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Subsequent Events
3 Months Ended
May 04, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Dividends
On May 30, 2024, the Company announced a regular quarterly cash dividend of $0.30 per share on the Company’s common stock. The cash dividend will be paid on June 28, 2024 to shareholders of record as of the close of business on June 12, 2024. As a result of this dividend declaration and in accordance with the terms of the 2028 Indenture, the Company will adjust the conversion rate (which is expected to increase) and the conversion price (which is expected to decrease), effective as of June 11, 2024. A downward adjustment is also expected to be made to the strike prices of the convertible note hedges and the warrants entered into by the Company in connection with the 2028 Notes, each of which will be decreased in accordance with the terms of the applicable convertible note hedge confirmations and warrant confirmations.