DESTINATION XL GROUP, INC. Fair Value Disclosure
K. FAIR VALUE MEASUREMENT
At January 31, 2026 and February 1, 2025, the Company held U.S. treasury bills, which were classified as held-to maturity and carried at amortized cost as follows:
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Fair Value |
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(in thousands) |
Carrying value |
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Quoted Prices in Active Markets for Identical Assets |
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Significant Observable Inputs |
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Significant Unobservable Inputs |
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At January 31, 2026: |
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Cash and cash equivalents: |
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11,052 |
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11,056 |
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— |
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— |
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Short-term investments |
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5,029 |
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5,039 |
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— |
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— |
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At February 1, 2025: |
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Short-term investments |
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36,516 |
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36,560 |
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— |
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— |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 19, 2026 | Showing above |
| 2025 | Mar 20, 2025 | |
| 2024 | Mar 21, 2024 | |
| 2023 | Mar 16, 2023 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.