Fair Value (Tables)

6 Months Ended

Aug. 02, 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 August 2, 2025 and February 1, 2025:

	Assets and Liabilities at Fair Value as of August 2, 2025
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents (1)	$	168,794	$	14,195	$	—	$	182,989
Derivative instruments (2)	—		714		—		714
Rabbi Trust assets (3)	1,164		54,669		—		55,833
Restricted cash equivalents (1)	3,084		1,499		—		4,583
Total assets	$	173,042	$	71,077	$	—	$	244,119
Liabilities:
Derivative instruments (2)	$	—	$	7,110	$	—	$	7,110
Total liabilities	$	—	$	7,110	$	—	$	7,110

	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.