Convertible Senior Notes - (Tables)

3 Months Ended

May 03, 2020

Debt Disclosure [Abstract]

Convertible Debt

The Notes consisted of the following (in thousands):

	At the End of
	Fiscal 2020		First Quarter of Fiscal 2021
Liability:
Principal	$	575,000	$	575,000
Less: debt discount, net of amortization	(91,378)		(84,910)
Less: debt issuance costs, net of amortization	(6,615)		(6,147)
Net carrying amount of the Notes	$	477,007	$	483,943
Stockholders' equity recorded at issuance:
Allocated value of the conversion feature			$	136,333
Less: debt issuance costs			(3,068)
Additional paid-in capital			$	133,265

Interest Expense

The following table sets forth total interest expense recognized related to the Notes for the first quarter of fiscal 2020 and 2021 (in thousands):

	First Quarter of Fiscal
	2020			2021
Amortization of debt discount	$	6,052		$	6,468
Amortization of debt issuance costs	438			468
Total amortization of debt discount and debt issuance costs	6,490			6,936
Contractual interest expense	177			177
Total interest expense related to the Notes	$	6,667		$	7,113
Effective interest rate of the liability component	5.6		%	5.6		%