Fair Value Measurements (Tables)

3 Months Ended

Apr. 30, 2022

Fair Value Disclosures [Abstract]

Fair Values of Financial Assets and Hierarchy of Level of Inputs

The fair values of the Company’s financial assets and the hierarchy of the level of inputs as of April 30, 2022, January 29, 2022 and May 1, 2021 are summarized below:

	(in thousands)
	Fair Value Measurements at
	April 30,		January 29,		May 1,
	2022		2022		2021
Level 1
Cash equivalents (including restricted cash)	$	291,694	$	701,638	$	1,001,534

Fair Values of Financial Liabilities

The fair values of the Company’s financial liabilities are summarized below:

	(in thousands)
	April 30, 2022				January 29, 2022				May 1, 2021
	Principal Amount		Fair Value		Principal Amount		Fair Value		Principal Amount		Fair Value
Term B-6 Loans	$	954,204	$	945,855	$	956,608	$	955,412	$	—	$	—
Term B-5 Loans		—		—		—		—		961,415		953,604
Convertible Notes		507,687		613,860		572,322		724,703		805,000		1,268,382
Secured Notes		—		—		—		—		300,000		318,375
ABL Line of Credit (a)		—		—		—		—		—		—
Total debt (b)	$	1,461,891	$	1,559,715	$	1,528,930	$	1,680,115	$	2,066,415	$	2,540,361

(a)To the extent the Company has any outstanding borrowings under the ABL Line of Credit, the fair value would approximate its reported value, because the interest rate is variable and reflects current market rates, due to its short term nature.

(b)The table above excludes finance lease obligations, debt discount and deferred debt costs.