| Summary of Estimated Fair Value of 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 |
|
|
| Summary of Gross Unrealized Holding Losses and Fair Value for Investments in an Unrealized Loss Position |
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 |
) |
|