Debt (Tables)

3 Months Ended

Oct. 27, 2023

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 dates indicated:

	October 27, 2023		July 28, 2023
Liability component
Principal	$	300,000	$	300,000
Less: Debt issuance costs (1)		4,735		5,171
Net carrying amount	$	295,265	$	294,829

(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 specified periods:

	Quarter Ended October 27, 2023		Quarter Ended October 28, 2022
Coupon interest	$	474	$	474
Amortization of issuance costs		436		431
Total interest expense	$	910	$	905