Debt (Tables)

9 Months Ended

Apr. 29, 2022

Debt [Abstract]

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:

	April 29, 2022
Liability component
Principal	$	300,000
Less: Debt issuance costs (1)		7,331
Net carrying amount	$	292,669

(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 1.23%. The following is a summary of interest expense for the Notes for the quarter ended and nine months ended April 29, 2022:

	Quarter Ended April 29, 2022		Nine Months Ended April 29, 2022
Coupon interest	$	474	$	1,422
Amortization of issuance costs		415		1,326
Total interest expense	$	889	$	2,748