Debt - (Tables)

6 Months Ended

Aug. 01, 2021

Debt Disclosure [Abstract]

Convertible Debt

The Notes consisted of the following (in thousands):

	At the End of
	Fiscal 2021		Second Quarter of Fiscal 2022
Liability:
Principal	$	575,000	$	575,000
Less: debt discount, net of amortization	(64,515)		(50,670)
Less: debt issuance costs, net of amortization	(4,671)		(3,668)
Net carrying amount of the Notes	$	505,814	$	520,662
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 2021 and 2022 (in thousands):

	Second Quarter of Fiscal						First Two Quarters of Fiscal
	2021			2022			2021			2022
Amortization of debt discount	$	6,703		$	7,085		$	13,171		$	13,845
Amortization of debt issuance costs	486			513			954			1,003
Total amortization of debt discount and debt issuance costs	7,189			7,598			14,125			14,848
Contractual interest expense	181			181			358			356
Total interest expense related to the Notes	$	7,370		$	7,779		$	14,483		$	15,204
Effective interest rate of the liability component	5.6		%	5.6		%	5.6		%	5.6		%