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Fair Value Measurements (Tables)

3 Months Ended

Apr. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The fair values of financial assets and liabilities measured and recorded at fair value on a recurring basis were presented in the Balance Sheets as follows:

			April 30, 2023																								January 29, 2023
(in thousands)			Total						(Level 1)						(Level 2)						(Level 3)						Total						(Level 1)						(Level 2)						(Level 3)
Financial assets:
Interest rate swap agreement			$	7,024					$	—					$	7,024					$	—					$	6,067					$	—					$	6,067					$	—
Total return swap contracts			—						—						—						—						91						—						91						—
Convertible debt investments			14,305						—						—						14,305						13,995						—						—						13,995
Foreign currency forward contracts			399						—						399						—						717						—						717						—
Total financial assets			$	21,728					$	—					$	7,423					$	14,305					$	20,870					$	—					$	6,875					$	13,995
Financial liabilities:
Interest rate swap agreement			9,126						—						9,126						—						6,432						—						6,432						—
Total return swap contracts			6						—						6						—						—						—						—						—
Total financial liabilities			$	9,132					$	—					$	9,132					$	—					$	6,432					$	—					$	6,432					$	—

Fair Value, Assets Measured on Recurring Basis

The following table presents a reconciliation of the changes in convertible debt investments in the three months ended April 30, 2023:

(in thousands)
Balance at January 29, 2023						$	13,995
Increase in credit loss reserve						(33)
Interest accrued						343
Balance at April 30, 2023						$	14,305

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table displays the carrying values and fair values of the Notes:

April 30, 2023

January 29, 2023

(in thousands)

Fair Value Hierarchy

Carrying Value

Fair Value

Carrying Value

Fair Value

1.625% convertible senior notes due 2027, net (1)

Level 2

308,710

264,491

308,150

345,075

(1) The 1.625% convertible senior notes due 2027, net are reflected net of $10.8 million and $11.4 million of unamortized debt issuance costs as of April 30, 2023 and January 29, 2023, respectively.

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ 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 (b)
-URI https://asc.fasb.org/extlink&oid=126976982&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 (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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- 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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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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