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Fair Value Measurements (Tables)

9 Months Ended

Oct. 30, 2021

Fair Value Disclosures [Abstract]

Fair Values of Financial Assets and Hierarchy of Level of Inputs

The fair values of the Company’s financial assets and the hierarchy of the level of inputs as of October 30, 2021, January 30, 2021 and October 31, 2020 are summarized below:

		(in thousands)
		Fair Value Measurements at
		October 30,				January 30,				October 31,
		2021				2021				2020
Level 1
Cash equivalents (including restricted cash)		$	701,607			$	1,001,475			$	1,001,416

Fair Values of Financial Liabilities

The fair values of the Company’s financial liabilities are summarized below:

		(in thousands)
		October 30, 2021								January 30, 2021								October 31, 2020
		Principal Amount				Fair Value				Principal Amount				Fair Value				Principal Amount				Fair Value
Term B-6 Loans		$	959,011			$	953,017			$	—			$	—			$	—			$	—
Term B-5 Loans			—				—				961,415				955,406				961,415				944,590
Convertible Notes			644,627				915,048				805,000				1,080,713				805,000				918,183
Secured Notes			—				—				300,000				320,625				300,000				314,625
ABL Line of Credit (a)			—				—				—				—				250,000				250,000
Total debt (b)		$	1,603,638			$	1,868,065			$	2,066,415			$	2,356,744			$	2,316,415			$	2,427,398

(a)To the extent the Company has any outstanding borrowings under the ABL Line of Credit, the fair value would approximate its reported value, because the interest rate is variable and reflects current market rates, due to short term nature.

(b)The table above excludes finance lease obligations, debt discount and deferred debt costs.

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- Definition

Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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- References

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X

- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

No definition available.

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