Share Repurchases

3 Months Ended

Apr. 30, 2016

Equity [Abstract]

Share Repurchases

NOTE 12—SHARE REPURCHASES

Certain options and awards granted under the Company’s equity plans contain a repurchase right, which may be exercised at the Company’s discretion in the event of the termination of an employee’s employment with the Company. During the three months ended April 30, 2016 and May 2, 2015, no shares were repurchased.

As of both April 30, 2016 and January 30, 2016, the aggregate unpaid principal amount of the notes payable for share repurchases was $19.5 million, which is included in other non-current obligations on the condensed consolidated balance sheets. During both the three months ended April 30, 2016 and May 2, 2015, the Company recorded interest expense on the outstanding notes of $0.2 million.