Convertible Senior Notes - (Tables)

6 Months Ended

Aug. 02, 2020

Debt Disclosure [Abstract]

Convertible Debt

The Notes consisted of the following (in thousands):

	At the End of
	Fiscal 2020		Second Quarter of Fiscal 2021
Liability:
Principal	$	575,000	$	575,000
Less: debt discount, net of amortization	(91,378)		(78,206)
Less: debt issuance costs, net of amortization	(6,615)		(5,662)
Net carrying amount of the Notes	$	477,007	$	491,132
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 second quarter and first two quarters of fiscal 2020 and 2021 (in thousands):

	Second Quarter of Fiscal						First Two Quarters of Fiscal
	2020			2021			2020			2021
Amortization of debt discount	$	6,341		$	6,703		$	12,393		$	13,171
Amortization of debt issuance costs	459			486			897			954
Total amortization of debt discount and debt issuance costs	6,800			7,189			13,290			14,125
Contractual interest expense	181			181			358			358
Total interest expense related to the Notes	$	6,981		$	7,370		$	13,648		$	14,483
Effective interest rate of the liability component	5.6		%	5.6		%	5.6		%	5.6		%