Ross 2010 Annual Report Download - page 44

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42
Assets measured at fair value at January 30, 2010 are summarized below:
Fair Value Measurements at Reporting Date
Quoted Prices Signifi cant
in Active Markets Other Signifi cant
for Identical Observable Unobservable
Assets Inputs Inputs
($000) January 30, 2010 (Level 1) (Level 2) (Level 3)
Auction-rate securities $ 892 $ — $ — $ 892
Corporate securities 10,204 — 10,204 —
U.S. government and agency securities 5,090 5,090 — —
Mortgage-backed securities 2,416 — 2,416 —
Total assets measured at fair value $ 18,602 $ 5,090 $ 12,620 $ 892
The auction-rate securities were sold during 2010.
The maturities of investment securities at January 29, 2011 were:
Estimated
($000) Cost Basis Fair Value
Maturing in one year or less $ 3,145 $ 3,204
Maturing after one year through fi ve years 6,947 7,294
Maturing after fi ve years through ten years 6,443 6,788
$ 16,535 $ 17,286
The underlying assets in the Company’s non-qualifi ed deferred compensation program totaling $63.6 million as of January 29,
2011 (included in other long-term assets and in other long-term liabilities) primarily consist of participant directed money market,
stable value, stock, and bond funds. The fair value measurement for funds with quoted market prices in active markets (Level 1)
totaled $54.9 million as of January 29, 2011. The fair value measurement for funds without quoted market prices in active markets
(Level 2) totaled $8.7 million as of January 29, 2011. Fair market value for these Level 2 funds is considered to be the sum of
participant funds invested under a group annuity contract plus accrued interest.
Note C: Stock-based Compensation
For fi scal 2010, 2009, and 2008, the Company recognized stock-based compensation expense as follows:
($000) 2010 2009 2008
Restricted stock and performance awards $ 34,028 $ 22,794 $ 17,216
ESPP and stock options 2,523 2,952 5,359
Total $ 36,551 $ 25,746 $ 22,575
Capitalized stock-based compensation cost was not signifi cant in any year.