XML 51 R38.htm IDEA: XBRL DOCUMENT
v3.25.2

Convertible Senior Notes and Related Transactions (Tables) | 6 Months Ended
--- | ---
Aug. 02, 2025
Debt Disclosure [Abstract] |
Schedule of Convertible Debt | The 2028 Notes consist of the following (in thousands):
| Aug 2, 2025 |  | Feb 1, 2025
Initial 2028 Notes |  |  |
Principal | $ | 275,000 |  |  | $ | 275,000 |
Unamortized debt discount and issuance costs 1,2 | (5,369) |  |  | (6,290) |
Net carrying amount | $ | 269,631 |  |  | $ | 268,710 |
Fair value, net 3 | $ | 259,428 |  |  | $ | 249,339 |
Additional 2028 Notes |  |  |
Principal | $ | 76,947 |  |  | $ | 76,947 |
Unamortized debt discount and issuance costs 1 | (9,926) |  |  | (11,590) |
Embedded derivative 4 | 1,570 |  |  | 2,460 |
Net carrying amount | $ | 68,591 |  |  | $ | 67,817 |
Fair value, net 3 | $ | 65,737 |  |  | $ | 62,397 |
Net carrying amount of Initial and Additional 2028 Notes | $ | 338,222 |  |  | $ | 336,527 |
______________________________________________________________________ Notes: 1 The unamortized debt discount related to the Initial 2028 Notes is due to the result of the modification accounting for a portion of the exchanged notes. This discount represents both an increase in the fair value of the embedded conversion feature, which is calculated as the difference between the fair value of the embedded conversion feature immediately before and after the exchange, and cash paid to modified noteholders. The change in conversion feature value reduces the carrying amount of the convertible debt instrument with a corresponding increase in paid-in capital. The additional cash paid to modified noteholders increased the debt discount. This debt discount is being amortized to interest expense over five years. 2 For each of the three and six months ended August 2, 2025 and August 3, 2024, the weighted average effective interest rate including amortization of debt discount and issuance costs was 4.5% for the Initial 2028 Notes and 9.3% for the Additional 2028 Notes. 3 The fair value of the Notes is determined based on inputs that are observable in the market and have been classified as Level 2 in the fair value hierarchy. See Note 16 - Fair Value Measurements for further information regarding the fair value measurement of the Notes. 4 The fair value of the embedded derivative is measured using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. See Note 16 - Fair Value Measurements for further information regarding the fair value measurement of the embedded derivative.
Schedule of Interest Expense on Convertible Notes | Interest expense for the Notes for the three and six months ended August 2, 2025 and August 3, 2024 consists of the following (in thousands):
| Three Months Ended |  | Six Months Ended
| Aug 2, 2025 |  | Aug 3, 2024 |  | Aug 2, 2025 |  | Aug 3, 2024
2024 Notes |  |  |  |  |  |  |
Coupon interest | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 334 |
Amortization of debt discount and issuance costs | — |  |  | — |  |  | — |  |  | 28 |
Total | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 362 |
Initial 2028 Notes |  |  |  |  |  |  |
Coupon interest | $ | 2,578 |  |  | $ | 2,578 |  |  | $ | 5,156 |  |  | $ | 5,156 |
Amortization of debt discount and issuance costs | 460 |  |  | 436 |  |  | 921 |  |  | 872 |
Total | $ | 3,038 |  |  | $ | 3,014 |  |  | $ | 6,077 |  |  | $ | 6,028 |
Additional 2028 Notes |  |  |  |  |  |  |
Coupon interest | $ | 722 |  |  | $ | 721 |  |  | $ | 1,443 |  |  | $ | 1,367 |
Amortization of debt discount and issuance costs | 832 |  |  | 775 |  |  | 1,664 |  |  | 1,437 |
Total | $ | 1,554 |  |  | $ | 1,496 |  |  | $ | 3,107 |  |  | $ | 2,804 |

X
- Definition Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount. + References No definition available. + Details
Name: | us-gaap_ConvertibleDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration