Convertible Senior Notes and Related Transactions (Tables)

12 Months Ended

Jan. 28, 2023

Debt Disclosure [Abstract]

Convertible Notes

The Notes consist of the following components at (in thousands):

	Jan 28, 2023		Jan 29, 2022
Liability component:
Principal	$	300,000	$	300,000
Unamortized debt discount1	—		(27,498)
Unamortized issuance costs	(1,069)		(1,907)
Net carrying amount	$	298,931	$	270,595
Equity component, net2	$	(759)	$	42,320

______________________________________________________________________

1Due to adoption of the authoritative guidance, unamortized debt discount was derecognized on January 30, 2022.

2As a result of adoption of the authoritative guidance on January 30, 2022, the equity component was eliminated and recorded as an adjustment to retained earnings. As of January 28, 2023, the balance is associated with convertible bond hedge issuance costs and deferred income taxes, which are not impacted by the adoption. As of January 29, 2022, the balance was included in paid-in capital within stockholders’ equity on the consolidated balance sheets and is net of debt issuance costs and deferred taxes.