Income Taxes (Tables)

12 Months Ended

Feb. 06, 2022

Income Tax Disclosure [Abstract]

Schedule Of Geographical Breakdown Of Loss Before Provision For Income Taxes

The geographical breakdown of loss before provision for income taxes is as follows (in thousands):

	Fiscal Year Ended
	2020		2021		2022
Domestic	$	(212,672)	$	(312,119)	$	(192,058)
International	18,006		41,959		63,562
Total	$	(194,666)	$	(270,160)	$	(128,496)

Schedule of Components of Provision for Income Taxes

The components of the provision for income taxes are as follows (in thousands):

	Fiscal Year Ended
	2020		2021		2022
Current:
State	$	538	$	442	$	592
Foreign	7,774		8,006		12,525
Total	$	8,312	$	8,448	$	13,117
Deferred:
Federal	$	(1,559)	$	(218)	$	—
State	(198)		—		—
Foreign	(234)		3,686		1,646
Total	$	(1,991)	$	3,468	$	1,646
Provision for income taxes	$	6,321	$	11,916	$	14,763

Schedule of Reconciliation of the Federal Statutory Income Tax Rate and Effective Income Tax Rate

The reconciliation of income taxes at the federal statutory income tax rate to the provision for income taxes is as follows (in thousands):

	Fiscal Year Ended
	2020		2021		2022
Tax at federal statutory rate	$	(40,880)	$	(56,734)	$	(26,984)
State tax, net of federal benefit	210		349		468
Stock-based compensation expense	(6,683)		(604)		(19,658)
Research and development tax credits	(11,033)		(14,138)		(16,783)
U.S. taxes on foreign income	—		14,021		25,059
Foreign rate differential	2,935		2,282		(1,698)
Change in valuation allowance	61,050		63,146		48,270
Non-deductible expenses	—		—		4,381
Other	722		3,594		1,708
Provision for income taxes	$	6,321	$	11,916	$	14,763

Significant Components of Deferred Tax Assets and Liabilities

The significant components of our deferred tax assets and liabilities were as follows (in thousands):

	At the End of Fiscal
	2021		2022
Deferred tax assets:
Net operating loss carryforwards	$	308,250	$	369,904
Tax credit carryover	104,247		134,085
Accruals and reserves	22,263		22,625
Deferred revenue	69,886		66,242
Stock-based compensation expense	28,310		25,247
Depreciation and amortization	120		—
Charitable contribution carryforwards	229		290
Interest expense limitation (163(j))	110		—
ASC 842 lease liabilities	33,302		28,577
Other	—		1,589
Total deferred tax assets	$	566,717	$	648,559
Valuation allowance	(484,437)		(554,553)
Total deferred tax assets, net of valuation allowance	$	82,280	$	94,006
Deferred tax liabilities:
Depreciation and amortization	$	—	$	(12,992)
Deferred commissions	(41,526)		(53,219)
Convertible debt	(8,147)		(4,642)
ASC 842 right-of-use assets	(29,183)		(24,608)
Acquired intangibles and goodwill	(8,727)		(6,850)
Intercompany interest	—		(874)
Other	(2,230)		—
Total deferred tax liabilities	$	(89,813)	$	(103,185)
Net deferred tax liabilities	$	(7,533)	$	(9,179)

Summary of Activity Related to Unrecognized Tax Benefits

The activity related to the unrecognized tax benefits is as follows (in thousands):

	Fiscal Year Ended
	2020		2021		2022
Gross unrecognized tax benefits—beginning balance	$	18,891	$	28,570	$	39,571
Decreases related to tax positions taken during prior years	(34)		(345)		(173)
Increases related to tax positions taken during prior years	408		1,881		1,201
Increases related to tax positions taken during current year	9,305		9,465		10,983
Gross unrecognized tax benefits—ending balance	$	28,570	$	39,571	$	51,582