ASC Topic 820 establishes a fair value hierarchy that distinguishes between assumptions based on market data (observable inputs) and the company’s assumptions (unobservable inputs). Determining where an asset or liability falls within that hierarchy depends on the lowest level input that is significant to the fair value measurement as a whole. An adjustment to the pricing method used within either Level 1 or Level 2 inputs could generate a fair value measurement that effectively falls to a lower level in the hierarchy.

Level 1 – Quoted market prices in active markets for identical assets or liabilities;

Level 2 – Inputs other than Level 1 inputs that are either directly or indirectly observable; and

Level 3 – Unobservable inputs developed using the company’s estimates and assumptions, which reflect those that market participants would use.

The determination of where an asset or liability falls in the hierarchy requires significant judgment. We evaluate our hierarchy disclosures each quarter based on various factors, and it is possible that an asset or liability may be classified differently from reporting period to reporting period. However, we expect that changes in classifications between different levels will be rare.

The following tables present information about assets measured at fair value on a recurring basis:

          
         Fair value measurements as of August 2, 2026, using:

          
         Quoted prices

         Significant

          
         in active

         other

         Significant

          
         markets for

         observable

         unobservable

          
         identical assets

         inputs

         inputs

         (amounts in thousands)

         Level 1

         Level 2

         Level 3

         Total

         Assets:

U.S. Government Money Market Fund

4,139

N/A

N/A

4,139

Growth Allocation Mutual Funds

1,001

N/A

N/A

1,001

S&P 500 Index Fund

470

N/A

N/A

470

Lord Abbet Bond Debenture Fund

404

N/A

N/A

404

Other

267

N/A

N/A

267

          
         Fair value measurements as of August 3, 2025, using:

          
         Quoted prices

         Significant

          
         in active

         other

         Significant

          
         markets for

         observable

         unobservable

          
         identical assets

         inputs

         inputs

         (amounts in thousands)

         Level 1

         Level 2

         Level 3

         Total

         Assets:

U.S. Government Money Market Fund

5,568

N/A

N/A

5,568

Growth Allocation Mutual Funds

894

N/A

N/A

894

S&P 500 Index Fund

340

N/A

N/A

340

Lord Abbet Bond Debenture Fund

13

N/A

N/A

13

Other

295

N/A

N/A

295

          
         Fair value measurements as of May 3, 2026, using:

          
         Quoted prices

         Significant

          
         in active

         other

         Significant

          
         markets for

         observable

         unobservable

          
         identical assets

         inputs

         inputs

         (amounts in thousands)

         Level 1

         Level 2

         Level 3

         Total

         Assets:

U.S. Government Money Market Fund

4,352

N/A

N/A

4,352

Growth Allocation Mutual Funds

991

N/A

N/A

991

S&P 500 Index Fund

443

N/A

N/A

443

Lord Abbet Bond Debenture Fund

397

N/A

N/A

397

Other

285

N/A

N/A

285

We have a rabbi trust to set aside funds for participants in our deferred compensation plan (the “Plan”) that enables participants to credit their contributions to various investment options under the Plan. The investments associated with the rabbi trust consist of a money market fund and various mutual funds that are classified as available-for-sale.

As of August 2, 2026, our rabbi trust investments totaled $6.3 million, of which $1.5 million and $4.8 million were classified as short-term and long-term, respectively. As of August 3, 2025, our rabbi trust investments totaled $7.1 million, of which $1.4 million and $5.7 million were classified as short-term and long-term, respectively. As of May 3, 2026, our rabbi trust investments totaled $6.5 million, of which $1.5 million and $5.0 million were classified as short-term and long-term, respectively. As of August 2, 2026, August 3, 2025, and May 3, 2026, these investments had accumulated unrealized gains of $345,000, $292,000, and $319,000, respectively.

As of August 2, 2026, August 3, 2025, and May 3, 2026, the cost basis of these investments was $5.9 million, $6.8 million, and $6.1 million, respectively.

The carrying amount of our cash and cash equivalents, accounts receivable, other current assets, lines of credit - current, accounts payable, and accrued expenses approximates their fair value because of the short maturity of these financial instruments. The carrying amount of our line of credit - long-term approximates its fair value as the variable rates of interest associated with the respective line of credit are comparable with the market rate of interest.