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Fair Value Measurements (Tables)
9 Months Ended
Oct. 27, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The fair values of financial assets and liabilities measured and recorded at fair value on a recurring basis were presented in the Balance Sheets as follows:
 October 27, 2024January 28, 2024
(in thousands)Total(Level 1)(Level 2)(Level 3)Total(Level 1)(Level 2)(Level 3)
Financial assets:
Interest rate swap agreement$4,588 $— $4,588 $— $7,321 $— $7,321 $— 
Convertible debt investments12,502 — — 12,502 12,117 — — 12,117 
Foreign currency forward contracts— — — — 169 — 169 — 
Total financial assets$17,090 $— $4,588 $12,502 $19,607 $— $7,490 $12,117 
Financial liabilities:
Interest rate swap agreement$— $— $— $— $$— $$— 
Foreign currency forward contracts27 — 27 — — — — — 
Total financial liabilities$27 $— $27 $— $$— $$— 
Fair Value, Assets Measured on Recurring Basis
The following table presents a reconciliation of the changes in convertible debt investments in the nine months ended October 27, 2024:
(in thousands)
Balance at January 28, 2024$12,117 
Sales(222)
Interest accrued607 
Balance at October 27, 2024$12,502 
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
The following table displays the carrying values and fair values of the 2027 Notes and 2028 Notes:
 October 27, 2024January 28, 2024
(in thousands)Fair Value HierarchyCarrying ValueFair ValueCarrying ValueFair Value
1.625% convertible senior notes due 2027, net (1)
Level 2$312,371 $444,088 $310,563 $262,571 
4.00% convertible senior notes due 2028, net (2)
Level 260,246 146,976 241,829 313,299 
Total long-term debt, net of debt issuance costs$372,617 $591,064 $552,392 $575,870 
(1) The 1.625% convertible senior notes due 2027, net, are reflected net of $7.1 million and $8.9 million of unamortized debt issuance costs as of October 27, 2024 and January 28, 2024, respectively.
(2) The 4.00% convertible senior notes due 2028, net, are reflected net of $1.7 million and $8.2 million of unamortized debt issuance costs as of October 27, 2024 and January 28, 2024, respectively.