Debt - (Tables)

3 Months Ended

May 08, 2022

Debt Disclosure [Abstract]

Schedule of Convertible Debt

The Notes consisted of the following (in thousands):

	At the End of
	Fiscal 2022		First Quarter of Fiscal 2023
Liability:
Principal	$	575,000	$	575,000
Less: debt discount, net of amortization	(35,641)		—
Less: debt issuance costs, net of amortization	(2,580)		(2,444)
Net carrying amount of the Notes	$	536,779	$	572,556
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	$	—

Schedule of Interest Expense

The following table sets forth total interest expense recognized related to the Notes for the first quarter of fiscal 2022 and 2023 (in thousands):

	First Quarter of Fiscal
	2022			2023
Amortization of debt discount	$	6,760		$	—
Amortization of debt issuance costs	490			648
Total amortization of debt discount and debt issuance costs	7,250			648
Contractual interest expense	175			179
Total interest expense related to the Notes	$	7,425		$	827
Effective interest rate of the liability component	5.6		%	0.6		%