Fair Value Measurements (Tables)

9 Months Ended

Oct. 29, 2022

Fair Value Measurements

Estimated Fair Value and Carrying Value of Notes and Term Loan Credit Agreement

	OCTOBER 29,				JANUARY 29,
	2022				2022
			PRINCIPAL				PRINCIPAL
	FAIR		CARRYING		FAIR		CARRYING
	VALUE		VALUE(1)		VALUE		VALUE(1)
	(in thousands)
Convertible senior notes due 2023	$	1,632	$	1,707	$	70,857	$	68,706
Convertible senior notes due 2024		36,499		41,904		198,087		189,297
Term loan B		1,961,700		1,980,000		1,995,000		1,995,000
Term loan B-2		499,044		500,000		—		—

(1) The carrying value of the convertible senior notes as of October 29, 2022 represents the principal amount of the 2023 Notes and 2024 Notes following our adoption of ASU 2020-06 in the first quarter of fiscal 2022 (refer to Note 2—Recently Issued Accounting Standards). The carrying value as of January 29, 2022 represents the principal amount less the equity component of the 2023 Notes and 2024 Notes classified in stockholders’ equity, which was required prior to the adoption of ASU 2020-06. The carrying value in both periods excludes the discounts upon original issuance, discounts and commissions payable to the initial purchasers and third party offering costs, as applicable. The carrying values of the Term Loan B and Term Loan B-2 represent the outstanding amount under each class excluding discounts upon original issuance and third party offering costs.