Fair Value Measurements (Tables)

12 Months Ended

Feb. 01, 2025

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring and Nonrecurring Basis

Fair value of the Non-Convertible Term Loan, the Convertible Term Loan and the Collaboration Agreement fees, which were entered into on October 21, 2024, are determined on a non-recurring basis, which results are summarized as follows (in thousands):

		February 1, 2025
	Fair Value Hierarchy	Carrying Value (1)		Fair Value
Non-Convertible Term Loan (2)	Level 2	$	5,531	$	7,980
Convertible Term Loan (2)	Level 2		6,676		7,003
Collaboration Agreement fees (3)	Level 3		3,995		5,439

(1) See “Note 5 — Long-Term Debt” for further discussion of the carrying values, which is shown on a net basis herein of unamortized debt discount and issuance costs.

(2) The fair value was estimated using available market information for debt instruments with similar maturities and credit risk.

(3) The fair value estimate uses the Company’s estimated future revenue projections over the term of the Collaboration Agreement discounted using current market rates for debt investments with similar maturities and credit risk.