Debt (Tables)

6 Months Ended

Jan. 28, 2022

Outstanding Principal Amount and Carrying Value of the Notes

The following table includes the outstanding principal amount and carrying value of the Notes as of the period indicated:

	January 28, 2022
Liability component
Principal	$	300,000
Less: Debt issuance costs (1)		7,868
Net carrying amount	$	292,132

(1)

Debt issuance costs are amortized to interest expense using the effective interest method over the expected life of the Notes.

Summary of Interest Expense

The effective rate of the Notes over their expected life is 1.24%. The following is a summary of interest expense for the Notes for the quarter ended and six months ended January 28, 2022:

	Quarter Ended January 28, 2022		Six Months Ended January 28, 2022
Coupon interest	$	474	$	948
Amortization of issuance costs		432		911
Total interest expense	$	906	$	1,859