Ross Dress for Less     Print Page  Close Window

SEC Filings

10-Q
ROSS STORES INC filed this Form 10-Q on 12/12/2018
Entire Document
 


develop its own assumptions and maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Corporate, U.S. government and agency, and mortgage-backed securities are classified within Level 1 or Level 2 because these securities are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs.

There were no transfers between Level 1 and Level 2 categories during the three and nine month periods ended November 3, 2018. The fair value of the Company’s financial instruments are as follows:

($000)
 
November 3, 2018

 
February 3, 2018

 
October 28, 2017

Cash and cash equivalents (Level 1)
 
$
1,349,196

 
$
1,290,294

 
$
1,144,169

 
 
 
 
 
 
 
Restricted cash and cash equivalents (Level 1)
 
$
62,393

 
$
62,978

 
$
63,768

 
 
 
 
 
 
 
Investments (Level 2)
 
$
475

 
$
1,224

 
$
1,233

 
 
 
 
 
 
 
Restricted investments (Level 2)
 
$
2,801

 
$
2,838

 
$
3,550


The underlying assets in the Company’s non-qualified deferred compensation program as of November 3, 2018, February 3, 2018, and October 28, 2017 (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)
November 3, 2018

 
February 3, 2018

 
October 28, 2017

Level 1
$
111,490

 
$
104,590

 
$
99,387

Level 2
12,218

 
16,023

 
16,787

Total
$
123,708

 
$
120,613

 
$
116,174



Note C: Stock-Based Compensation

Stock-based compensation. For the three and nine month periods ended November 3, 2018 and October 28, 2017, the Company recognized stock-based compensation expense as follows:

 
Three Months Ended
 
 
Nine Months Ended
($000)
November 3, 2018

 
October 28, 2017

 
 
November 3, 2018

 
October 28, 2017

Restricted stock
$
12,288

 
$
11,207

 
 
$
36,224

 
$
32,927

Performance awards
10,593

 
10,215

 
 
32,504

 
29,668

Employee stock purchase plan
900

 
796

 
 
2,633

 
2,342

Total
$
23,781

 
$
22,218

 
 
$
71,361

 
$
64,937


Total stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Earnings for the three and nine month periods ended November 3, 2018 and October 28, 2017, is as follows:

 
Three Months Ended
 
 
Nine Months Ended
Statements of Earnings Classification ($000)
November 3, 2018

 
October 28, 2017

 
 
November 3, 2018

 
October 28, 2017

Cost of goods sold
$
11,434

 
$
10,377

 
 
$
33,481

 
$
30,488

Selling, general and administrative
12,347

 
11,841

 
 
37,880

 
34,449

Total
$
23,781

 
$
22,218

 
 
$
71,361

 
$
64,937



10