XML 61 R41.htm IDEA: XBRL DOCUMENT
v3.26.1

Share-Based Compensation (Tables) | 12 Months Ended
--- | ---
Jan. 25, 2026
Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Summary of allocation of stock-based compensation | Pre-tax share-based compensation was included in the Statements of Operations for fiscal years 2026, 2025 and 2024 as follows:
| Fiscal Year Ended
(in thousands) | January 25, 2026 |  | January 26, 2025 |  | January 28, 2024
Cost of sales | $ | 2,697 |  |  | $ | 2,933 |  |  | $ | 1,995 |
Product development and engineering | 15,098 |  |  | 13,965 |  |  | 12,844 |
Selling, general and administrative | 39,928 |  |  | 51,138 |  |  | 25,331 |
Share-based compensation | $ | 57,723 |  |  | $ | 68,036 |  |  | $ | 40,170 |
Summary of the activity for stock option awards | The following table summarizes the activity for stock options for fiscal year 2026:
(in thousands, except per share data) | Number of Shares |  | Weighted- Average Exercise Price (per share) |  | Aggregate Intrinsic Value (1) |  |  |  | Number of Shares Exercisable |  | Weighted-Average Contractual Term (years)
Vested and expected to vest at January 26, 2025 | 286 |  |  | $ | 29.59 |  |  | $ | 12,434 |  |  |  |  | 150 |  | 3.8
Exercised | (141) |  |  | 29.50 |  |  | 5,423 |  |  |  |  |  |  |
Forfeited | (6) |  |  | 29.30 |  |  |  |  |  |  |  |  |
Vested and expected to vest at January 25, 2026 | 139 |  |  | 29.70 |  |  | 7,075 |  |  |  |  | 139 |  | 2.8
Vested and exercisable at January 25, 2026 | 139 |  |  | 29.70 |  |  | 7,075 |  |  |  |  |  |  | 2.8
(1) The aggregate intrinsic value of stock options vested and exercisable as of January 25, 2026 is calculated based on the difference between the exercise price and the $80.52 closing price of the Company's common stock as of January 23, 2026 (the last trading day of the fiscal year ended January 25, 2026).
Summary of unvested stock option awards | The following table summarizes information regarding nonvested stock option awards at January 25, 2026:
(in thousands, except per share data) | Number of Shares |  | Weighted-Average Exercise Price (per share) |  | Weighted-Average Grant Date Fair Value (per share)
Nonvested at January 26, 2025 | 136 |  |  | $ | 29.30 |  |  | $ | 12.77 |
Vested | (130) |  |  | 29.30 |  |  | 12.77 |
Forfeited | (6) |  |  | 29.30 |  |  | 12.77 |
Nonvested at January 25, 2026 | — |  |  |  |  |
Summary of Activity for Restricted Stock Units and Metric-based Awards | The following table summarizes the activity for restricted stock units awarded to employees for fiscal year 2026:
(in thousands, except per share data) | Total Units |  | Units Subject to Share Settlement |  | Units Subject to Cash Settlement |  | Weighted-Average Grant Date Fair Value (per share) |  |  |  |
Nonvested at January 26, 2025 | 2,720 |  |  | 2,716 |  |  | 4 |  |  | $ | 28.94 |  |  |  |  |
Granted | 1,136 |  |  | 1,136 |  |  | — |  |  | 44.22 |  |  |  |  |
Vested | (1,296) |  |  | (1,294) |  |  | (2) |  |  | 30.72 |  |  |  |  |
Forfeited | (214) |  |  | (214) |  |  | — |  |  | 30.79 |  |  |  |  |
Nonvested at January 25, 2026 | 2,346 |  |  | 2,344 |  |  | 2 |  |  | 35.21 |  |  |  |  |
The following table summarizes the activity for restricted stock units awarded to non-employee directors for fiscal year 2026:
(in thousands, except per share data) | Total Units |  | Units Subject to Share Settlement |  | Units Subject to Cash Settlement |  | Weighted-Average Grant Date Fair Value (per share)
Nonvested at January 26, 2025 | 46 |  |  | 23 |  |  | 23 |  |  | $ | 31.50 |
Granted | 43 |  |  | 43 |  |  | — |  |  | 37.58 |
Vested | (46) |  |  | (23) |  |  | (23) |  |  | 31.50 |
Forfeited | — |  |  | — |  |  | — |  |  | — |
Nonvested at January 25, 2026 | 43 |  |  | 43 |  |  | — |  |  | 37.58 |
The following table summarizes the activity for the Metric-based Awards for fiscal year 2026:
(in thousands, except per share data) | Total Units |  | Weighted-Average Grant Date Fair Value (per share)
Nonvested at January 26, 2025 | 59 |  |  | $ | 30.86 |
Granted | — |  |  | — |
Vested | (40) |  |  | 32.70 |
Cancelled/Forfeited | — |  |  | — |
Nonvested at January 25, 2026 | 19 |  |  | 27.02 |
Share-Based Payment Arrangement, Outstanding Award, Activity, Excluding Option | The following table summarizes the activity for the Performance Awards for fiscal year 2026:
(in thousands, except per share data) | Total Units |  | Weighted-Average Grant Date Fair Value (per share)
Nonvested at January 26, 2025 | 369 |  |  | $ | 42.23 |
Granted | 376 |  |  | 37.48 |
Vested | (139) |  |  | 36.31 |
Cancelled/Forfeited (1) | (46) |  |  | 55.08 |
Nonvested at January 25, 2026 | 560 |  |  | 39.46 |
(1) Primarily represents forfeitures due to the terminations of certain recipients. The following table summarizes the activity for the TSR Awards for fiscal year 2026:
(in thousands, except per share data) | Total Units |  | Weighted-Average Grant Date Fair Value (per share)
Nonvested at January 26, 2025 | 71 |  |  | $ | 47.26 |
Granted | — |  |  | — |
Vested | (52) |  |  | 47.82 |
Cancelled/Forfeited | — |  |  | — |
Nonvested at January 25, 2026 | 19 |  |  | 45.72 |

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfOtherShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (i) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration