Cash, Cash Equivalents and Marketable Securities |
3. Cash, Cash Equivalents and Marketable Securities
The following tables summarize the estimated fair value of our cash, cash equivalents and marketable securities and the gross unrealized holding gains and losses (in thousands):
|
|
October 29, 2022 |
|
|
|
Amortized
Cost |
|
|
Gross
Unrealized
Holding
Gains |
|
|
Gross
Unrealized
Holding
Losses |
|
|
Estimated
Fair Value |
|
Cash and cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
$ |
43,607 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
43,607 |
|
Money market funds |
|
|
5,729 |
|
|
|
— |
|
|
|
— |
|
|
|
5,729 |
|
Total cash and cash equivalents |
|
|
49,336 |
|
|
|
— |
|
|
|
— |
|
|
|
49,336 |
|
Marketable securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. treasury and government agency securities |
|
|
22,020 |
|
|
|
— |
|
|
|
(3,745 |
) |
|
|
18,275 |
|
Corporate debt securities |
|
|
61,538 |
|
|
|
— |
|
|
|
(3,775 |
) |
|
|
57,763 |
|
State and local government securities |
|
|
16,498 |
|
|
|
— |
|
|
|
(760 |
) |
|
|
15,738 |
|
Total marketable securities |
|
$ |
100,056 |
|
|
$ |
— |
|
|
$ |
(8,280 |
) |
|
$ |
91,776 |
|
|
|
January 29, 2022 |
|
|
|
Amortized
Cost |
|
|
Gross
Unrealized
Holding
Gains |
|
|
Gross
Unrealized
Holding
Losses |
|
|
Estimated
Fair Value |
|
Cash and cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
$ |
99,333 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
99,333 |
|
Money market funds |
|
|
17,890 |
|
|
|
— |
|
|
|
— |
|
|
|
17,890 |
|
Total cash and cash equivalents |
|
|
117,223 |
|
|
|
— |
|
|
|
— |
|
|
|
117,223 |
|
Marketable securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. treasury and government agency securities |
|
|
29,218 |
|
|
|
33 |
|
|
|
(819 |
) |
|
|
28,432 |
|
Corporate debt securities |
|
|
123,611 |
|
|
|
436 |
|
|
|
(851 |
) |
|
|
123,196 |
|
State and local government securities |
|
|
25,722 |
|
|
|
62 |
|
|
|
(152 |
) |
|
|
25,632 |
|
Total marketable securities |
|
$ |
178,551 |
|
|
$ |
531 |
|
|
$ |
(1,822 |
) |
|
$ |
177,260 |
|
All of our marketable securities have an effective maturity date of five years or less and may be liquidated, at our discretion, prior to maturity.
The following tables summarize the gross unrealized holding losses and fair value for investments in an unrealized loss position, and the length of time that individual securities have been in a continuous loss position (in thousands):
|
|
October 29, 2022 |
|
|
|
Less Than 12 Months |
|
|
12 Months or Greater |
|
|
Total |
|
|
|
Fair Value |
|
|
Unrealized
Losses |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
Marketable securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. treasury and government agency securities |
|
$ |
9,011 |
|
|
$ |
(1,809 |
) |
|
$ |
9,264 |
|
|
$ |
(1,936 |
) |
|
$ |
18,275 |
|
|
$ |
(3,745 |
) |
Corporate debt securities |
|
|
24,836 |
|
|
|
(1,502 |
) |
|
|
32,927 |
|
|
|
(2,273 |
) |
|
|
57,763 |
|
|
|
(3,775 |
) |
State and local government securities |
|
|
13,018 |
|
|
|
(606 |
) |
|
|
2,720 |
|
|
|
(154 |
) |
|
|
15,738 |
|
|
|
(760 |
) |
Total marketable securities |
|
$ |
46,865 |
|
|
$ |
(3,917 |
) |
|
$ |
44,911 |
|
|
$ |
(4,363 |
) |
|
$ |
91,776 |
|
|
$ |
(8,280 |
) |
|
|
January 29, 2022 |
|
|
|
Less Than 12 Months |
|
|
12 Months or Greater |
|
|
Total |
|
|
|
Fair Value |
|
|
Unrealized
Losses |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
Marketable securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. treasury and government agency securities |
|
$ |
20,683 |
|
|
$ |
(785 |
) |
|
$ |
1,622 |
|
|
$ |
(34 |
) |
|
$ |
22,305 |
|
|
$ |
(819 |
) |
Corporate debt securities |
|
|
63,887 |
|
|
|
(849 |
) |
|
|
69 |
|
|
|
(2 |
) |
|
|
63,956 |
|
|
|
(851 |
) |
State and local government securities |
|
|
15,639 |
|
|
|
(152 |
) |
|
|
— |
|
|
|
— |
|
|
|
15,639 |
|
|
|
(152 |
) |
Total marketable securities |
|
$ |
100,209 |
|
|
$ |
(1,786 |
) |
|
$ |
1,691 |
|
|
$ |
(36 |
) |
|
$ |
101,900 |
|
|
$ |
(1,822 |
) |
|