Fair Value Measurements (Tables)

3 Months Ended

May 02, 2020

Fair Value Measurements

Estimated Fair Value and Carrying Value of Notes

Amounts reported as cash and equivalents, receivables, and accounts payable and accrued expenses approximate fair value due to the short-term nature of activity within these accounts. The estimated fair value of the asset based credit facility approximates cost as the interest rate associated with the facility is variable and resets frequently. The estimated fair value and carrying value of the 2020 Notes, 2023 Notes and 2024 Notes were as follows (in thousands):

	May 2,					February 1,
	2020					2020
	Fair			Carrying		Fair		Carrying
	Value			Value (1)		Value		Value (1)
Convertible senior notes due 2020	$	287,841	$		295,844	$	295,573	$	291,110
Convertible senior notes due 2023		232,109			274,583		272,623		270,271
Convertible senior notes due 2024		214,761			272,236		255,849		268,366

(1) Carrying value represents the principal amount less the equity component of the 2020 Notes, 2023 Notes and 2024 Notes classified in stockholders’ equity, and does not exclude the discounts upon original issuance, discounts and commissions payable to the initial purchasers and third party offering costs, as applicable.