GENESCO INC Fair Value Disclosure
Note 7
Fair Value
The carrying amounts and fair values of our financial instruments at January 31, 2026 and February 1, 2025 are:
(In thousands) |
|
January 31, 2026 |
|
|
February 1, 2025 |
|
||||||||||
|
|
Carrying |
|
|
Fair |
|
|
Carrying |
|
|
Fair |
|
||||
U.S. revolver borrowings |
|
$ |
3,379 |
|
|
$ |
3,362 |
|
|
$ |
— |
|
|
$ |
— |
|
Debt fair values were determined using a discount cash flow analysis based on current market interest rates for similar types of financial instruments and would be classified in Level 2 within the fair value hierarchy.
Carrying amounts reported on our Consolidated Balance Sheets for cash, receivables and accounts payable approximate fair value due to the short-term maturity of these instruments.
As of January 31, 2026 and February 1, 2025, we have $3.9 million and $9.9 million, respectively, of long-lived assets held and used which were measured using Level 3 inputs within the fair value hierarchy.
As of January 31, 2026 and February 1, 2025, we have $7.0 million and $6.7 million, respectively, of investments which were measured using Level 1 inputs within the fair value hierarchy.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 25, 2026 | Showing above |
| 2025 | Mar 26, 2025 | |
| 2024 | Mar 27, 2024 | |
| 2023 | Mar 22, 2023 | |
| 2022 | Mar 23, 2022 | |
| 2021 | Mar 31, 2021 | |
| 2020 | Apr 1, 2020 | |
| 2019 | Apr 3, 2019 | |
| 2018 | Apr 4, 2018 | |
| 2017 | Mar 29, 2017 | |
| 2016 | Mar 30, 2016 | |
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.