Debt (Tables)

12 Months Ended

Feb. 05, 2023

Debt Disclosure [Abstract]

Schedule of Convertible Debt

The Notes consisted of the following (in thousands):

	At the End of Fiscal
	2022		2023
Liability:
Principal	$	575,000	$	575,000
Less: debt discount, net of amortization (1)	(35,641)		—
Less: debt issuance costs, net of amortization (1)	(2,580)		(494)
Net carrying amount of the Notes	$	536,779	$	574,506
Stockholders' equity recorded at issuance:
Allocated value of the conversion feature (1)	$	136,333	$	—
Less: debt issuance costs (1)	(3,068)		—
Additional paid-in capital	$	133,265	$	—

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(1) Fiscal 2023 reflects the adoption of ASU 2020-06 on February 7, 2022 using the modified retrospective method as described in Note 2.

Schedule of Interest Expense

The following table sets forth total interest expense recognized related to the Notes (in thousands):

	Fiscal Year Ended
		2022			2023
Amortization of debt discount (1)		$	28,874		$	—
Amortization of debt issuance costs (1)		2,091			2,598
Total amortization of debt discount and debt issuance costs		30,965			2,598
Contractual interest expense		732			716
Total interest expense related to the Notes		$	31,697		$	3,314
Effective interest rate of the liability component		5.6		%	0.6		%

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(1) Fiscal 2023 reflects the adoption of ASU 2020-06 on February 7, 2022 using the modified retrospective method as described in Note 2.