v3.26.1
Fair Value Measurements
 3 Months Ended
May 02, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements
Note 11. Fair Value Measurements
Financial assets and liabilities measured at fair value on a recurring basis consisted of the following (in thousands):
May 2,
2026		Quoted Prices
in Active
Markets for
Identical
Items
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Assets:
Money market funds (cash equivalent)$125 $125 $— $— 
Total assets$125 $125 $— $— 
Liabilities:
Unvested restricted cash units liability (current)$405 $405 $— $— 
Deferred compensation plan liability (current)152 — 152 — 
Deferred compensation plan liability (noncurrent)4,065 — 4,065 — 
Total liabilities$4,622 $405 $4,217 $— 
January 31,
2026		Quoted Prices
in Active
Markets for
Identical
Items
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Assets:
Money market funds (cash equivalent)$124 $124 $— $— 
Total assets$124 $124 $— $— 
Liabilities:
Unvested restricted cash units liability (current)$631 $631 $— $— 
Deferred compensation plan liability (current)153 — 153 — 
Deferred compensation plan liability (noncurrent)4,039 — 4,039 — 
Total liabilities$4,823 $631 $4,192 $— 
The deferred compensation plan liability represents the amount that would be earned by participants if the funds were invested in securities traded in active markets. The fair value of the deferred compensation plan liability is determined based on quoted prices of similar assets that are traded in observable markets, or represents the cash withheld by participants prior to any investment activity.
The book value of cash, certain of our other current assets, accounts payable, and certain of our accrued expenses and other current liabilities approximate fair value because of the short maturity and high liquidity of these instruments.
As of May 2, 2026 and January 31, 2026, the fair value of the Amended Term Loan Credit Agreement was approximately $115.3 million and $117.1 million, respectively. The fair value of the Amended Term Loan Credit Agreement is determined using current applicable rates for similar instruments as of each balance sheet date, a Level 2 measurement.
The book value of the ABL Facility approximates fair value because of the variable interest rate of this facility, a Level 2 measurement.