cash equivalents	$	327,699	$	418,933	$	383,175
Short-term investments:
Treasury bills	$	—	$	10,002	$	103,144
Term-deposits		—		—		9,897
Total short-term investments	$	—	$	10,002	$	113,041
Total	$	327,699	$	428,935	$	496,216

Proceeds from the sale of investments were $10.0 million and $23.8 million for the 13 weeks ended May 3, 2014 and May 4, 2013, respectively. There were no purchases of investments for the 13 weeks ended May 3, 2014. The purchase of investments was $15.2 million for the 13 weeks ended May 4, 2013.

There were no unrecognized gains or losses for the Company’s available-for-sale securities for the 13 weeks ended May 3, 2014 or May 4, 2013.