Debt - (Tables)

3 Months Ended

May 02, 2021

Debt Disclosure [Abstract]

Convertible Debt

The Notes consisted of the following (in thousands):

	At the End of
	Fiscal 2021		First Quarter of Fiscal 2022
Liability:
Principal	$	575,000	$	575,000
Less: debt discount, net of amortization	(64,515)		(57,755)
Less: debt issuance costs, net of amortization	(4,671)		(4,181)
Net carrying amount of the Notes	$	505,814	$	513,064
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 2021 and 2022 (in thousands):

	First Quarter of Fiscal
	2021			2022
Amortization of debt discount	$	6,468		$	6,760
Amortization of debt issuance costs	468			490
Total amortization of debt discount and debt issuance costs	6,936			7,250
Contractual interest expense	177			175
Total interest expense related to the Notes	$	7,113		$	7,425
Effective interest rate of the liability component	5.6		%	5.6		%