|
As of July 28, 2012, the Company’s investment securities are classified as held-to-maturity since the Company has the intent and ability to hold the investments to maturity. Such securities are carried at amortized cost plus accrued interest and consist of the following (in thousands):
|
|
|
Amortized
Cost |
|
Gross
Unrealized
Gains |
|
Gross
Unrealized
Losses |
|
Fair Market
Value |
|
|
Short-term: |
|
|
|
|
|
|
|
|
|
|
Obligations of states and municipalities (Level 2) |
|
$ |
259 |
|
$ |
1 |
|
$ |
— |
|
$ |
260 |
|
|
Bank certificates of deposit (Level 2) |
|
3,052 |
|
3 |
|
— |
|
3,055 |
|
|
|
|
$ |
3,311 |
|
$ |
4 |
|
$ |
— |
|
$ |
3,315 |
|
|
Long-term: |
|
|
|
|
|
|
|
|
|
|
Obligations of the U. S. Treasury (Level 1) |
|
$ |
4,989 |
|
$ |
56 |
|
$ |
— |
|
$ |
5,045 |
|
|
Obligations of states and municipalities (Level 2) |
|
1,511 |
|
12 |
|
— |
|
1,523 |
|
|
Bank certificates of deposit (Level 2) |
|
9,897 |
|
4 |
|
— |
|
9,901 |
|
|
|
|
$ |
16,397 |
|
$ |
72 |
|
$ |
— |
|
$ |
16,469 |
|
As of January 28, 2012, the Company’s investment securities were classified as held-to-maturity and consisted of the following (in thousands):
|
|
|
Amortized
Cost |
|
Gross
Unrealized
Gains |
|
Gross
Unrealized
Losses |
|
Fair
Market
Value |
|
|
Short-term: |
|
|
|
|
|
|
|
|
|
|
Bank certificates of deposit (Level 2) |
|
$ |
902 |
|
$ |
1 |
|
$ |
— |
|
$ |
903 |
|
|
Long-term: |
|
|
|
|
|
|
|
|
|
|
Obligations of the U. S. Treasury (Level 1) |
|
$ |
4,986 |
|
$ |
77 |
|
$ |
— |
|
$ |
5,063 |
|
|
Obligations of states and municipalities (Level 2) |
|
1,809 |
|
19 |
|
— |
|
1,828 |
|
|
Bank certificates of deposit (Level 2) |
|
12,045 |
|
— |
|
1 |
|
12,044 |
|
|
|
|
$ |
18,840 |
|
$ |
96 |
|
$ |
1 |
|
$ |
18,935 |
|
|