Income Taxes (Tables)

12 Months Ended

Feb. 05, 2023

Income Tax Disclosure [Abstract]

Schedule Of Geographical Breakdown Of Income (Loss) Before Provision For Income Taxes

The geographical breakdown of income (loss) before provision for income taxes is as follows (in thousands):

	Fiscal Year Ended
	2021		2022		2023
Domestic	$	(312,119)	$	(192,058)	$	39,004
International	41,959		63,562		52,804
Total	$	(270,160)	$	(128,496)	$	91,808

Schedule of Components of Provision for Income Taxes

The components of the provision for income taxes are as follows (in thousands):

	Fiscal Year Ended
	2021		2022		2023
Current:
State	$	442	$	592	$	5,999
Foreign	8,006		12,525		12,020
Total	$	8,448	$	13,117	$	18,019
Deferred:
Federal	$	(218)	$	—	$	(639)
State	—		—		(99)
Foreign	3,686		1,646		1,456
Total	$	3,468	$	1,646	$	718
Provision for income taxes	$	11,916	$	14,763	$	18,737

Schedule of Reconciliation of the Federal Statutory Income Tax Rate and Effective Income Tax Rate

The reconciliation of income taxes at the federal statutory income tax rate to the provision for income taxes is as follows (in thousands):

	Fiscal Year Ended
	2021		2022		2023
Tax at federal statutory rate	$	(56,734)	$	(26,984)	$	19,280
State tax, net of federal benefit	349		468		4,625
Stock-based compensation expense	(604)		(19,658)		(11,976)
Research and development tax credits	(14,138)		(16,783)		(26,634)
U.S. taxes on foreign income	14,021		25,059		19,065
Foreign rate differential	2,282		(1,698)		(425)
Withholding tax	34		143		2,339
Change in valuation allowance	63,146		48,270		10,631
Non-deductible expenses	—		4,381		2,091
Other	3,560		1,565		(259)
Provision for income taxes	$	11,916	$	14,763	$	18,737

Significant Components of Deferred Tax Assets and Liabilities

The significant components of our deferred tax assets and liabilities were as follows (in thousands):

	At the End of Fiscal
	2022		2023
Deferred tax assets:
Net operating loss carryforwards	$	369,904	$	198,495
Tax credit carryover	134,085		171,775
Accruals and reserves	22,625		34,506
Deferred revenue	66,242		87,026
Stock-based compensation expense	25,247		25,564
ASC 842 lease liabilities	28,577		40,772
Capitalized research and development	—		154,027
Other	1,879		4,950
Total deferred tax assets	$	648,559	$	717,115
Valuation allowance	(554,553)		(598,997)
Total deferred tax assets, net of valuation allowance	$	94,006	$	118,118
Deferred tax liabilities:
Depreciation and amortization	$	(12,992)	$	(31,744)
Deferred commissions	(53,219)		(53,421)
Convertible debt	(4,642)		—
ASC 842 right-of-use assets	(24,608)		(36,366)
Acquired intangibles and goodwill	(6,850)		(4,702)
Interest income	(874)		(2,521)
Total deferred tax liabilities	$	(103,185)	$	(128,754)
Net deferred tax liabilities	$	(9,179)	$	(10,636)

Summary of Activity Related to Unrecognized Tax Benefits

The activity related to the unrecognized tax benefits is as follows (in thousands):

	Fiscal Year Ended
	2021		2022		2023
Gross unrecognized tax benefits—beginning balance	$	28,570	$	39,571	$	51,582
Decreases related to tax positions taken during prior years	(345)		(173)		—
Increases related to tax positions taken during prior years	1,881		1,201		2,172
Increases related to tax positions taken during current year	9,465		10,983		15,143
Gross unrecognized tax benefits—ending balance	$	39,571	$	51,582	$	68,897