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Stock-Based Awards (Tables)

12 Months Ended

Jan. 25, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense and Related Tax Benefit Recognized

Stock-based compensation expense and the related tax benefit recognized during fiscal 2025, fiscal 2024, and fiscal 2023 were as follows (dollars in thousands):

			Fiscal Year Ended
			January 25, 2025						January 27, 2024						January 28, 2023
Stock-based compensation			$	40,320					$	25,457					$	17,927
Income tax effect of stock-based compensation			$	9,718					$	6,302					$	4,433

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table summarizes the valuation of stock options and restricted share units granted during fiscal 2025, fiscal 2024, and fiscal 2023, and the significant valuation assumptions:

			Fiscal Year Ended
			January 25, 2025						January 27, 2024						January 28, 2023
Weighted average fair value of RSUs granted			$	154.13					$	95.23					$	96.81
Weighted average fair value of Performance RSUs granted			$	141.28					$	94.99					$	97.49
Weighted average fair value of stock options granted			$	109.52					$	60.85					$	61.18
Stock option assumptions:
Risk-free interest rate			4.2		%				3.6		%				2.4		%
Expected life (in years)			7.9						8.0						8.9
Expected volatility			56.2		%				57.2		%				54.2		%
Expected dividends			—						—						—

Schedule of Share-based Compensation, Stock Options Award Activity

The following table summarizes stock option award activity during fiscal 2025:

			Stock Options
			Shares						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life (In years)						Aggregate Intrinsic Value (In thousands)
Outstanding as of January 27, 2024			264,125						$	70.18
Granted			27,680						$	141.28
Options exercised			(180,494)						$	58.91
Canceled			—						$	—
Outstanding as of January 25, 2025			111,311						$	106.13					7.9						$	9,652
Exercisable options as of January 25, 2025			31,071						$	94.71					7.3						$	3,049

Schedule of Share-based Compensation, RSU and Performance RSU Activity

The following table summarizes RSU and Performance RSU award activity during fiscal 2025:

			Restricted Stock
			RSUs												Performance RSUs
			Share Units						Weighted Average Grant Price						Share Units						Weighted Average Grant Price
Outstanding as of January 27, 2024			390,765						$	74.89					431,190						$	95.98
Granted			128,040						$	154.13					170,526						$	141.28
Share units vested			(199,657)						$	56.71					(146,702)						$	92.07
Forfeited or canceled			(18,322)						$	112.66					(88,581)						$	96.46
Outstanding as of January 25, 2025			300,826						$	121.35					366,433						$	118.51

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Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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