Financial Instruments (Tables)

12 Months Ended

Feb. 02, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Cash Equivalents, Marketable Securities and Restricted Cash

The following tables summarize our cash equivalents, marketable securities and restricted cash by significant investment categories and their classification within the fair value hierarchy at the end of fiscal 2024 and 2025 (in thousands):

	At the End of Fiscal 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash Equivalents		Marketable Securities		Restricted Cash
Level 1
Money market accounts	$	—	$	—	$	—	$	32,422	$	22,827	$	—	$	9,595
Level 2
U.S. government treasury notes	340,168		584		(1,374)		339,378		1,834		337,544		—
U.S. government agencies	4,397		2		—		4,399		—		4,399		—
Corporate debt securities	419,051		1,163		(2,262)		417,952		—		417,952		—
Foreign government bonds	1,290		6		(16)		1,280		—		1,280		—
Asset-backed securities	65,947		279		(316)		65,910		—		65,910		—
Municipal bonds	1,510		—		(38)		1,472		—		1,472		—
Total	$	832,363	$	2,034	$	(4,006)	$	862,813	$	24,661	$	828,557	$	9,595

	At the End of Fiscal 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash Equivalents		Marketable Securities		Restricted Cash
Level 1
Money market accounts	$	—	$	—	$	—	$	264,067	$	258,750	$	—	$	5,317
Level 2
U.S. government treasury notes	360,578		735		(146)		361,167		27,663		333,504		—
U.S. government agencies	1,400		—		—		1,400		—		1,400		—
Corporate debt securities	395,532		1,903		(55)		397,380		—		397,380		—
Foreign government bonds	700		3		—		703		—		703		—
Asset-backed securities	64,926		331		(7)		65,250		—		65,250		—
Total	$	823,136	$	2,972	$	(208)	$	1,089,967	$	286,413	$	798,237	$	5,317

Schedule of Amortized Cost and Estimated Fair Value

The amortized cost and estimated fair value of our marketable securities are shown below by contractual maturity (in thousands):

	At the End of Fiscal 2025
	Amortized Cost		Fair Value
Due within one year	$	291,418	$	291,868
Due in one to five years	503,190		505,502
Due in five to ten years	865		867
Total	$	795,473	$	798,237

Schedule of Gross Unrealized Losses and Fair Values

The following table presents the fair values and gross unrealized losses for those investments that were in a continuous unrealized loss position at the end of fiscal 2024 and 2025, aggregated by investment category (in thousands):

	At the End of Fiscal 2024
	12 Months or less				Greater than 12 months				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. government treasury notes	$	166,565	$	(725)	$	47,842	$	(649)	$	214,407	$	(1,374)
Corporate debt securities	116,247		(260)		104,810		(2,002)		221,057		(2,262)
Foreign government bonds	—		—		573		(16)		573		(16)
Asset-backed securities	12,029		(34)		13,800		(282)		25,829		(316)
Municipal bonds	—		—		1,472		(38)		1,472		(38)
Total	$	294,841	$	(1,019)	$	168,497	$	(2,987)	$	463,338	$	(4,006)

	At the End of Fiscal 2025
	12 Months or less				Greater than 12 months				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. government treasury notes	$	99,397	$	(146)	$	—	$	—	$	99,397	$	(146)
Corporate debt securities	33,619		(55)		1,998		—		35,617		(55)
Asset-backed securities	10,702		(7)		30		—		10,732		(7)
Total	$	143,718	$	(208)	$	2,028	$	—	$	145,746	$	(208)