Ross 2014 Annual Report Download - page 50

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The future maturities of investment and restricted investment securities at January 31, 2015 were:
Investments Restricted Investments
($000) Cost basis
Estimated
fair value Cost basis
Estimated
fair value
Maturing in one year or less $ 500 $ 500 $ — $ —
Maturing after one year through five years 2,867 3,110 3,563 3,828
Total $ 3,367 $ 3,610 $ 3,563 $ 3,828
The underlying assets in the Company’s non-qualified deferred compensation program as of January 31, 2015 and February
1, 2014 (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) and for funds without quoted market prices in active markets (Level 2) are as follows:
($000) 2014 2013
Level 1 $ 81,926 $ 76,913
Level 2 12,128 11,356
Total
$ 94,054 $ 88,269
Fair market value for 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 fiscal 2014, 2013, and 2012, the Company recognized stock-based compensation expense as follows:
($000) 2014 2013 2012
Restricted stock $ 34,729 $ 30,921 $ 29,191
Performance awards 16,003 13,812 17,872
ESPP
2,269 2,114 1,8 89
Total $ 53,001 $ 46,847 $ 48,952
Capitalized stock-based compensation cost was not significant in any year.
No stock options were granted during fiscal 2014, 2013, and 2012. The Company recognizes expense for ESPP purchase rights
equal to the value of the 15% discount given on the purchase date. At January 31, 2015, the Company had one active stock-
based compensation plan, which is further described in Note H.
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