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Long-Term Debt (Tables)
12 Months Ended
Jan. 25, 2026
Debt Instruments [Abstract]  
Schedule of Long-term Debt
Long-term debt and the current period interest rates were as follows:
(in thousands)January 25, 2026January 26, 2025
Term loans$— $181,212 
1.625% convertible senior notes due 2027
100,500 319,500 
4.00% convertible senior notes due 2028
— 61,950 
0% convertible senior notes due 2030
402,500 — 
Total debt503,000 562,662 
Current portion, net— (45,594)
Debt issuance costs(11,766)(11,135)
Total long-term debt, net of debt issuance costs$491,234 $505,933 
Weighted-average effective interest rate (1)
0.55 %4.10 %
(1) The revolving loans and Term Loans (as defined below) bear interest at variable rates based on Adjusted Term SOFR or a Base Rate (as defined in the Credit Agreement), at the Company’s option, plus an applicable margin that varies based on the Company’s consolidated leverage ratio. In the first quarter of fiscal year 2024, the Company entered into an interest rate swap agreement with a 2.75 year term to hedge the variability of interest payments on $150.0 million of debt outstanding on the Term Loans at a fixed Term SOFR rate of 3.58%, plus a variable margin and spread based on the Company’s consolidated leverage ratio. As of January 25, 2026, the effective interest rate was a weighted-average rate that represented (a) interest on the remaining debt under the 2027 Notes outstanding at a fixed rate of 1.625%, and (b) interest on the 2030 Notes outstanding at a fixed rate of 0%. As of January 26, 2025, the effective interest rate was a weighted-average rate that represented (a) interest on $150.0 million of the debt outstanding on the Terms Loans at a fixed SOFR rate of 3.58% plus a margin and spread of 3.85% (total fixed rate of 7.43%), (b) interest on the remaining debt outstanding on the Term Loans at a floating SOFR rate of 4.36% plus a margin and spread of 3.85% (total floating rate of 8.21%), (c) interest on the 2027 Notes outstanding at a fixed rate of 1.625%, and (d) interest on the 2028 Notes outstanding at a fixed rate of 4.00%
Interest Income and Interest Expense Disclosure
Interest expense was comprised of the following components for the periods presented:
 Fiscal Year Ended
(in thousands)January 25, 2026January 26, 2025January 28, 2024
Contractual interest$14,345 $81,353 $94,233 
Interest rate swap agreement(233)(9,227)(10,186)
Amortization of deferred financing costs4,788 8,274 7,320 
Write-off of deferred financing costs2,388 13,246 4,446 
Interest rate swap termination(1,858)(3,579)— 
Induced conversion expense21,188 — — 
Total interest expense$40,618 $90,067 $95,813