Long-Term Debt (Tables)

3 Months Ended

Apr. 26, 2026

Debt Instruments [Abstract]

Schedule of Long-term Debt

Long-term debt and the current period interest rates were as follows:

(in thousands, except percentages)	April 26, 2026			January 25, 2026
1.625% convertible senior notes due 2027	$	100,500		$	100,500
0% convertible senior notes due 2030	402,500			402,500
Total debt	$	503,000		$	503,000
Debt issuance costs	(11,018)			(11,766)
Total long-term debt, net of debt issuance costs	$	491,982		$	491,234
Weighted-average effective interest rate (1)	0.55		%	0.55		%

(1) The revolving loans bear interest at variable rates based on Adjusted Term SOFR or a Base Rate (as defined in the Credit Agreement), at the Company’s option, plus an applicable margin that varies based on the Company's consolidated leverage ratio. As of April 26, 2026, the effective interest rate was a weighted-average rate that represented (a) interest on the remaining debt under the 2027 Notes outstanding at a fixed rate of 1.625%, and (b) interest on the 2030 Notes outstanding at a fixed rate of 0%. As of January 25, 2026, the effective interest rate was a weighted average-rate that represented (a) interest on the 2027 Notes outstanding at a fixed rate of 1.625%, and (b) interest on the 2030 Notes outstanding at a fixed rate of 0%.

Schedule Of Interest Expense

Interest expense was comprised of the following components for the periods presented:

	Three Months Ended
(in thousands)	April 26, 2026		April 27, 2025
Contractual interest	$	766	$	5,440
Amortization of deferred financing costs	1,090		1,254
Write-off of deferred financing costs	—		152
Interest swap agreement	—		(108)
Interest rate swap termination	—		(156)
Total interest expense	$	1,856	$	6,582