Debt - (Tables)

9 Months Ended

Nov. 01, 2020

Debt Disclosure [Abstract]

Convertible Debt

The Notes consisted of the following (in thousands):

	At the End of
	Fiscal 2020		Third Quarter of Fiscal 2021
Liability:
Principal	$	575,000	$	575,000
Less: debt discount, net of amortization	(91,378)		(71,408)
Less: debt issuance costs, net of amortization	(6,615)		(5,170)
Net carrying amount of the Notes	$	477,007	$	498,422
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 third quarter and first three quarters of fiscal 2020 and 2021 (in thousands):

	Third Quarter of Fiscal						First Three Quarters of Fiscal
	2020			2021			2020			2021
Amortization of debt discount	$	6,431		$	6,799		$	18,824		$	19,970
Amortization of debt issuance costs	465			491			1,362			1,445
Total amortization of debt discount and debt issuance costs	6,896			7,290			20,186			21,415
Contractual interest expense	181			181			539			539
Total interest expense related to the Notes	$	7,077		$	7,471		$	20,725		$	21,954
Effective interest rate of the liability component	5.6		%	5.6		%	5.6		%	5.6		%