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Fair Value Measurements (Tables)

6 Months Ended

Jul. 28, 2024

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:

			July 28, 2024																								January 28, 2024
(in thousands)			Total						(Level 1)						(Level 2)						(Level 3)						Total						(Level 1)						(Level 2)						(Level 3)
Financial assets:
Interest rate swap agreement			$	7,636					$	—					$	7,636					$	—					$	7,321					$	—					$	7,321					$	—
Convertible debt investments			12,294						—						—						12,294						12,117						—						—						12,117
Foreign currency forward contracts			—						—						—						—						169						—						169						—
Total financial assets			$	19,930					$	—					$	7,636					$	12,294					$	19,607					$	—					$	7,490					$	12,117
Financial liabilities:
Interest rate swap agreement			$	—					$	—					$	—					$	—					$	7					$	—					$	7					$	—
Foreign currency forward contracts			80						—						80						—						—						—						—						—
Total financial liabilities			$	80					$	—					$	80					$	—					$	7					$	—					$	7					$	—

Fair Value, Assets Measured on Recurring Basis

The following table presents a reconciliation of the changes in convertible debt investments in the six months ended July 28, 2024:

(in thousands)
Balance at January 28, 2024						$	12,117
Sales						(222)
Interest accrued						399
Balance at July 28, 2024						$	12,294

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table displays the carrying values and fair values of the 2027 Notes and 2028 Notes:

												July 28, 2024												January 28, 2024
(in thousands)						Fair Value Hierarchy						Carrying Value						Fair Value						Carrying Value						Fair Value
1.625% convertible senior notes due 2027, net (1)						Level 2						$	311,768					$	357,696					$	310,563					$	262,571
4.00% convertible senior notes due 2028, net (2)						Level 2						60,139						98,212						241,829						313,299
Total long-term debt, net of debt issuance costs												$	371,907					$	455,908					$	552,392					$	575,870

(1) The 1.625% convertible senior notes due 2027, net, are reflected net of $7.7 million and $8.9 million of unamortized debt issuance costs as of July 28, 2024 and January 28, 2024, respectively.

(2) The 4.00% convertible senior notes due 2028, net, are reflected net of $1.8 million and $8.2 million of unamortized debt issuance costs as of July 28, 2024 and January 28, 2024, 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
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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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
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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