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FAIR VALUE MEASUREMENTS
 12 Months Ended
Aug. 01, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS
3.
FAIR VALUE MEASUREMENTS
Our financial instruments consist of cash, cash equivalents, investments, accounts receivable, accounts payable, and accrued liabilities. At August 1, 2026, and August 2, 2025, the carrying values of cash, accounts receivable, accounts payable, and accrued liabilities approximated fair value due to their short-term nature. We measure our cash equivalents and investments at fair value within Level 1 or Level 2 of the fair value hierarchy because we value these investments using unadjusted, quoted market prices; or alternative pricing sources and models utilizing market observable inputs, respectively.
Further, the Company measures the fair value of certain lease right of use assets and other long-lived assets subject to long-lived asset impairment using Level 3 unobservable inputs. Refer to Note 4 herein for additional information.
Our cash equivalents and investments, which were accounted for as available-for-sale securities and were measured at fair value on a recurring basis, were as follows:
August 1, 2026August 2, 2025
(in thousands)Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Cash equivalents:
Money market funds$49,819 $— $— $49,819 $59,945 $— $— $59,945 
Investments:
U.S. Treasury securities (1)
31,766 — — 31,766 16,541 — — 16,541 
Corporate bonds (1)
— 79,981 — 79,981 — 105,110 — 105,110 
Asset backed securities (1)
— 8,428 — 8,428 — 1,499 — 1,499 
Yankee bonds— 5,447 — 5,447 — 5,645 — 5,645 
Total$81,585 $93,856 $— $175,441 $76,486 $112,254 $— $188,740 
(1) For August 1, 2026, U.S. Treasury securities, Corporate bonds, and Asset backed securities includes both short-term investments with remaining maturities of less than one year, and long-term investments with remaining maturities over one year and less than five years. For August 2, 2025, U.S. Treasury securities and Corporate bonds includes both short-term investments with remaining maturities of less than one year, and long-term investments with remaining maturities over one year and less than five years.
The following table sets forth the amortized cost, gross unrealized gains and losses, and fair values of our investments, which are accounted for as available-for-sale securities:
August 1, 2026August 2, 2025
(in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueAmortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Investments:
U.S. Treasury securities$31,872 $— $(106)$31,766 $16,542 $— $(1)$16,541 
Corporate bonds80,301 — (320)79,981 105,115 28 (33)105,110 
Asset backed securities8,451 — (23)8,428 1,499 — — 1,499 
Yankee bonds5,452 — (5)5,447 5,644 1 — 5,645 
Total$126,076 $— $(454)$125,622 $128,800 $29 $(34)$128,795 
No significant available-for-sale securities held as of the periods presented have been in a continuous unrealized loss position for more than 12 months as of August 1, 2026, and August 2, 2025.