Fair Value (Tables)

3 Months Ended

May 03, 2025

Fair Value Disclosures [Abstract]

Company's Assets and Liabilities Measured at Fair Value

The following table provides the three levels of the hierarchy and the distribution of the Company’s assets measured at fair value on a recurring basis, as of May 3, 2025 and February 1, 2025:

	Assets and Liabilities at Fair Value as of May 3, 2025
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents (1)	$	88,706	$	9,752	$	—	$	98,458
Derivative instruments (2)	—		172		—		172
Rabbi Trust assets (3)	1,164		54,293		—		55,457
Restricted cash equivalents (1)	3,078		1,513		—		4,591
Total assets	$	92,948	$	65,730	$	—	$	158,678
Liabilities:
Derivative instruments (2)	$	—	$	8,325	$	—	$	8,325
Total liabilities	$	—	$	8,325	$	—	$	8,325

	Assets and Liabilities at Fair Value as of February 1, 2025
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents (1)	$	304,072	$	1,013	$	—	$	305,085
Derivative instruments (2)	—		4,315		—		4,315
Rabbi Trust assets (3)	1,164		53,921		—		55,085
Restricted cash equivalents (1)	3,070		1,496		—		4,566
Total assets	$	308,306	$	60,745	$	—	$	369,051

(1)    Level 1 assets consisted of investments in money market funds and U.S. treasury bills. Level 2 assets consisted of time deposits with original maturities of less than three months.

(2)    Level 2 assets and liabilities consisted primarily of foreign currency exchange forward contracts.

(3)    Level 1 assets consisted of investments in money market funds. Level 2 assets consisted of trust-owned life insurance policies.