|6 Months Ended|
Aug. 01, 2020
Short-term investments typically consist of certificates of deposit and are carried at cost, which approximates fair value and are recorded in the consolidated balance sheets in short-term investments. The Company didhave short-term investments as of August 1, 2020. The Company’s short-term investments were $110,000 and $150,000 as of February 1, 2020, and August 3, 2019, respectively.
The Company’s investments in renewable energy projects are accounted for under the equity method of accounting. The balance of these investments was $5,110, $3,936, and $17,449 as of August 1, 2020, February 1, 2020, and August 3, 2019, respectively, and is included in other long-term assets on the consolidated balance sheets. The Company contributed capital of $5,386 and received distributions including $1,291 of investment tax credits during the 26 weeks ended August 1, 2020. The Company contributed capital of $33,339 and received distributions including $17,370 of investment tax credits during the 26 weeks ended August 3, 2019.
The entire disclosure of the components of cash, cash equivalents, and short-term investments. Short-term investments may include current marketable securities.
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef