Debt (Tables)

9 Months Ended

Apr. 26, 2024

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:

	April 26, 2024		July 28, 2023
Liability component       Principal	$	300,000	$	300,000
Less: Debt issuance costs (1)		3,859		5,171
Net carrying amount	$	296,141	$	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				Nine Months Ended
	April 26, 2024		April 28, 2023		April 26, 2024		April 28, 2023
Coupon interest	$	474	$	474	$	1,422	$	1,422
Amortization of issuance costs		438		434		1,312		1,296
Total interest expense	$	912	$	908	$	2,734	$	2,718